National Planning Has Cut By $2.84 Million Its Chevron New (CVX) Position; Shorts at Ring Energy (NYSEAMERICAN:REI) Lowered By 4.57%

February 23, 2018 - By Maria Brooks

National Planning Corp decreased Chevron Corp New (CVX) stake by 13.16% reported in 2017Q3 SEC filing. National Planning Corp sold 24,273 shares as Chevron Corp New (CVX)’s stock declined 3.45%. The National Planning Corp holds 160,221 shares with $18.83M value, down from 184,494 last quarter. Chevron Corp New now has $212.26 billion valuation. The stock increased 1.69% or $1.86 during the last trading session, reaching $111.75. About 3.23M shares traded. Chevron Corporation (NYSE:CVX) has risen 6.68% since February 23, 2017 and is uptrending. It has underperformed by 10.02% the S&P500.

Ring Energy Inc (NYSEAMERICAN:REI) had a decrease of 4.57% in short interest. REI’s SI was 3.44 million shares in February as released by FINRA. Its down 4.57% from 3.61 million shares previously. With 323,500 avg volume, 11 days are for Ring Energy Inc (NYSEAMERICAN:REI)’s short sellers to cover REI’s short positions. The SI to Ring Energy Inc’s float is 6.84%. The stock decreased 3.17% or $0.47 during the last trading session, reaching $14.35. About 2.89M shares traded or 339.05% up from the average. Ring Energy, Inc. (NYSEAMERICAN:REI) has risen 83.06% since February 23, 2017 and is uptrending. It has outperformed by 66.36% the S&P500.

National Planning Corp increased Ishares Tr (IDU) stake by 5,432 shares to 26,450 valued at $3.52M in 2017Q3. It also upped Vanguard Whitehall Fds Inc (VYM) stake by 13,291 shares and now owns 117,800 shares. Ishares Tr (IEF) was raised too.

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on April, 27. They expect $1.50 EPS, up 6.38% or $0.09 from last year’s $1.41 per share. CVX’s profit will be $2.85B for 18.63 P/E if the $1.50 EPS becomes a reality. After $0.73 actual EPS reported by Chevron Corporation for the previous quarter, Wall Street now forecasts 105.48% EPS growth.

Since October 16, 2017, it had 0 insider purchases, and 1 insider sale for $3.06 million activity. Pate R. Hewitt had sold 25,500 shares worth $3.06 million.

Among 34 analysts covering Chevron Corporation (NYSE:CVX), 24 have Buy rating, 0 Sell and 10 Hold. Therefore 71% are positive. Chevron Corporation had 115 analyst reports since August 4, 2015 according to SRatingsIntel. Howard Weil upgraded Chevron Corporation (NYSE:CVX) on Monday, December 14 to “Sector Outperform” rating. As per Tuesday, December 15, the company rating was maintained by JP Morgan. The company was maintained on Monday, February 5 by Jefferies. Barclays Capital maintained Chevron Corporation (NYSE:CVX) on Tuesday, January 12 with “Equal Weight” rating. The firm has “Overweight” rating by PiperJaffray given on Tuesday, August 9. The rating was maintained by Cowen & Co on Tuesday, December 15 with “Outperform”. On Friday, February 9 the stock rating was upgraded by RBC Capital Markets to “Sector Perform”. Jefferies maintained Chevron Corporation (NYSE:CVX) rating on Monday, July 11. Jefferies has “Buy” rating and $116 target. Cowen & Co maintained Chevron Corporation (NYSE:CVX) on Thursday, December 21 with “Buy” rating. The stock has “Underperform” rating by BNP Paribas on Friday, May 26.

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By1 Maria Brooks

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