Chevron Co. (NYSE:CVX) Holdings Decreased by Fulcrum Equity Management

Fulcrum Equity Management lowered its stake in Chevron Co. (NYSE:CVX - Free Report) by 52.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,851 shares of the oil and gas company's stock after selling 2,018 shares during the quarter. Fulcrum Equity Management's holdings in Chevron were worth $268,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CVX. Life Planning Partners Inc acquired a new position in Chevron during the 4th quarter valued at approximately $25,000. IMG Wealth Management Inc. acquired a new position in Chevron in the fourth quarter valued at $25,000. Mizuho Securities Co. Ltd. purchased a new position in Chevron during the fourth quarter worth about $29,000. 10Elms LLP purchased a new position in shares of Chevron during the 4th quarter worth approximately $29,000. Finally, Fairway Wealth LLC boosted its holdings in shares of Chevron by 75.9% in the 4th quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock valued at $30,000 after purchasing an additional 88 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors.

Chevron Stock Performance

Shares of NYSE:CVX traded down $1.48 during trading on Friday, reaching $136.43. The company had a trading volume of 12,856,437 shares, compared to its average volume of 8,106,167. The firm has a market capitalization of $238.26 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. The stock's fifty day moving average price is $141.88 and its 200 day moving average price is $150.44. Chevron Co. has a fifty-two week low of $132.04 and a fifty-two week high of $168.96.

Chevron (NYSE:CVX - Get Free Report) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.03. Chevron had a return on equity of 11.44% and a net margin of 8.71%. The company had revenue of $47.61 billion for the quarter, compared to analyst estimates of $49.05 billion. During the same quarter in the prior year, the company earned $2.93 earnings per share. Chevron's revenue was down 2.3% compared to the same quarter last year. As a group, equities research analysts predict that Chevron Co. will post 10.79 EPS for the current year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be given a $1.71 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.84 annualized dividend and a dividend yield of 5.01%. Chevron's payout ratio is 78.17%.

Analysts Set New Price Targets

CVX has been the subject of several research reports. UBS Group decreased their price target on shares of Chevron from $194.00 to $185.00 and set a "buy" rating for the company in a report on Monday, April 7th. Piper Sandler lowered their price target on Chevron from $173.00 to $162.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 13th. TD Cowen cut their price target on shares of Chevron from $155.00 to $150.00 and set a "hold" rating for the company in a research note on Monday, May 5th. Scotiabank lowered shares of Chevron from a "sector outperform" rating to a "sector perform" rating and lowered their target price for the stock from $160.00 to $143.00 in a report on Friday, April 11th. Finally, Wells Fargo & Company cut their price target on shares of Chevron from $173.00 to $164.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Chevron presently has an average rating of "Hold" and an average price target of $160.24.

Chevron Company Profile

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.