Greatmark Investment Partners Has Cut Chevron New Com (CVX) Stake; India Fund (IFN)’s Sentiment Is 1.89

September 2, 2018 - By Mary Bollinger

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India Fund Inc (IFN) investors sentiment increased to 1.89 in Q1 2018. It’s up 0.64, from 1.25 in 2017Q4. The ratio improved, as 34 investment professionals increased and started new positions, while 18 reduced and sold their holdings in India Fund Inc. The investment professionals in our database reported: 8.69 million shares, down from 9.11 million shares in 2017Q4. Also, the number of investment professionals holding India Fund Inc in top ten positions decreased from 1 to 0 for a decrease of 1. Sold All: 8 Reduced: 10 Increased: 24 New Position: 10.

Greatmark Investment Partners Inc decreased Chevron Corp New Com (CVX) stake by 13.17% reported in 2018Q1 SEC filing. Greatmark Investment Partners Inc sold 4,335 shares as Chevron Corp New Com (CVX)’s stock rose 6.62%. The Greatmark Investment Partners Inc holds 28,579 shares with $3.26 million value, down from 32,914 last quarter. Chevron Corp New Com now has $226.99 billion valuation. The stock decreased 1.13% or $1.35 during the last trading session, reaching $118.46. About 5.29M shares traded. Chevron Corporation (NYSE:CVX) has risen 16.25% since September 2, 2017 and is uptrending. It has outperformed by 3.68% the S&P500. Some Historical CVX News: 06/03/2018 – CHEVRON CEO WIRTH SPEAKS AT ANALYST DAY CONFERENCE; 23/04/2018 – Yahoo! UK: Exclusive – Arrested Chevron workers could face treason charge in Venezuela; 05/03/2018 – Yahoo! UK: Exclusive: Chevron in talks to sell stake in Canada LNG project; 09/03/2018 – SA’S COMPETITION TRIBUNAL- REBRANDING COSTS FOR PRIVATE SERVICE STATIONS AND 6 BLN RAND REFINERY UPGRADE SOME CONDITIONS IN APPROVED SINOPEC MERGER WITH CHEVRON SA; 13/04/2018 – CHEVRON CORP CVX.N : CREDIT SUISSE RAISES TARGET PRICE TO $129 FROM $123; 12/03/2018 – Chevron Phillips Chemical Successfully Starts New Ethane Cracker in Baytown, Texas; 26/03/2018 – Cal EMA Spills: SPILL Report – Chevron – 03/26/2018 01:03 PM; 06/03/2018 – Chevron Phillips Chemical Announces that Maricela Caballero will Succeed Greg Wagner as Vice President of Human Re; 30/05/2018 – Chevron Reports Strong Performance at Annual Stockholders Meeting; 25/05/2018 – Subtropical storm Alberto’s landfall expected early next week

City Of London Investment Management Co Ltd holds 2.9% of its portfolio in The India Fund, Inc. for 1.72 million shares. Private Harbour Investment Management & Counsel Llc owns 53,489 shares or 1.24% of their US portfolio. Moreover, Cornerstone Advisors Inc has 0.88% invested in the company for 299,172 shares. The California-based Van Hulzen Asset Management Llc has invested 0.28% in the stock. Sloane Robinson Llp, a United Kingdom-based fund reported 14,200 shares.

Another recent and important The India Fund, Inc. (NYSE:IFN) news was published by Benzinga.com which published an article titled: “The India Fund, Inc. Announces Performance Data And Portfolio Composition” on August 23, 2018.

The stock increased 1.43% or $0.36 during the last trading session, reaching $25.47. About 41,596 shares traded. The India Fund, Inc. (IFN) has risen 2.78% since September 2, 2017 and is uptrending. It has underperformed by 9.79% the S&P500.

Among 9 analysts covering Chevron (NYSE:CVX), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Chevron had 11 analyst reports since March 7, 2018 according to SRatingsIntel. The firm has “Hold” rating given on Friday, April 13 by RBC Capital Markets. The firm has “Buy” rating given on Wednesday, March 7 by DZ Bank. As per Monday, April 30, the company rating was maintained by Barclays Capital. Credit Suisse maintained Chevron Corporation (NYSE:CVX) rating on Wednesday, March 7. Credit Suisse has “Neutral” rating and $123 target. The rating was maintained by Piper Jaffray on Sunday, April 22 with “Buy”. On Wednesday, July 11 the stock rating was maintained by Barclays Capital with “Overweight”. Raymond James upgraded Chevron Corporation (NYSE:CVX) on Monday, June 18 to “Outperform” rating. On Monday, April 30 the stock rating was maintained by Credit Suisse with “Neutral”. The rating was downgraded by Macquarie Research to “Neutral” on Tuesday, July 3. The firm has “Outperform” rating given on Thursday, June 7 by Wells Fargo.

Greatmark Investment Partners Inc increased Qualcomm Inc Com (NASDAQ:QCOM) stake by 124,321 shares to 124,921 valued at $6.92M in 2018Q1. It also upped United Parcel Service Inc Cl B (NYSE:UPS) stake by 4,428 shares and now owns 58,419 shares. Target Corp Com (NYSE:TGT) was raised too.

Since April 17, 2018, it had 0 insider buys, and 10 selling transactions for $50.35 million activity. Shares for $3.31 million were sold by Pate R. Hewitt. $1.54M worth of Chevron Corporation (NYSE:CVX) shares were sold by Geagea Joseph C. Wirth Michael K also sold $16.64M worth of Chevron Corporation (NYSE:CVX) shares. JOHNSON JAMES WILLIAM sold $603,067 worth of Chevron Corporation (NYSE:CVX) on Thursday, June 14. 25,000 Chevron Corporation (NYSE:CVX) shares with value of $3.26 million were sold by Breber Pierre R. $17.55M worth of Chevron Corporation (NYSE:CVX) was sold by Yarrington Patricia E.

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on October, 26. They expect $2.28 EPS, up 121.36% or $1.25 from last year’s $1.03 per share. CVX’s profit will be $4.37 billion for 12.99 P/E if the $2.28 EPS becomes a reality. After $1.78 actual EPS reported by Chevron Corporation for the previous quarter, Wall Street now forecasts 28.09% EPS growth.

Chevron Corporation (NYSE:CVX) Institutional Positions Chart

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