Investor s Fiduciary Advisor Network LLC Has $764,000 Stock Position in Chevron Corporation (NYSE:CVX)

Investor s Fiduciary Advisor Network LLC trimmed its position in shares of Chevron Corporation (NYSE:CVX - Free Report) by 61.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,567 shares of the oil and gas company's stock after selling 7,318 shares during the quarter. Investor s Fiduciary Advisor Network LLC's holdings in Chevron were worth $764,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Sage Capital Advisors llc boosted its stake in Chevron by 2.2% in the first quarter. Sage Capital Advisors llc now owns 42,421 shares of the oil and gas company's stock valued at $7,097,000 after acquiring an additional 919 shares during the last quarter. CCG Wealth Management LLC boosted its stake in Chevron by 2.3% in the first quarter. CCG Wealth Management LLC now owns 6,334 shares of the oil and gas company's stock valued at $1,060,000 after acquiring an additional 145 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Chevron by 0.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 143,914 shares of the oil and gas company's stock worth $24,075,000 after purchasing an additional 675 shares during the period. Pines Wealth Management LLC raised its holdings in Chevron by 3.3% in the first quarter. Pines Wealth Management LLC now owns 7,808 shares of the oil and gas company's stock worth $1,306,000 after purchasing an additional 253 shares during the period. Finally, Viking Fund Management LLC raised its holdings in Chevron by 9.3% in the first quarter. Viking Fund Management LLC now owns 117,000 shares of the oil and gas company's stock worth $19,573,000 after purchasing an additional 10,000 shares during the period. 72.42% of the stock is owned by institutional investors.

Chevron Stock Performance

Shares of Chevron stock remained flat at $153.24 during trading on Wednesday. 9,492,564 shares of the stock traded hands, compared to its average volume of 8,327,294. The firm has a market cap of $267.62 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 2.50 and a beta of 0.83. The stock has a fifty day moving average of $141.58 and a two-hundred day moving average of $148.22. Chevron Corporation has a one year low of $132.04 and a one year high of $168.96. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 0.82.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.03. The firm had revenue of $47.61 billion during the quarter, compared to the consensus estimate of $49.05 billion. Chevron had a net margin of 7.76% and a return on equity of 10.73%. The business's revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period last year, the business posted $2.93 earnings per share. Equities research analysts forecast that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th were given a dividend of $1.71 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.84 annualized dividend and a yield of 4.46%. Chevron's dividend payout ratio (DPR) is presently 78.17%.

Analyst Ratings Changes

Several equities research analysts have weighed in on CVX shares. BNP Paribas lowered shares of Chevron to a "cautious" rating in a report on Tuesday, April 15th. Wells Fargo & Company reiterated an "overweight" rating and issued a $165.00 target price (up from $164.00) on shares of Chevron in a report on Thursday, June 26th. UBS Group cut their target price on shares of Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Mizuho cut their target price on shares of Chevron from $188.00 to $186.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. Finally, Barclays raised their price objective on shares of Chevron from $152.00 to $156.00 and gave the stock an "equal weight" rating in a report on Monday. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $160.65.

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.