Spirit Rlty Cap New (SRC) Holder Hg Vora Capital Management Has Trimmed Its Position by $138.40 Million as Valuation Declined; Premier Asset Managment Cut Its Position in Chevron New (CVX) as Market Valuation Declined

January 14, 2018 - By whatsonthorold

Parag Vora decreased its stake in Spirit Rlty Cap Inc New (SRC) by 69.2% based on its latest 2017Q3 regulatory filing with the SEC. Hg Vora Capital Management Llc sold 17.30 million shares as the company’s stock declined 32.65% while stock markets rallied. The hedge fund run by Parag Vora held 7.70M shares of the consumer services company at the end of 2017Q3, valued at $65.99 million, down from 25.00 million at the end of the previous reported quarter. Hg Vora Capital Management Llc who had been investing in Spirit Rlty Cap Inc New for a number of months, seems to be less bullish one the $3.69B market cap company. The stock decreased 0.37% or $0.03 during the last trading session, reaching $8.1. About 5.56M shares traded. Spirit Realty Capital, Inc. (NYSE:SRC) has declined 36.20% since January 14, 2017 and is downtrending. It has underperformed by 52.90% the S&P500.

Premier Asset Managment Llc decreased its stake in Chevron Corp New (CVX) by 46.94% based on its latest 2017Q3 regulatory filing with the SEC. Premier Asset Managment Llc sold 2,765 shares as the company’s stock declined 3.45% while stock markets rallied. The institutional investor held 3,125 shares of the integrated oil company at the end of 2017Q3, valued at $367,000, down from 5,890 at the end of the previous reported quarter. Premier Asset Managment Llc who had been investing in Chevron Corp New for a number of months, seems to be less bullish one the $253.76 billion market cap company. The stock increased 0.78% or $1.03 during the last trading session, reaching $133.6. About 7.23 million shares traded or 34.97% up from the average. Chevron Corporation (NYSE:CVX) has risen 6.68% since January 14, 2017 and is uptrending. It has underperformed by 10.02% the S&P500.

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on January, 26. They expect $1.19 earnings per share, up 440.91% or $0.97 from last year’s $0.22 per share. CVX’s profit will be $2.26B for 28.07 P/E if the $1.19 EPS becomes a reality. After $1.03 actual earnings per share reported by Chevron Corporation for the previous quarter, Wall Street now forecasts 15.53% EPS growth.

Among 34 analysts covering Chevron Corporation (NYSE:CVX), 22 have Buy rating, 1 Sell and 11 Hold. Therefore 65% are positive. Chevron Corporation had 100 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Hold” rating by Wells Fargo given on Tuesday, October 3. The rating was upgraded by Wolfe Research on Wednesday, March 9 to “Outperform”. The rating was maintained by Barclays Capital with “Equal-Weight” on Tuesday, October 10. The rating was maintained by RBC Capital Markets with “Sell” on Friday, October 27. As per Thursday, January 11, the company rating was upgraded by BMO Capital Markets. The stock of Chevron Corporation (NYSE:CVX) has “Outperform” rating given on Monday, December 21 by Macquarie Research. The stock of Chevron Corporation (NYSE:CVX) has “Neutral” rating given on Monday, August 3 by UBS. The firm has “Underperform” rating given on Thursday, July 6 by RBC Capital Markets. The stock of Chevron Corporation (NYSE:CVX) has “Hold” rating given on Wednesday, October 18 by Societe Generale. The stock of Chevron Corporation (NYSE:CVX) has “Buy” rating given on Thursday, September 28 by Piper Jaffray.

Since August 1, 2017, it had 0 insider buys, and 4 sales for $11.07 million activity. The insider JOHNSON JAMES WILLIAM sold 31,000 shares worth $3.43M. Deily Linnet F had sold 2,312 shares worth $248,274. Yarrington Patricia E sold 39,000 shares worth $4.33 million.

Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.08, from 1.03 in 2017Q2. It fall, as 43 investors sold CVX shares while 696 reduced holdings. 121 funds opened positions while 584 raised stakes. 1.18 billion shares or 1.43% more from 1.16 billion shares in 2017Q2 were reported. Godsey Gibb Associate reported 2.22% stake. Welch And Forbes Limited Co holds 0.95% of its portfolio in Chevron Corporation (NYSE:CVX) for 306,625 shares. Moreover, Bridges Invest Counsel has 3.38% invested in Chevron Corporation (NYSE:CVX). Agf Invests holds 56,491 shares or 0.07% of its portfolio. Ameriprise Fin holds 13.50M shares or 0.75% of its portfolio. Kentucky Retirement reported 116,328 shares. Fiera reported 0.17% of its portfolio in Chevron Corporation (NYSE:CVX). Mathes Incorporated has 0.3% invested in Chevron Corporation (NYSE:CVX). Mitsubishi Ufj Tru & reported 0.86% in Chevron Corporation (NYSE:CVX). Finemark Bankshares Trust reported 0.43% stake. Shoker Counsel Inc has invested 1.45% in Chevron Corporation (NYSE:CVX). Nomura Asset Mgmt Ltd invested in 0.76% or 502,075 shares. Gemmer Asset Management Ltd Liability Corporation holds 0.64% of its portfolio in Chevron Corporation (NYSE:CVX) for 14,214 shares. Vision Capital accumulated 3,694 shares. Whittier Tru Of Nevada accumulated 134,610 shares.

Among 17 analysts covering Spirit Realty Capital (NYSE:SRC), 8 have Buy rating, 0 Sell and 9 Hold. Therefore 47% are positive. Spirit Realty Capital had 47 analyst reports since July 23, 2015 according to SRatingsIntel. Sandler O’Neill upgraded Spirit Realty Capital, Inc. (NYSE:SRC) rating on Friday, May 5. Sandler O’Neill has “Buy” rating and $9 target. On Friday, August 7 the stock rating was maintained by Deutsche Bank with “Buy”. The firm has “Perform” rating given on Tuesday, January 5 by Oppenheimer. Ladenburg maintained the stock with “Hold” rating in Friday, July 21 report. Deutsche Bank maintained Spirit Realty Capital, Inc. (NYSE:SRC) on Friday, August 7 with “Buy” rating. The firm has “Buy” rating by UBS given on Wednesday, April 27. Robert W. Baird downgraded the shares of SRC in report on Thursday, January 7 to “Neutral” rating. Robert W. Baird upgraded the stock to “Outperform” rating in Monday, November 21 report. Mizuho upgraded the shares of SRC in report on Thursday, August 31 to “Buy” rating. The firm has “Outperform” rating by Robert W. Baird given on Friday, August 21.

Analysts await Spirit Realty Capital, Inc. (NYSE:SRC) to report earnings on February, 28. They expect $0.22 earnings per share, up 4.76% or $0.01 from last year’s $0.21 per share. SRC’s profit will be $100.30M for 9.20 P/E if the $0.22 EPS becomes a reality. After $0.23 actual earnings per share reported by Spirit Realty Capital, Inc. for the previous quarter, Wall Street now forecasts -4.35% negative EPS growth.

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