Clark Capital Management Group Has Cut Chevron New (CVX) Position; 1 Analysts Bullish Turkcell Iletisim Hizmetleri A.S. (TKC)

December 7, 2017 - By Nellie Frank

Among 3 analysts covering Turkcell (NYSE:TKC), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Turkcell had 4 analyst reports since September 3, 2015 according to SRatingsIntel. On Thursday,

January 5 the stock rating was upgraded by Deutsche Bank to “Buy”. As per Thursday, September 3, the company rating was downgraded by Bank of America. The stock of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) has “Overweight” rating given on Thursday, September 17 by JP Morgan. The rating was downgraded by JP Morgan on Wednesday, April 6 to “Neutral”. See Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) latest ratings:

Clark Capital Management Group Inc decreased Chevron Corp New (CVX) stake by 65.2% reported in 2017Q2 SEC filing. Clark Capital Management Group Inc sold 68,608 shares as Chevron Corp New (CVX)’s stock declined 3.45%. The Clark Capital Management Group Inc holds 36,625 shares with $3.82 million value, down from 105,233 last quarter. Chevron Corp New now has $227.75B valuation. The stock increased 0.25% or $0.3 during the last trading session, reaching $119.91. About 239,502 shares traded. Chevron Corporation (NYSE:CVX) has risen 6.68% since December 7, 2016 and is uptrending. It has underperformed by 10.02% the S&P500.

Clark Capital Management Group Inc increased Broadcom Ltd stake by 13,766 shares to 153,198 valued at $35.70M in 2017Q2. It also upped Corning Inc (NYSE:GLW) stake by 210,015 shares and now owns 761,091 shares. Arrow Electrs Inc (NYSE:ARW) was raised too.

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on January, 26. They expect $1.10 EPS, up 400.00% or $0.88 from last year’s $0.22 per share. CVX’s profit will be $2.09B for 27.25 P/E if the $1.10 EPS becomes a reality. After $1.03 actual EPS reported by Chevron Corporation for the previous quarter, Wall Street now forecasts 6.80% EPS growth.

Investors sentiment increased to 1.03 in 2017 Q2. Its up 0.06, from 0.97 in 2017Q1. It improved, as 65 investors sold CVX shares while 653 reduced holdings. 92 funds opened positions while 651 raised stakes. 1.16 billion shares or 0.51% more from 1.16 billion shares in 2017Q1 were reported. Nexus Inv Mgmt Incorporated reported 0.18% of its portfolio in Chevron Corporation (NYSE:CVX). Jolley Asset Mngmt Ltd Liability Co accumulated 1.44% or 19,760 shares. Hyman Charles D has invested 1.17% in Chevron Corporation (NYSE:CVX). Community Bank Na invested 0.41% of its portfolio in Chevron Corporation (NYSE:CVX). Salient Capital Advisors Ltd Liability Corporation has 0.04% invested in Chevron Corporation (NYSE:CVX). Northcoast Asset Management Limited Liability Corporation stated it has 229,827 shares. Bremer Trust Natl Association, a Minnesota-based fund reported 18,797 shares. Mirae Asset Glob Invests stated it has 0.2% of its portfolio in Chevron Corporation (NYSE:CVX). Papp L Roy & Assoc invested in 2% or 88,756 shares. Lenox Wealth has invested 0.05% of its portfolio in Chevron Corporation (NYSE:CVX). Adams Natural Resource Fund Incorporated stated it has 596,800 shares. California-based L And S Advsrs has invested 0.2% in Chevron Corporation (NYSE:CVX). Lombard Odier Asset Management (Switzerland) Sa owns 0.08% invested in Chevron Corporation (NYSE:CVX) for 6,462 shares. Nikko Asset Mgmt Americas accumulated 229,530 shares or 1.43% of the stock. Massachusetts-based Loomis Sayles Limited Partnership has invested 0.17% in Chevron Corporation (NYSE:CVX).

Among 34 analysts covering Chevron Corporation (NYSE:CVX), 23 have Buy rating, 1 Sell and 10 Hold. Therefore 68% are positive. Chevron Corporation had 93 analyst reports since August 4, 2015 according to SRatingsIntel. As per Wednesday, March 9, the company rating was upgraded by Wolfe Research. Simmons & Co downgraded the shares of CVX in report on Thursday, January 21 to “Neutral” rating. Jefferies maintained Chevron Corporation (NYSE:CVX) rating on Monday, July 11. Jefferies has “Buy” rating and $116 target. Jefferies maintained the shares of CVX in report on Friday, June 23 with “Buy” rating. The firm has “Buy” rating by HSBC given on Monday, June 5. Citigroup maintained Chevron Corporation (NYSE:CVX) rating on Monday, October 30. Citigroup has “Buy” rating and $128 target. The firm earned “Sell” rating on Tuesday, November 7 by RBC Capital Markets. The firm earned “Underperform” rating on Wednesday, September 23 by Macquarie Research. The company was upgraded on Tuesday, November 3 by Evercore. The stock of Chevron Corporation (NYSE:CVX) earned “Buy” rating by BMO Capital Markets on Friday, July 28.


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