W.W. Grainger (GWW) Holder Eads & Heald Investment Counsel Raised Position; Petroleum & Resources Has Cut Position in Chevron Corp. (CVX) by $6.03 Million as Share Value Declined

January 14, 2018 - By Marie Mckinney

Eads & Heald Investment Counsel increased its stake in W.W. Grainger (GWW) by 24.46% based on its latest 2017Q3 regulatory filing with the SEC. Eads & Heald Investment Counsel bought 1,864 shares as the company’s stock declined 31.42% while stock markets rallied. The institutional investor held 9,484 shares of the consumer services company at the end of 2017Q3, valued at $1.71 million, up from 7,620 at the end of the previous reported quarter. Eads & Heald Investment Counsel who had been investing in W.W. Grainger for a number of months, seems to be bullish on the $13.43 billion market cap company. The stock decreased 0.86% or $2.05 during the last trading session, reaching $235.67. About 932,861 shares traded. W.W. Grainger, Inc. (NYSE:GWW) has declined 21.15% since January 14, 2017 and is downtrending. It has underperformed by 37.85% the S&P500.

Petroleum & Resources Corp decreased its stake in Chevron Corp. (CVX) by 8.63% based on its latest 2017Q3 regulatory filing with the SEC. Petroleum & Resources Corp sold 51,500 shares as the company’s stock declined 3.45% while stock markets rallied. The institutional investor held 545,300 shares of the integrated oil company at the end of 2017Q3, valued at $64.07M, down from 596,800 at the end of the previous reported quarter. Petroleum & Resources Corp who had been investing in Chevron Corp. for a number of months, seems to be less bullish one the $253.76B 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 EPS, 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 EPS 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 stock has “Outperform” rating by Cowen & Co on Tuesday, December 15. Vetr downgraded it to “Strong-Buy” rating and $82.46 target in Friday, August 28 report. S&P Research downgraded Chevron Corporation (NYSE:CVX) on Tuesday, August 4 to “Hold” rating. Jefferies maintained the stock with “Buy” rating in Monday, July 11 report. On Tuesday, October 3 the stock rating was maintained by Bank of America with “Buy”. The firm has “Underperform” rating given on Friday, May 26 by BNP Paribas. The company was maintained on Tuesday, October 24 by Cowen & Co. The stock of Chevron Corporation (NYSE:CVX) earned “Overweight” rating by Morgan Stanley on Tuesday, November 1. The stock of Chevron Corporation (NYSE:CVX) earned “Neutral” rating by Simmons & Co on Thursday, January 21. The stock has “Outperform” rating by BMO Capital Markets on Tuesday, September 13.

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.08, from 1.03 in 2017Q2. It worsened, 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. Butensky And Cohen Fincl Security owns 1.94% invested in Chevron Corporation (NYSE:CVX) for 18,581 shares. Gw Henssler & Assoc Ltd holds 1.51% or 127,793 shares in its portfolio. Linscomb & Williams has 52,510 shares for 0.53% of their portfolio. 314,775 are held by Cullen Frost Bankers. Murphy Cap Mngmt invested in 50,444 shares or 0.85% of the stock. Moreover, Minneapolis Mgmt Group Inc Ltd Liability Corp has 3.17% invested in Chevron Corporation (NYSE:CVX). 186,250 were accumulated by Foundation Resource. Cetera Advisor Net Limited Com holds 1.88% of its portfolio in Chevron Corporation (NYSE:CVX) for 351,789 shares. Barr E S invested in 17,277 shares or 0.22% of the stock. Addison Capital Company holds 4,149 shares. Papp L Roy And Assocs has 2.21% invested in Chevron Corporation (NYSE:CVX) for 87,139 shares. Tci Wealth Advsr holds 2.39% in Chevron Corporation (NYSE:CVX) or 41,502 shares. Brookfield Asset Mngmt has invested 0.03% of its portfolio in Chevron Corporation (NYSE:CVX). Toth Financial Advisory holds 2,931 shares or 0.09% of its portfolio. Lederer And Associates Inv Counsel Ca accumulated 2.1% or 18,730 shares.

Since August 1, 2017, it had 0 buys, and 4 selling transactions for $11.07 million activity. The insider Pate R. Hewitt sold 25,500 shares worth $3.06 million. Deily Linnet F sold $248,274 worth of Chevron Corporation (NYSE:CVX) on Wednesday, August 16. Yarrington Patricia E had sold 39,000 shares worth $4.33 million.

Since October 20, 2017, it had 0 insider purchases, and 2 selling transactions for $109,569 activity. Another trade for 190 shares valued at $39,569 was sold by Tapia Eric R.

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