Chevron (CVX) Shareholder Amica Pension Fund Board Of Trustees Has Boosted Its Stake by $4.27 Million as Stock Price Declined; Oracle (ORCL) Stake Held by Pacific Global Investment Management Company

April 17, 2018 - By Marguerite Chambers

Chevron Corporation (NYSE:CVX) Logo

Pacific Global Investment Management Company increased its stake in Oracle Corp (ORCL) by 19.12% based on its latest 2017Q4 regulatory filing with the SEC. Pacific Global Investment Management Company bought 8,957 shares as the company’s stock declined 4.18% with the market. The institutional investor held 55,798 shares of the prepackaged software company at the end of 2017Q4, valued at $2.64 million, up from 46,841 at the end of the previous reported quarter. Pacific Global Investment Management Company who had been investing in Oracle Corp for a number of months, seems to be bullish on the $190.83B market cap company. The stock increased 1.51% or $0.695 during the last trading session, reaching $46.745. About 6.05M shares traded. Oracle Corporation (NYSE:ORCL) has risen 1.20% since April 17, 2017 and is uptrending. It has underperformed by 10.35% the S&P500.

Amica Pension Fund Board Of Trustees increased its stake in Chevron Corporation (CVX) by 101.35% based on its latest 2017Q4 regulatory filing with the SEC. Amica Pension Fund Board Of Trustees bought 34,190 shares as the company’s stock declined 8.26% with the market. The institutional investor held 67,926 shares of the integrated oil company at the end of 2017Q4, valued at $8.50M, up from 33,736 at the end of the previous reported quarter. Amica Pension Fund Board Of Trustees who had been investing in Chevron Corporation for a number of months, seems to be bullish on the $232.02 billion market cap company. The stock increased 0.63% or $0.76 during the last trading session, reaching $121.46. About 2.56M shares traded. Chevron Corporation (NYSE:CVX) has risen 7.88% since April 17, 2017 and is uptrending. It has underperformed by 3.67% the S&P500.

Among 35 analysts covering Chevron Corporation (NYSE:CVX), 26 have Buy rating, 0 Sell and 9 Hold. Therefore 74% are positive. Chevron Corporation had 119 analyst reports since August 4, 2015 according to SRatingsIntel. Piper Jaffray maintained the stock with “Buy” rating in Monday, February 5 report. The firm has “Buy” rating by Macquarie Research given on Tuesday, October 17. The firm has “Buy” rating given on Tuesday, February 6 by Wells Fargo. The rating was upgraded by HSBC to “Buy” on Monday, June 5. On Wednesday, December 16 the stock rating was upgraded by Argus Research to “Buy”. BMO Capital Markets maintained the shares of CVX in report on Friday, September 22 with “Buy” rating. The stock of Chevron Corporation (NYSE:CVX) has “Hold” rating given on Thursday, January 4 by Bank of America. The firm has “Underperform” rating by BNP Paribas given on Friday, May 26. Goldman Sachs maintained the stock with “Neutral” rating in Friday, March 18 report. The firm has “Buy” rating given on Wednesday, December 20 by Jefferies.

Amica Pension Fund Board Of Trustees, which manages about $869.59 million US Long portfolio, decreased its stake in Amerisourcebergen Corporation (NYSE:ABC) by 6,727 shares to 5,798 shares, valued at $532,000 in 2017Q4, according to the filing. It also reduced its holding in Mondelez International Inc (NASDAQ:MDLZ) by 12,304 shares in the quarter, leaving it with 52,880 shares, and cut its stake in Phillips 66 (NYSE:PSX).

Investors sentiment increased to 0.99 in 2017 Q4. Its up 0.04, from 0.95 in 2017Q3. It is positive, 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. 19,215 were accumulated by Somerset Grp Ltd Limited Liability Company. White Pine Invest invested 2.12% in Chevron Corporation (NYSE:CVX). Klingenstein Fields And Ltd Liability Corporation holds 0.4% or 85,908 shares in its portfolio. 20,006 were accumulated by Virtu Limited Liability Company. Horizon Kinetics Limited Liability Corp invested in 0.05% or 13,641 shares. Transamerica Financial Advisors Inc accumulated 4,472 shares. Mitchell Sinkler Starr Pa stated it has 14,166 shares. 366,473 are held by Rnc Cap Management Limited Liability Company. Howard Cap Management has invested 2.55% in Chevron Corporation (NYSE:CVX). Coastline Trust holds 31,144 shares or 0.59% of its portfolio. Buckhead Management owns 49,368 shares or 1.32% of their US portfolio. Asset Management holds 0.73% or 174,059 shares. Silvercrest Asset Management Group Inc Limited Liability Corporation has 0.85% invested in Chevron Corporation (NYSE:CVX) for 729,238 shares. Checchi Advisers Limited Liability Co stated it has 19,980 shares or 0.34% of all its holdings. Hm Payson And Communications owns 174,366 shares.

Among 42 analysts covering Oracle (NYSE:ORCL), 27 have Buy rating, 0 Sell and 15 Hold. Therefore 64% are positive. Oracle had 115 analyst reports since July 30, 2015 according to SRatingsIntel. UBS maintained it with “Buy” rating and $5200 target in Thursday, June 22 report. The rating was upgraded by Evercore on Wednesday, January 6 to “Buy”. The stock has “Buy” rating by Canaccord Genuity on Wednesday, June 21. The rating was maintained by BMO Capital Markets with “Outperform” on Friday, September 16. Goldman Sachs maintained it with “Buy” rating and $48 target in Wednesday, March 16 report. The rating was upgraded by Goldman Sachs to “Conviction Buy” on Monday, November 16. Credit Suisse maintained Oracle Corporation (NYSE:ORCL) rating on Thursday, October 12. Credit Suisse has “Buy” rating and $62.0 target. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, December 17 report. The stock has “Outperform” rating by Credit Suisse on Tuesday, March 20. The company was maintained on Friday, August 25 by RBC Capital Markets.

Pacific Global Investment Management Company, which manages about $700.64 million and $460.76 million US Long portfolio, decreased its stake in Hibbett Sports Inc (NASDAQ:HIBB) by 36,740 shares to 29,312 shares, valued at $598,000 in 2017Q4, according to the filing. It also reduced its holding in Genesee & Wyoming Inc (A) (NYSE:GWR) by 6,910 shares in the quarter, leaving it with 72,620 shares, and cut its stake in Mobile Mini Inc (NASDAQ:MINI).

Oracle Corporation (NYSE:ORCL) Institutional Positions Chart

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