Wills Financial Group Has Cut By $409,875 Its Chevron New (CVX) Stake; 8X8 (EGHT) Sentiment Is 0.91

May 21, 2018 - By Clifton Ray

8x8, Inc. (NYSE:EGHT) Logo

8X8 Inc (EGHT) investors sentiment decreased to 0.91 in Q4 2017. It’s down -0.15, from 1.06 in 2017Q3. The ratio fall, as 70 investment professionals started new and increased equity positions, while 77 decreased and sold stock positions in 8X8 Inc. The investment professionals in our database now own: 60.69 million shares, up from 58.47 million shares in 2017Q3. Also, the number of investment professionals holding 8X8 Inc in top ten equity positions increased from 0 to 1 for an increase of 1. Sold All: 26 Reduced: 51 Increased: 46 New Position: 24.

Wills Financial Group Inc decreased Chevron Corp New (CVX) stake by 16.71% reported in 2017Q4 SEC filing. Wills Financial Group Inc sold 3,279 shares as Chevron Corp New (CVX)’s stock declined 8.26%. The Wills Financial Group Inc holds 16,342 shares with $2.05 million value, down from 19,621 last quarter. Chevron Corp New now has $247.20B valuation. The stock increased 1.17% or $1.5 during the last trading session, reaching $129.36. About 3.89 million shares traded. Chevron Corporation (NYSE:CVX) has risen 7.88% since May 21, 2017 and is uptrending. It has underperformed by 3.67% the S&P500.

Since April 17, 2018, it had 0 insider purchases, and 8 selling transactions for $48.52 million activity. Pate R. Hewitt also sold $3.31M worth of Chevron Corporation (NYSE:CVX) on Wednesday, May 9. Geagea Joseph C sold 12,000 shares worth $1.54M. On Monday, May 7 Wirth Michael K sold $16.64 million worth of Chevron Corporation (NYSE:CVX) or 130,000 shares. $17.55M worth of Chevron Corporation (NYSE:CVX) shares were sold by Yarrington Patricia E. Breber Pierre R had sold 25,000 shares worth $3.26M on Monday, May 14.

More notable recent Chevron Corporation (NYSE:CVX) news were published by: Seekingalpha.com which released: “Chevron: A Dividend Stock I’ll Never Buy” on May 17, 2018, also Seekingalpha.com with their article: “Chevron Impresses In The Permian” published on May 11, 2018, Bizjournals.com published: “General Electric drops again on Fortune 500 list” on May 21, 2018. More interesting news about Chevron Corporation (NYSE:CVX) were released by: Investorplace.com and their article: “Use Cautious Optimism With Chevron Corporation Stock Right Now” published on May 15, 2018 as well as Seekingalpha.com‘s news article titled: “Bloomberg: Glencore near $1B purchase of Chevron Southern Africa assets” with publication date: May 21, 2018.

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on July, 27. They expect $1.87 earnings per share, up 105.49% or $0.96 from last year’s $0.91 per share. CVX’s profit will be $3.57B for 17.29 P/E if the $1.87 EPS becomes a reality. After $1.90 actual earnings per share reported by Chevron Corporation for the previous quarter, Wall Street now forecasts -1.58% negative EPS growth.

Among 35 analysts covering Chevron Corporation (NYSE:CVX), 26 have Buy rating, 0 Sell and 9 Hold. Therefore 74% are positive. Chevron Corporation had 122 analyst reports since August 4, 2015 according to SRatingsIntel. Macquarie Research upgraded the shares of CVX in report on Thursday, December 15 to “Outperform” rating. The rating was maintained by RBC Capital Markets with “Sell” on Tuesday, November 7. Jefferies maintained the stock with “Buy” rating in Monday, July 11 report. The stock of Chevron Corporation (NYSE:CVX) has “Neutral” rating given on Monday, February 5 by Credit Suisse. Barclays Capital maintained Chevron Corporation (NYSE:CVX) on Tuesday, January 12 with “Equal Weight” rating. On Tuesday, November 1 the stock rating was upgraded by Morgan Stanley to “Overweight”. The company was maintained on Tuesday, September 19 by RBC Capital Markets. RBC Capital Markets upgraded the stock to “Sector Perform” rating in Friday, February 9 report. Credit Suisse maintained the shares of CVX in report on Wednesday, March 7 with “Neutral” rating. As per Wednesday, December 16, the company rating was upgraded by Argus Research.

Investors sentiment increased to 0.99 in Q4 2017. Its up 0.04, from 0.95 in 2017Q3. It improved, 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. Patten Patten Tn holds 0.9% or 71,890 shares. Mitsubishi Ufj Bk has invested 0.87% of its portfolio in Chevron Corporation (NYSE:CVX). Cape Ann Savings Bank holds 1.87% or 11,827 shares. Nuwave Inv Management Limited Liability Company stated it has 0.88% in Chevron Corporation (NYSE:CVX). New York-based Gamco Investors Et Al has invested 0.04% in Chevron Corporation (NYSE:CVX). Sumitomo Mitsui Tru stated it has 5.88 million shares or 0.95% of all its holdings. Capwealth Advsrs Ltd Liability Corp has 1.22% invested in Chevron Corporation (NYSE:CVX) for 54,158 shares. Tompkins Finance holds 7,019 shares. Cap Invest Advsr Limited Liability invested 0.42% of its portfolio in Chevron Corporation (NYSE:CVX). Sns Fin Gru Limited Company accumulated 5,830 shares or 0.18% of the stock. Ramsay Stattman Vela & Price has invested 0.36% in Chevron Corporation (NYSE:CVX). Cincinnati Fin Corp invested in 199,000 shares. Adirondack holds 1.07% of its portfolio in Chevron Corporation (NYSE:CVX) for 11,732 shares. Nippon Life Americas holds 1.81% of its portfolio in Chevron Corporation (NYSE:CVX) for 181,260 shares. 2,335 are held by Haverford Fin Inc.

The stock increased 2.03% or $0.45 during the last trading session, reaching $22.6. About 381,089 shares traded. 8×8, Inc. (EGHT) has risen 26.60% since May 21, 2017 and is uptrending. It has outperformed by 15.05% the S&P500.

Analysts await 8×8, Inc. (NYSE:EGHT) to report earnings on May, 24 after the close. They expect $-0.05 EPS, down 400.00% or $0.04 from last year’s $-0.01 per share. After $-0.07 actual EPS reported by 8×8, Inc. for the previous quarter, Wall Street now forecasts -28.57% EPS growth.

12 West Capital Management Lp holds 2.81% of its portfolio in 8×8, Inc. for 1.65 million shares. Kopp Investment Advisors Llc owns 145,350 shares or 2.05% of their US portfolio. Moreover, Southpoint Capital Advisors Lp has 1.34% invested in the company for 2.00 million shares. The New York-based Shannon River Fund Management Llc has invested 1.17% in the stock. Stephens Investment Management Group Llc, a Texas-based fund reported 1.98 million shares.

Ratings analysis reveals 0 of 8×8’s analysts are positive. Out of 2 Wall Street analysts rating 8×8, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $15.0 while the high is $17.0. The stock’s average target of $16 is -29.20% below today’s ($22.6) share price. EGHT was included in 2 notes of analysts from August 26, 2016. Morgan Stanley initiated the stock with “Equal-Weight” rating in Tuesday, April 11 report. The firm has “Neutral” rating by Robert W. Baird given on Friday, August 26.

More news for 8×8, Inc. (NYSE:EGHT) were recently published by: Streetinsider.com, which released: “8×8, Inc. (EGHT) Announces Acquisition of MarianaIQ” on May 15, 2018. Businesswire.com‘s article titled: “8×8 Grants New Employee Inducement Awards Pursuant to NYSE Rule 303A.08” and published on April 26, 2018 is yet another important article.

8×8, Inc. provides cloud-based, enterprise-class software solutions for small and medium businesses, mid-market, and distributed enterprises worldwide. The company has market cap of $2.08 billion. The firm operates in two divisions, Americas and Europe. It currently has negative earnings. The companyÂ’s pure-cloud offering combines voice, conferencing, messaging, and video with integrated workflows and big data analytics on a single platform.

Since January 1, 0001, it had 0 buys, and 3 selling transactions for $2.12 million activity.

8x8, Inc. (NYSE:EGHT) Institutional Positions Chart

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