Armstrong Shaw Associates Upped Chevron Corp. (CVX) Holding; Check Point Software Technologies Ltd. (CHKP) Covered By 6 Bulls

June 6, 2017 - By Linda Rogers

Armstrong Shaw Associates Inc increased Chevron Corp. (CVX) stake by 133.02% reported in 2016Q4 SEC filing. Armstrong Shaw Associates Inc acquired 72,573 shares as Chevron Corp. (CVX)’s stock declined 3.45%. The Armstrong Shaw Associates Inc holds 127,133 shares with $14.96M value, up from 54,560 last quarter. Chevron Corp. now has $193.32 billion valuation. The stock increased 0.08% or $0.08 during the last trading session, reaching $103.19. About shares traded. Chevron Corporation (NYSE:CVX) has risen 6.68% since June 6, 2016 and is uptrending. It has underperformed by 10.02% the S&P500.

Among 21 analysts covering Check Point Software Technologies Ltd. (NASDAQ:CHKP), 6 have Buy rating, 2 Sell and 13 Hold. Therefore 29% are positive. Check Point Software Technologies Ltd. had 31 analyst reports since September 10, 2015 according to SRatingsIntel. First Analysis upgraded it to “Overweight” rating and $116 target in Friday, January 20 report. The firm earned “Buy” rating on Tuesday, May 30 by Jefferies. The rating was initiated by Evercore with “Hold” on Tuesday, December 15. Deutsche Bank downgraded Check Point Software Technologies Ltd. (NASDAQ:CHKP) on Thursday, June 16 to “Hold” rating. On Tuesday, January 17 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm earned “Hold” rating on Monday, May 29 by RBC Capital Markets. As per Thursday, June 1, the company rating was maintained by BMO Capital Markets. The firm earned “Hold” rating on Tuesday, September 13 by Wunderlich. The firm has “Neutral” rating by Goldman Sachs given on Monday, March 21. On Monday, January 4 the stock rating was downgraded by Wells Fargo to “Market Perform”. See Check Point Software Technologies Ltd. (NASDAQ:CHKP) latest ratings:

01/06/2017 Broker: BMO Capital Markets Rating: Hold New Target: $117.0000 Maintain
30/05/2017 Broker: Jefferies Rating: Buy New Target: $126.0000 Maintain
29/05/2017 Broker: RBC Capital Markets Rating: Hold New Target: $105.0000 Maintain
14/03/2017 Broker: Monness Crespi & Hardt Rating: Neutral Initiates Coverage On
07/02/2017 Broker: BTIG Research Old Rating: Neutral New Rating: Buy Upgrade
20/01/2017 Broker: BMO Capital Markets Rating: Market Perform Old Target: $95.00 New Target: $110.00 Maintain
20/01/2017 Broker: First Analysis Old Rating: Equal-Weight New Rating: Overweight New Target: $116.00 Upgrade
18/01/2017 Broker: Jefferies Rating: Buy Old Target: $100.00 New Target: $118.00 Maintain
17/01/2017 Broker: RBC Capital Markets Rating: Sector Perform Old Target: $90.00 New Target: $96.00 Maintain
11/01/2017 Broker: Wells Fargo Rating: Outperform Initiate

Investors sentiment decreased to 0.99 in 2016 Q4. Its down 0.08, from 1.07 in 2016Q3. It is negative, as 55 investors sold CVX shares while 689 reduced holdings. 120 funds opened positions while 617 raised stakes. 1.17 billion shares or 3.12% more from 1.13 billion shares in 2016Q3 were reported. Gateway Inv Advisers Limited Co has invested 1.28% in Chevron Corporation (NYSE:CVX). Affinity Wealth Management has invested 0.13% of its portfolio in Chevron Corporation (NYSE:CVX). Gilman Hill Asset Mngmt reported 2.14% stake. 179,696 are held by Synovus Financial. Edge Asset Mngmt has invested 0.96% in Chevron Corporation (NYSE:CVX). White Pine Invest owns 35,381 shares or 2.25% of their US portfolio. Cap One Association reported 113,593 shares or 1% of all its holdings. Honeywell accumulated 542,600 shares. Aberdeen Asset Public Ltd Liability Corp Uk holds 1.66 million shares or 0.75% of its portfolio. Peak Asset Ltd Com invested in 0.18% or 3,862 shares. Liberty Capital Management Inc reported 13,996 shares or 1.05% of all its holdings. Jnba Financial Advisors has 0.15% invested in Chevron Corporation (NYSE:CVX) for 5,301 shares. 1,708 were accumulated by Stratford Consulting Lc. Graham Cap Mgmt Limited Partnership holds 0.04% in Chevron Corporation (NYSE:CVX) or 8,400 shares. Bank & Trust reported 1.25% stake.

Armstrong Shaw Associates Inc decreased Wells Fargo & Co. (NYSE:WFC) stake by 9,770 shares to 240,202 valued at $13.24 million in 2016Q4. It also reduced American International Group (NYSE:AIG) stake by 5,743 shares and now owns 147,761 shares. Microsoft Corp. (NASDAQ:MSFT) was reduced too.

Since December 8, 2016, it had 0 buys, and 2 sales for $18.82 million activity. Breber Pierre R sold $1.15 million worth of Chevron Corporation (NYSE:CVX) on Thursday, December 8. On Monday, March 13 the insider WATSON JOHN S sold $13.79M.

Among 31 analysts covering Chevron Corporation (NYSE:CVX), 22 have Buy rating, 1 Sell and 8 Hold. Therefore 71% are positive. Chevron Corporation had 61 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating by Citigroup given on Wednesday, December 2. The firm has “Outperform” rating by Macquarie Research given on Thursday, December 15. The stock has “Buy” rating by Bank of America on Wednesday, January 4. Tudor Pickering upgraded the stock to “Accumulate” rating in Monday, September 21 report. The stock of Chevron Corporation (NYSE:CVX) earned “Neutral” rating by Credit Suisse on Wednesday, March 9. The firm has “Buy” rating given on Tuesday, November 3 by Evercore. The stock of Chevron Corporation (NYSE:CVX) earned “Buy” rating by Goldman Sachs on Monday, October 31. The firm earned “Neutral” rating on Monday, August 3 by UBS. RBC Capital Markets maintained it with “Hold” rating and $114 target in Friday, March 24 report. The stock of Chevron Corporation (NYSE:CVX) earned “Neutral” rating by Goldman Sachs on Friday, March 11.

Check Point Software Technologies Ltd. develops, markets and supports a range of services and products for information technology (IT) security. The company has market cap of $19.05 billion. The Company’s services and products are sold to enterprises, service providers, small and medium sized businesses and consumers. It has a 26.22 P/E ratio. It offers enterprises a platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis or multi-domain management.