Private Asset Management Cut Chevron (CVX) Position; 6 Analysts Bullish Sonic Corp. (SONC)

Among 16 analysts covering Sonic (NASDAQ:SONC), 6 have Buy rating, 2 Sell and 8 Hold. Therefore 38% are positive. Sonic has $37.0 highest and $2 lowest target. $27.76’s average target is -1.66% below currents $28.23 stock price. Sonic had 40 analyst reports since August 25, 2015 according to SRatingsIntel. As per Wednesday, June 21, the company rating was maintained by Canaccord Genuity. Jefferies maintained the shares of SONC in report on Wednesday, September 28 with “Hold” rating. On Wednesday, March 30 the stock rating was maintained by UBS with “Neutral”. The stock of Sonic Corp. (NASDAQ:SONC) earned “Buy” rating by Oppenheimer on Friday, June 23. Longbow upgraded Sonic Corp. (NASDAQ:SONC) rating on Monday, September 21. Longbow has “Buy” rating and $34 target. The rating was maintained by Jefferies with “Hold” on Tuesday, June 13. The company was maintained on Wednesday, September 7 by Telsey Advisory Group. The firm has “Market Perform” rating given on Tuesday, October 25 by Telsey Advisory Group. Telsey Advisory Group maintained Sonic Corp. (NASDAQ:SONC) on Tuesday, October 20 with “Outperform” rating. Barclays Capital maintained Sonic Corp. (NASDAQ:SONC) on Friday, June 24 with “Underweight” rating. See Sonic Corp. (NASDAQ:SONC) latest ratings:

22/12/2017 Broker: Jefferies Rating: Hold New Target: $31.0 Maintain
17/10/2017 Broker: Canaccord Genuity Rating: Hold New Target: $25.0 Maintain
16/10/2017 Broker: Cowen & Co Rating: Hold New Target: $25.0 Maintain
10/10/2017 Broker: Jefferies Rating: Hold New Target: $26.0 Maintain
18/09/2017 Broker: Citigroup Rating: Buy New Target: $28.0 Initiate
11/08/2017 Broker: Cowen & Co Rating: Hold New Target: $25.0000 Maintain
24/07/2017 Broker: Piper Jaffray Rating: Buy New Target: $32.0000 Maintain

Private Asset Management Inc decreased Chevron Corp (CVX) stake by 6.26% reported in 2017Q3 SEC filing. Private Asset Management Inc sold 12,131 shares as Chevron Corp (CVX)’s stock declined 3.45%. The Private Asset Management Inc holds 181,573 shares with $21.34M value, down from 193,704 last quarter. Chevron Corp now has $237.38 billion valuation. The stock increased 0.13% or $0.16 during the last trading session, reaching $124.98. About 4.74M shares traded. Chevron Corporation (NYSE:CVX) has risen 6.68% since December 24, 2016 and is uptrending. It has underperformed by 10.02% the S&P500.

Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.08, from 1.03 in 2017Q2. It dropped, 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. Piedmont Advsr Limited Liability Corporation reported 486,007 shares or 1.21% of all its holdings. Sterling Mngmt Ltd Llc holds 98,330 shares. Dynamic Advsrs Solutions Limited Co has 0.87% invested in Chevron Corporation (NYSE:CVX) for 18,682 shares. Cue Fincl Grp stated it has 6,491 shares or 0.53% of all its holdings. Jolley Asset Ltd Liability owns 19,744 shares for 1.57% of their portfolio. Capital Invest Counsel has 8,161 shares. Mogy Joel R Counsel Inc stated it has 22,805 shares or 0.45% of all its holdings. Chatham Group holds 4,880 shares. Northside Cap Management Lc reported 7,688 shares. Invsts Asset Mgmt Of Georgia Ga Adv invested in 7,262 shares or 0.63% of the stock. Envestnet Asset has invested 0.08% of its portfolio in Chevron Corporation (NYSE:CVX). The New York-based Roosevelt Inv Incorporated has invested 0.62% in Chevron Corporation (NYSE:CVX). United Capital Finance Advisers Limited Liability Corp has invested 0.68% in Chevron Corporation (NYSE:CVX). Engineers Gate Manager Limited Partnership owns 13,277 shares for 0.13% of their portfolio. Aimz Advisors Ltd Llc holds 3,323 shares or 0.29% of its portfolio.

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on January, 26. They expect $1.19 earnings per share, up 440.91% or $0.97 from last year’s $0.22 per share. CVX’s profit will be $2.26 billion for 26.26 P/E if the $1.19 EPS becomes a reality. After $1.03 actual earnings per share reported by Chevron Corporation for the previous quarter, Wall Street now forecasts 15.53% EPS growth.

Since August 1, 2017, it had 0 insider buys, and 4 selling transactions for $11.07 million activity. The insider Pate R. Hewitt sold 25,500 shares worth $3.06 million. $248,274 worth of Chevron Corporation (NYSE:CVX) was sold by Deily Linnet F. Yarrington Patricia E also sold $4.33M worth of Chevron Corporation (NYSE:CVX) shares. On Tuesday, August 1 the insider JOHNSON JAMES WILLIAM sold $3.43 million.

Among 34 analysts covering Chevron Corporation (NYSE:CVX), 22 have Buy rating, 1 Sell and 11 Hold. Therefore 65% are positive. Chevron Corporation has $160.0 highest and $65 lowest target. $111.71’s average target is -10.62% below currents $124.98 stock price. Chevron Corporation had 98 analyst reports since August 4, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Sell” rating and $105.0 target in Tuesday, November 7 report. The company was downgraded on Tuesday, March 22 by Raymond James. The stock of Chevron Corporation (NYSE:CVX) has “Buy” rating given on Tuesday, October 3 by Bank of America. The rating was upgraded by Morgan Stanley on Tuesday, November 1 to “Overweight”. The firm earned “Hold” rating on Tuesday, August 4 by S&P Research. The stock has “Outperform” rating by Macquarie Research on Thursday, December 15. The rating was maintained by BMO Capital Markets on Friday, September 22 with “Buy”. UBS maintained Chevron Corporation (NYSE:CVX) on Monday, August 3 with “Neutral” rating. The company was maintained on Tuesday, October 10 by Barclays Capital. The stock of Chevron Corporation (NYSE:CVX) earned “Buy” rating by Bank of America on Wednesday, January 4.

Private Asset Management Inc increased Verizon Communications (NYSE:VZ) stake by 9,343 shares to 35,542 valued at $1.76 million in 2017Q3. It also upped Cl C stake by 448 shares and now owns 9,041 shares. Schwab Value Advantage Money F was raised too.

Since October 23, 2017, it had 0 insider buys, and 4 selling transactions for $2.83 million activity. 3,670 Sonic Corp. (NASDAQ:SONC) shares with value of $103,544 were sold by RICHARDSON FRANK E III. Shares for $29,257 were sold by PENA FEDERICO F on Monday, October 23.

The stock decreased 0.53% or $0.15 during the last trading session, reaching $28.23. About 480,174 shares traded. Sonic Corp. (NASDAQ:SONC) has declined 5.36% since December 24, 2016 and is downtrending. It has underperformed by 22.06% the S&P500.