Saturday, 31 March 2018

Bright Rock Capital Management Has Cut Chevron (CVX) Position By $875,000; Veritone (VERI) Shorts Lowered By 0.81%

Chevron Corporation (NYSE:CVX) Logo

Veritone Inc (NASDAQ:VERI) had a decrease of 0.81% in short interest. VERI’s SI was 1.22M shares in March as released by FINRA. Its down 0.81% from 1.23M shares previously. With 357,100 avg volume, 3 days are for Veritone Inc (NASDAQ:VERI)’s short sellers to cover VERI’s short positions. The SI to Veritone Inc’s float is 19.45%. The stock increased 1.46% or $0.2 during the last trading session, reaching $13.92. About 147,578 shares traded. Veritone, Inc. (NASDAQ:VERI) has 0.00% since March 31, 2017 and is . It has underperformed by 11.55% the S&P500.

Bright Rock Capital Management Llc decreased Chevron Corporation (CVX) stake by 8.33% reported in 2017Q4 SEC filing. Bright Rock Capital Management Llc sold 7,000 shares as Chevron Corporation (CVX)’s stock declined 8.26%. The Bright Rock Capital Management Llc holds 77,000 shares with $9.64 million value, down from 84,000 last quarter. Chevron Corporation now has $217.85B valuation. The stock increased 1.73% or $1.94 during the last trading session, reaching $114.04. About 6.63M shares traded. Chevron Corporation (NYSE:CVX) has risen 7.88% since March 31, 2017 and is uptrending. It has underperformed by 3.67% the S&P500.

Investors sentiment increased to 0.99 in Q4 2017. Its up 0.04, from 0.95 in 2017Q3. It improved, as 51 investors sold CVX shares while 686 reduced holdings. 122 funds opened positions while 608 raised stakes. 1.19 billion shares or 0.58% more from 1.18 billion shares in 2017Q3 were reported. Van Eck Associates Corp has invested 0.01% of its portfolio in Chevron Corporation (NYSE:CVX). Voya Mngmt Limited Liability holds 0.51% in Chevron Corporation (NYSE:CVX) or 1.98M shares. Central Financial Bank Co owns 9,327 shares. Pub Sector Pension Board owns 959,123 shares or 0.79% of their US portfolio. Whittier Tru reported 308,785 shares. Paragon Cap stated it has 0.56% of its portfolio in Chevron Corporation (NYSE:CVX). Staley Capital Advisers reported 270,231 shares. Endurance Wealth reported 0.06% in Chevron Corporation (NYSE:CVX). 1,950 are owned by Disciplined Growth Inc Mn. Raymond James And Associate reported 0.77% of its portfolio in Chevron Corporation (NYSE:CVX). Highlander Mgmt Lc reported 0.38% in Chevron Corporation (NYSE:CVX). Wesbanco State Bank holds 1.87% of its portfolio in Chevron Corporation (NYSE:CVX) for 220,863 shares. Guinness Atkinson Asset Inc invested in 0.69% or 9,000 shares. Huntington Steele Lc stated it has 5,419 shares or 0.18% of all its holdings. Loring Wolcott & Coolidge Fiduciary Ltd Liability Partnership Ma holds 0.15% of its portfolio in Chevron Corporation (NYSE:CVX) for 65,795 shares.

Among 35 analysts covering Chevron Corporation (NYSE:CVX), 26 have Buy rating, 0 Sell and 9 Hold. Therefore 74% are positive. Chevron Corporation has $160.0 highest and $65 lowest target. $116.52’s average target is 2.17% above currents $114.04 stock price. Chevron Corporation had 118 analyst reports since August 4, 2015 according to SRatingsIntel. Credit Suisse maintained the shares of CVX in report on Wednesday, March 7 with “Neutral” rating. On Friday, March 18 the stock rating was initiated by Nomura with “Neutral”. The stock of Chevron Corporation (NYSE:CVX) has “Neutral” rating given on Monday, August 3 by UBS. Citigroup maintained the shares of CVX in report on Friday, July 21 with “Buy” rating. As per Monday, February 5, the company rating was maintained by Jefferies. On Wednesday, December 20 the stock rating was maintained by RBC Capital Markets with “Sell”. As per Tuesday, January 23, the company rating was maintained by Piper Jaffray. The company was maintained on Monday, July 11 by Jefferies. The company was downgraded on Wednesday, October 18 by BMO Capital Markets. The firm earned “Overweight” rating on Friday, September 11 by JP Morgan.

Since October 16, 2017, it had 0 buys, and 1 insider sale for $3.06 million activity. $3.06M worth of stock was sold by Pate R. Hewitt on Monday, October 16.

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on April, 27. They expect $1.52 EPS, up 7.80% or $0.11 from last year’s $1.41 per share. CVX’s profit will be $2.90B for 18.76 P/E if the $1.52 EPS becomes a reality. After $0.73 actual EPS reported by Chevron Corporation for the previous quarter, Wall Street now forecasts 108.22% EPS growth.

Veritone, Inc., a cloud-based cognitive software company, develops a proprietary artificial intelligence platform for various markets in the United States and internationally. The company has market cap of $225.82 million. The Company’s cloud open platform integrates and orchestrates an ecosystem of cognitive engines to reveal multivariate insights from various amounts of audio, video, and structured data; and incorporates proprietary technology to manage and integrate a range of AI processes to mimic human cognitive functions comprising perception, reasoning, prediction, and problem solving to transform unstructured data into structured data. It currently has negative earnings. The firm offers media agency services, including media planning and strategy, media buying and placement, campaign messaging, clearance verification and attribution, and custom analytics to manage, deliver, optimize, verify, and quantify advertising campaigns and content distribution for various clients across multiple channels comprising broadcast radio, satellite audio, streaming audio, broadcast and cable television, digital video, and podcasting.

Chevron Corporation (NYSE:CVX) Institutional Positions Chart

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