Will This Report Make Chevron’s Top Institutional Shareholders Nervous?

Chevron Corp. (NYSE:CVX): A comfortable earnings beat at $3.18 swings positive for the company, but revenue of $56.8 billion that missed by $10.07 billion doesn’t look so good. However, total output of 2.65 million BOE was up from 2.63 million BOE a year ago, though downstream operations earned $135 million compared to the $459 million last year, attributed to higher operating expenses from maintenance and upgrades at two refineries, and lower margins on refined product sales. Not helping matters was the average oil price, which slipped to $94 from $102 domestically year-over-year.

These institutional firms indicated owning shares of Chevron Corp. in Q1 2013. They reported owning a total of 547.277 million shares on 03/31/2013. The shares closed at $118.82 on 03/31/2013.

NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW!

Here are the ten largest positions in Chevron Corp. at the end of March 31st, 2013.

State Street Corp. held 103,250,898 shares on 03/31/2013 worth $12,268,271,669. This brought the portfolio total to 1.62%.

Vanguard Group Inc. held 98,040,555 shares on 03/31/2013 worth $11,649,178,715. This brought the portfolio total to 1.28%.

Blackrock Institutional Trust Company N.A. held 53,387,402 shares on 03/31/2013 worth $6,343,491,089. This brought the portfolio total to 1.3%.

Bank of New York Mellon Corp. held 31,438,900 shares on 03/31/2013 worth $3,735,570,088. This brought the portfolio total to 1.19%.

JPMorgan Chase & Co. held 22,985,425 shares on 03/31/2013 worth $2,731,128,191. This brought the portfolio total to 0.89%.

Blackrock Fund Advisors held 22,662,566 shares on 03/31/2013 worth $2,692,766,085. This brought the portfolio total to 1.04%.

Franklin Resources Inc. held 18,059,841 shares on 03/31/2013 worth $2,145,870,302. This brought the portfolio total to 1.23%.

Blackrock Group Ltd held 17,085,046 shares on 03/31/2013 worth $2,030,045,161. This brought the portfolio total to 1.5%.

Blackrock Advisors LLC held 11,838,748 shares on 03/31/2013 worth $1,406,680,034. This brought the portfolio total to 1.41%.

Morgan Stanley held 10,601,522 shares on 03/31/2013 worth $1,259,672,841. This brought the portfolio total to 0.65%.

Knowing which stocks have institutional support will help improve your investing skills, and teach you how to ride the waves of strong moves. In fact, “S = Support is Provided By Institutional Investors & Company Insiders” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.

More Articles About:   ,