Holder Fjarde Ap-Fonden Fourth Swedish National Pension Fund Has Lifted Chevron New (CVX) Stake; Pinnacle Advisory Group Decreased Stake in Veeco Instrs Del (VECO) as Market Valuation Rose

December 25, 2017 - By Evgen Dobrzhanskiy

Fjarde Ap-Fonden Fourth Swedish National Pension Fund increased its stake in Chevron Corp New (CVX) by 2.17% based on its latest 2017Q3 regulatory filing with the SEC. Fjarde Ap-Fonden Fourth Swedish National Pension Fund bought 9,694 shares as the company’s stock declined 3.45% while stock markets rallied. The institutional investor held 456,931 shares of the integrated oil company at the end of 2017Q3, valued at $53.69M, up from 447,237 at the end of the previous reported quarter. Fjarde Ap-Fonden Fourth Swedish National Pension Fund who had been investing in Chevron Corp New for a number of months, seems to be bullish on the $237.38 billion market cap company. The stock increased 0.13% or $0.16 during the last trading session, reaching $124.98. About 4.74 million shares traded. Chevron Corporation (NYSE:CVX) has risen 6.68% since December 25, 2016 and is uptrending. It has underperformed by 10.02% the S&P500.

Pinnacle Advisory Group Inc decreased its stake in Veeco Instrs Inc Del (VECO) by 11.88% based on its latest 2017Q3 regulatory filing with the SEC. Pinnacle Advisory Group Inc sold 33,159 shares as the company’s stock rose 13.97% with the market. The institutional investor held 246,058 shares of the industrial machinery and components company at the end of 2017Q3, valued at $5.27M, down from 279,217 at the end of the previous reported quarter. Pinnacle Advisory Group Inc who had been investing in Veeco Instrs Inc Del for a number of months, seems to be less bullish one the $707.62 million market cap company. The stock increased 1.03% or $0.15 during the last trading session, reaching $14.65. About 410,159 shares traded. Veeco Instruments Inc. (NASDAQ:VECO) has risen 94.55% since December 25, 2016 and is uptrending. It has outperformed by 77.85% the S&P500.

Fjarde Ap-Fonden Fourth Swedish National Pension Fund, which manages about $5.25B US Long portfolio, decreased its stake in Mccormick & Co Inc (NYSE:MKC) by 5,721 shares to 11,117 shares, valued at $1.14 million in 2017Q3, according to the filing. It also reduced its holding in Quintiles Ims Holdings Inc (NYSE:Q) by 19,074 shares in the quarter, leaving it with 28,942 shares, and cut its stake in Ggp Inc.

Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.08, from 1.03 in 2017Q2. It is negative, as 43 investors sold CVX shares while 696 reduced holdings. 121 funds opened positions while 584 raised stakes. 1.18 billion shares or 1.43% more from 1.16 billion shares in 2017Q2 were reported. Atlas Browninc invested in 26,671 shares or 0.67% of the stock. Truenorth Incorporated reported 11,797 shares. Westpac Banking Corporation, a Australia-based fund reported 124,779 shares. 8,176 are owned by Windward Cap Management Ca. Breton Hill Cap Ltd stated it has 0.36% of its portfolio in Chevron Corporation (NYSE:CVX). Budros Ruhlin Roe Incorporated holds 0.08% or 2,313 shares in its portfolio. Trexquant Investment LP reported 20,092 shares stake. Moreover, Community Bank & Trust Of Raymore has 0.13% invested in Chevron Corporation (NYSE:CVX) for 2,957 shares. Beach Inv Counsel Pa invested in 24,803 shares. Osborne Prtn Capital Mgmt Lc stated it has 0.58% in Chevron Corporation (NYSE:CVX). Mycio Wealth Prtn Ltd Limited Liability Company owns 8,480 shares or 0.11% of their US portfolio. Old Second National Bank Of Aurora has 21,619 shares for 1.06% of their portfolio. Patten Patten Tn invested in 70,530 shares. Qci Asset Mngmt has 1.68% invested in Chevron Corporation (NYSE:CVX) for 128,270 shares. Jnba Financial Advsr reported 5,304 shares or 0.14% of all its holdings.

Since August 1, 2017, it had 0 insider buys, and 4 selling transactions for $11.07 million activity. 39,000 shares were sold by Yarrington Patricia E, worth $4.33M on Wednesday, August 2. Another trade for 2,312 shares valued at $248,274 was sold by Deily Linnet F. Shares for $3.43 million were sold by JOHNSON JAMES WILLIAM on Tuesday, August 1.

Among 34 analysts covering Chevron Corporation (NYSE:CVX), 22 have Buy rating, 1 Sell and 11 Hold. Therefore 65% are positive. Chevron Corporation had 98 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Monday, October 12 by Barclays Capital. On Monday, November 2 the stock rating was maintained by Credit Suisse with “Neutral”. The firm has “Outperform” rating by Wolfe Research given on Wednesday, March 9. The company was upgraded on Tuesday, September 29 by Wolfe Research. Jefferies maintained it with “Buy” rating and $140.0 target in Wednesday, December 20 report. The stock of Chevron Corporation (NYSE:CVX) earned “Buy” rating by Independent Research on Thursday, December 1. The rating was upgraded by Argus Research to “Buy” on Wednesday, December 16. Barclays Capital maintained it with “Equal Weight” rating and $89.0 target in Tuesday, January 12 report. The company was maintained on Friday, July 28 by BMO Capital Markets. The stock has “Overweight” rating by Morgan Stanley on Wednesday, October 18.

Pinnacle Advisory Group Inc, which manages about $1.22 billion and $1.62B US Long portfolio, upped its stake in Ishares Inc (EZU) by 1.31M shares to 2.62 million shares, valued at $113.53 million in 2017Q3, according to the filing. It also increased its holding in Schwab Strategic Tr (SCHX) by 70,282 shares in the quarter, for a total of 243,016 shares, and has risen its stake in Schwab Strategic Tr (SCHF).

Among 13 analysts covering Veeco Instruments (NASDAQ:VECO), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Veeco Instruments had 31 analyst reports since August 5, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Tuesday, June 13 by JP Morgan. On Friday, December 8 the stock rating was maintained by Benchmark with “Buy”. UBS maintained Veeco Instruments Inc. (NASDAQ:VECO) rating on Thursday, October 6. UBS has “Buy” rating and $24.50 target. JP Morgan downgraded Veeco Instruments Inc. (NASDAQ:VECO) rating on Thursday, October 29. JP Morgan has “Neutral” rating and $23 target. The firm has “Buy” rating by Benchmark given on Thursday, October 29. The company was maintained on Friday, August 18 by KeyBanc Capital Markets. KeyBanc Capital Markets downgraded the shares of VECO in report on Tuesday, October 24 to “Sector Weight” rating. Benchmark maintained Veeco Instruments Inc. (NASDAQ:VECO) on Wednesday, January 11 with “Buy” rating. The rating was maintained by Benchmark on Monday, September 12 with “Buy”. As per Tuesday, June 13, the company rating was upgraded by J.P. Morgan.

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