Bronson Point Management Cut Its Twitter (TWTR) Position by $800,000; Share Value Rose; As Chevron (CVX) Share Price Declined, Aviance Capital Management Increased Position

February 15, 2018 - By Adrian Mccoy

Larry Foley decreased its stake in Twitter Inc (TWTR) by 50% based on its latest 2017Q3 regulatory filing with the SEC. Bronson Point Management Llc sold 50,000 shares as the company’s stock rose 10.41% with the market. The hedge fund run by Larry Foley held 50,000 shares of the technology company at the end of 2017Q3, valued at $844,000, down from 100,000 at the end of the previous reported quarter. Bronson Point Management Llc who had been investing in Twitter Inc for a number of months, seems to be less bullish one the $24.72B market cap company. The stock decreased 0.98% or $0.33 during the last trading session, reaching $33.42. About 16.27M shares traded. Twitter, Inc. (NYSE:TWTR) has risen 29.68% since February 15, 2017 and is uptrending. It has outperformed by 12.98% the S&P500.

Aviance Capital Management Llc increased its stake in Chevron Corp (CVX) by 80.35% based on its latest 2017Q3 regulatory filing with the SEC. Aviance Capital Management Llc bought 90,120 shares as the company’s stock declined 3.45% while stock markets rallied. The institutional investor held 202,274 shares of the integrated oil company at the end of 2017Q3, valued at $23.77 million, up from 112,154 at the end of the previous reported quarter. Aviance Capital Management Llc who had been investing in Chevron Corp for a number of months, seems to be bullish on the $211.54 billion market cap company. The stock decreased 1.01% or $1.14 during the last trading session, reaching $111.37. About 1.92M shares traded. Chevron Corporation (NYSE:CVX) has risen 6.68% since February 15, 2017 and is uptrending. It has underperformed by 10.02% the S&P500.

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.08, from 1.03 in 2017Q2. It is negative, 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. Reilly Herbert Faulkner Iii invested 2.07% in Chevron Corporation (NYSE:CVX). Mcrae Capital stated it has 3,906 shares. Founders Ltd Liability holds 3.1% or 55,951 shares in its portfolio. Laurel Grove Cap Limited Co has invested 1.11% in Chevron Corporation (NYSE:CVX). Carret Asset Ltd Limited Liability Company owns 1.79% invested in Chevron Corporation (NYSE:CVX) for 94,633 shares. Sigma Inv Counselors Inc holds 20,996 shares or 0.35% of its portfolio. Godsey Gibb Associates holds 2.22% in Chevron Corporation (NYSE:CVX) or 110,809 shares. Coastline Tru holds 28,114 shares or 0.58% of its portfolio. 134,610 are owned by Whittier Tru Of Nevada. Pure Advisors accumulated 2,877 shares or 0.09% of the stock. The Massachusetts-based Mayo Invest Advisers Limited Company has invested 0.11% in Chevron Corporation (NYSE:CVX). Canada Pension Plan Invest Board reported 1.41M shares. Daiwa Sb Investments Limited accumulated 1,400 shares or 0.04% of the stock. Seizert Capital Ptnrs Limited Liability Co holds 1,929 shares or 0.01% of its portfolio. One Mgmt Ltd Liability Corporation holds 24,055 shares or 0.59% of its portfolio.

Among 34 analysts covering Chevron Corporation (NYSE:CVX), 24 have Buy rating, 0 Sell and 10 Hold. Therefore 71% are positive. Chevron Corporation had 114 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Chevron Corporation (NYSE:CVX) earned “Buy” rating by BMO Capital Markets on Thursday, June 22. The firm has “Buy” rating given on Thursday, December 1 by Independent Research. The stock has “Buy” rating by Jefferies on Wednesday, April 12. The company was downgraded on Tuesday, August 4 by S&P Research. The firm earned “Buy” rating on Thursday, September 28 by Piper Jaffray. BNP Paribas downgraded the shares of CVX in report on Friday, May 26 to “Underperform” rating. UBS maintained the stock with “Neutral” rating in Monday, August 3 report. The firm has “Peer Perform” rating by Wolfe Research given on Tuesday, September 29. Credit Suisse maintained Chevron Corporation (NYSE:CVX) on Wednesday, March 9 with “Neutral” rating. The firm has “Buy” rating given on Thursday, October 19 by Jefferies.

Aviance Capital Management Llc, which manages about $2.20 billion and $1.45 billion US Long portfolio, decreased its stake in Ishares Core S&P 500 (IVV) by 58,101 shares to 164,788 shares, valued at $41.68M in 2017Q3, according to the filing. It also reduced its holding in Guggenheim Bulletshrs 2017 Corp Bd Etf (BSCH) by 32,296 shares in the quarter, leaving it with 251,558 shares, and cut its stake in Vodafone Group Plc Adr (NASDAQ:VOD).

Since August 16, 2017, it had 0 buys, and 1 insider sale for $3.06 million activity. Pate R. Hewitt also sold $3.06 million worth of Chevron Corporation (NYSE:CVX) on Monday, October 16.

Among 54 analysts covering Twitter (NYSE:TWTR), 10 have Buy rating, 14 Sell and 30 Hold. Therefore 19% are positive. Twitter had 224 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was upgraded by OTR Global on Thursday, July 13 to “Mixed”. The firm earned “Buy” rating on Wednesday, February 8 by BTIG Research. The firm earned “Buy” rating on Thursday, February 8 by Aegis Capital. Morgan Stanley maintained Twitter, Inc. (NYSE:TWTR) rating on Wednesday, July 27. Morgan Stanley has “Underweight” rating and $13.25 target. The firm has “Underperform” rating given on Wednesday, April 27 by Bank of America. Canaccord Genuity maintained Twitter, Inc. (NYSE:TWTR) rating on Wednesday, February 7. Canaccord Genuity has “Hold” rating and $21.0 target. Moffett Nathanson initiated Twitter, Inc. (NYSE:TWTR) on Tuesday, September 8 with “Neutral” rating. Barclays Capital maintained Twitter, Inc. (NYSE:TWTR) on Thursday, February 11 with “Equal-Weight” rating. The firm has “Sell” rating given on Thursday, August 18 by Evercore. As per Wednesday, July 29, the company rating was maintained by Canaccord Genuity.

Bronson Point Management Llc, which manages about $1.86B and $311.05M US Long portfolio, upped its stake in Golar Lng Ltd Bermuda (NASDAQ:GLNG) by 140,000 shares to 225,000 shares, valued at $5.09 million in 2017Q3, according to the filing. It also increased its holding in Hi (NYSE:HCLP) by 300,000 shares in the quarter, for a total of 825,000 shares, and has risen its stake in Buffalo Wild Wings Inc (NASDAQ:BWLD).

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