As Chevron New (CVX) Stock Value Declined, Texas Permanent School Fund Has Lowered by $836,667 Its Position; Minneapolis Portfolio Management Group Continues to Hold Holding in Canadian Pac Ry LTD (CP)

February 15, 2018 - By Kurt Siggers

Texas Permanent School Fund decreased its stake in Chevron Corp New (CVX) by 1.34% based on its latest 2017Q3 regulatory filing with the SEC. Texas Permanent School Fund sold 7,151 shares as the company’s stock declined 3.45% while stock markets rallied. The institutional investor held 525,162 shares of the integrated oil company at the end of 2017Q3, valued at $61.71M, down from 532,313 at the end of the previous reported quarter. Texas Permanent School Fund who had been investing in Chevron Corp New for a number of months, seems to be less bullish one the $212.77 billion market cap company. The stock decreased 0.44% or $0.49 during the last trading session, reaching $112.02. About 1.36M shares traded. Chevron Corporation (NYSE:CVX) has risen 6.68% since February 15, 2017 and is uptrending. It has underperformed by 10.02% the S&P500.

Minneapolis Portfolio Management Group Llc increased its stake in Canadian Pac Ry Ltd (CP) by 1.48% based on its latest 2017Q3 regulatory filing with the SEC. Minneapolis Portfolio Management Group Llc bought 1,927 shares as the company’s stock rose 4.01% with the market. The institutional investor held 131,894 shares of the railroads company at the end of 2017Q3, valued at $22.16M, up from 129,967 at the end of the previous reported quarter. Minneapolis Portfolio Management Group Llc who had been investing in Canadian Pac Ry Ltd for a number of months, seems to be bullish on the $26.11B market cap company. The stock decreased 0.44% or $0.8 during the last trading session, reaching $181.54. About 127,771 shares traded. Canadian Pacific Railway Limited (NYSE:CP) has risen 21.39% since February 15, 2017 and is uptrending. It has outperformed by 4.69% the S&P500.

Minneapolis Portfolio Management Group Llc, which manages about $907.73M and $683.14M US Long portfolio, decreased its stake in Xylem Inc (NYSE:XYL) by 5,981 shares to 250,546 shares, valued at $15.69M in 2017Q3, according to the filing.

Among 28 analysts covering Canadian Pacific (NYSE:CP), 20 have Buy rating, 0 Sell and 8 Hold. Therefore 71% are positive. Canadian Pacific had 69 analyst reports since September 30, 2015 according to SRatingsIntel. On Wednesday, October 21 the stock rating was maintained by Cowen & Co with “Outperform”. The rating was downgraded by National Bank Canada to “Sector Perform” on Wednesday, September 13. The rating was initiated by Atlantic Securities on Thursday, August 11 with “Overweight”. The stock has “Buy” rating by Argus Research on Tuesday, July 25. CLSA initiated the stock with “Underperform” rating in Thursday, May 19 report. The rating was downgraded by Buckingham Research to “Neutral” on Thursday, July 21. The firm has “Buy” rating given on Wednesday, January 4 by Loop Capital. Stifel Nicolaus upgraded Canadian Pacific Railway Limited (NYSE:CP) rating on Friday, December 16. Stifel Nicolaus has “Buy” rating and $166 target. The firm earned “Sector Perform” rating on Wednesday, October 21 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Thursday, June 23 with “Outperform”.

Investors sentiment decreased to 0.95 in Q3 2017. 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. Lincluden Mngmt owns 24,945 shares. Cypress Capital Management Limited Liability Com stated it has 1.11% of its portfolio in Chevron Corporation (NYSE:CVX). Independent Invsts owns 4,800 shares. Farmers And Merchants Invests invested in 73,635 shares. Winfield Assocs stated it has 0.08% in Chevron Corporation (NYSE:CVX). West Virginia-based Mckinley Carter Wealth Services Inc has invested 0.3% in Chevron Corporation (NYSE:CVX). Bp Public Llc accumulated 218,000 shares. Barrett Asset Management Limited has 0.33% invested in Chevron Corporation (NYSE:CVX) for 38,075 shares. 30,000 are owned by Willingdon Wealth. Keating Counselors owns 10,551 shares. 5,349 were accumulated by Aureus Asset Mngmt. Roundview Cap Ltd holds 0.54% of its portfolio in Chevron Corporation (NYSE:CVX) for 17,873 shares. Optimum Inv Advsrs holds 0.78% in Chevron Corporation (NYSE:CVX) or 19,802 shares. Old West Mngmt Ltd Limited Liability Company holds 1.43% or 23,140 shares in its portfolio. Carret Asset Management Ltd Com stated it has 1.79% of its portfolio in Chevron Corporation (NYSE:CVX).

Texas Permanent School Fund, which manages about $7.79 billion US Long portfolio, upped its stake in Walgreens Boots Alliance Inc by 15,103 shares to 255,038 shares, valued at $19.69M in 2017Q3, according to the filing. It also increased its holding in Hill Rom Hldgs Inc (NYSE:HRC) by 4,401 shares in the quarter, for a total of 48,096 shares, and has risen its stake in Consolidated Comm Hldgs Inc (NASDAQ:CNSL).

Since August 16, 2017, it had 0 insider purchases, and 1 sale for $3.06 million activity. $248,274 worth of Chevron Corporation (NYSE:CVX) was sold by Deily Linnet F on Wednesday, August 16.

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