Cutler Investment Counsel Has Decreased Chevron New Com (CVX) Stake as Valuation Declined; Tcf Finl (TCB) Shareholder Menta Capital Increased Its Stake

April 21, 2018 - By Michael Collier

Chevron Corporation (NYSE:CVX) Logo

Cutler Investment Counsel Llc decreased its stake in Chevron Corp New Com (CVX) by 9.64% based on its latest 2017Q4 regulatory filing with the SEC. Cutler Investment Counsel Llc sold 9,939 shares as the company’s stock declined 8.26% with the market. The institutional investor held 93,201 shares of the integrated oil company at the end of 2017Q4, valued at $11.67M, down from 103,140 at the end of the previous reported quarter. Cutler Investment Counsel Llc who had been investing in Chevron Corp New Com for a number of months, seems to be less bullish one the $233.64 billion market cap company. The stock decreased 1.13% or $1.4 during the last trading session, reaching $122.31. About 7.56M shares traded or 1.79% up from the average. Chevron Corporation (NYSE:CVX) has risen 7.88% since April 21, 2017 and is uptrending. It has underperformed by 3.67% the S&P500.

Menta Capital Llc increased its stake in Tcf Finl Corp (TCB) by 29.04% based on its latest 2017Q4 regulatory filing with the SEC. Menta Capital Llc bought 18,101 shares as the company’s stock 0.00% . The hedge fund held 80,431 shares of the major banks company at the end of 2017Q4, valued at $1.65 million, up from 62,330 at the end of the previous reported quarter. Menta Capital Llc who had been investing in Tcf Finl Corp for a number of months, seems to be bullish on the $ market cap company. The stock decreased 0.00% or $0.11 during the last trading session, reaching $16.86. About 901,490 shares traded or Infinity% up from the average. TCF Financial Corporation (NYSE:TCB) has 0.00% since April 21, 2017 and is . It has underperformed by 11.55% the S&P500.

Among 8 analysts covering TCF Financial (NYSE:TCB), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 25% are positive. TCF Financial had 14 analyst reports since August 26, 2015 according to SRatingsIntel. The stock of TCF Financial Corporation (NYSE:TCB) earned “Overweight” rating by Barclays Capital on Friday, October 9. On Friday, January 29 the stock rating was maintained by RBC Capital Markets with “Outperform”. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, January 30 report. JMP Securities initiated the stock with “Hold” rating in Thursday, August 31 report. The company was maintained on Tuesday, September 1 by Compass Point. Deutsche Bank downgraded TCF Financial Corporation (NYSE:TCB) on Friday, January 20 to “Hold” rating. The rating was maintained by FBR Capital with “Mkt Perform” on Monday, January 30. On Tuesday, February 9 the stock rating was upgraded by Compass Point to “Neutral”. FBR Capital maintained the shares of TCB in report on Saturday, September 5 with “Outperform” rating.

Menta Capital Llc, which manages about $2.11 billion and $514.20M US Long portfolio, decreased its stake in Career Education Corp (NASDAQ:CECO) by 141,113 shares to 81,423 shares, valued at $984,000 in 2017Q4, according to the filing. It also reduced its holding in Steelcase Inc (NYSE:SCS) by 139,153 shares in the quarter, leaving it with 53,372 shares, and cut its stake in Bazaarvoice Inc (NASDAQ:BV).

Since December 13, 2017, it had 0 insider buys, and 1 insider sale for $307,965 activity.

Investors sentiment decreased to 1.14 in Q4 2017. Its down 0.08, from 1.22 in 2017Q3. It dived, as 25 investors sold TCB shares while 76 reduced holdings. 39 funds opened positions while 76 raised stakes. 138.20 million shares or 0.19% less from 138.46 million shares in 2017Q3 were reported. Wellington Group Llp, a Massachusetts-based fund reported 133,353 shares. James Research stated it has 12,215 shares or 0.01% of all its holdings. Grantham Mayo Van Otterloo And Ltd Llc stated it has 0% of its portfolio in TCF Financial Corporation (NYSE:TCB). Jacobs Asset Mgmt Ltd Liability reported 2.58% stake. Shell Asset Mgmt, a Netherlands-based fund reported 49,660 shares. 14.19M were reported by Blackrock Inc. Van Berkom & Assoc Inc holds 1.88% of its portfolio in TCF Financial Corporation (NYSE:TCB) for 2.82 million shares. 96 are held by Point72 Asia (Hong Kong) Limited. Pzena Invest Mgmt Ltd Com reported 0.14% stake. Congress Asset Ma holds 122,889 shares. Illinois-based Oakbrook Investments Lc has invested 0.02% in TCF Financial Corporation (NYSE:TCB). Bnp Paribas Arbitrage Sa accumulated 853,089 shares or 0.03% of the stock. Cubist Systematic Strategies owns 55,090 shares or 0.06% of their US portfolio. Gsa Cap Partners Ltd Liability Partnership invested in 24,244 shares or 0.03% of the stock. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Mngmt Corporation has invested 0.01% in TCF Financial Corporation (NYSE:TCB).

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on April, 27 before the open. They expect $1.48 EPS, up 4.96% or $0.07 from last year’s $1.41 per share. CVX’s profit will be $2.83 billion for 20.66 P/E if the $1.48 EPS becomes a reality. After $0.73 actual EPS reported by Chevron Corporation for the previous quarter, Wall Street now forecasts 102.74% EPS growth.

Investors sentiment increased to 0.99 in Q4 2017. 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. Provident Trust invested in 0.01% or 2,600 shares. 42,217 are owned by Private Tru Na. Westpac holds 0.35% or 121,677 shares. South Texas Money Mgmt accumulated 354,138 shares. Korea Inv invested 0.93% in Chevron Corporation (NYSE:CVX). 17,500 were reported by Walter And Keenan Consulting Mi Adv. Welch Group Lc holds 178,912 shares. Hilltop holds 0.42% or 14,981 shares in its portfolio. Dixon Hubard Feinour Brown Va owns 0.62% invested in Chevron Corporation (NYSE:CVX) for 18,156 shares. Adirondack reported 11,732 shares. Caprock Group holds 14,241 shares. Moreover, Citizens And Northern has 1.19% invested in Chevron Corporation (NYSE:CVX). Paloma Prns Management has 0.14% invested in Chevron Corporation (NYSE:CVX) for 83,248 shares. Compton Cap Ri owns 21,183 shares or 1.13% of their US portfolio. Hutchinson Capital Mngmt Ca has invested 0.87% of its portfolio in Chevron Corporation (NYSE:CVX).

Cutler Investment Counsel Llc, which manages about $1.04B and $516.96M US Long portfolio, upped its stake in Powershares Global Etf Trust E (PDN) by 60,039 shares to 204,120 shares, valued at $7.02M in 2017Q4, according to the filing. It also increased its holding in Vanguard Index Fds Mid Cap Etf (VO) by 33,083 shares in the quarter, for a total of 123,132 shares, and has risen its stake in Ishares Int’l Equity (IEFA).

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. The company was upgraded on Tuesday, November 1 by Morgan Stanley. The stock has “Buy” rating by BMO Capital Markets on Friday, September 22. Macquarie Research downgraded Chevron Corporation (NYSE:CVX) on Wednesday, June 21 to “Neutral” rating. BNP Paribas upgraded the shares of CVX in report on Monday, August 7 to “Hold” rating. RBC Capital Markets maintained it with “Sell” rating and $100.0 target in Tuesday, September 19 report. The stock of Chevron Corporation (NYSE:CVX) earned “Buy” rating by Jefferies on Monday, February 5. The firm has “Buy” rating by Bank of America given on Wednesday, February 28. The firm has “Buy” rating given on Thursday, December 1 by Independent Research. The rating was maintained by Credit Suisse on Monday, February 5 with “Neutral”. The stock has “Buy” rating by Macquarie Research on Tuesday, October 17.

Since April 17, 2018, it had 0 insider purchases, and 1 insider sale for $3.11 million activity.

Chevron Corporation (NYSE:CVX) Institutional Positions Chart

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