KMG Fiduciary Partners LLC Acquires 4,775 Shares of Chevron Co. (NYSE:CVX)

KMG Fiduciary Partners LLC grew its holdings in shares of Chevron Co. (NYSE:CVX - Free Report) by 7.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 73,253 shares of the oil and gas company's stock after purchasing an additional 4,775 shares during the period. Chevron accounts for 1.0% of KMG Fiduciary Partners LLC's portfolio, making the stock its 22nd biggest position. KMG Fiduciary Partners LLC's holdings in Chevron were worth $12,254,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CVX. Capital & Planning LLC raised its holdings in shares of Chevron by 15.2% during the fourth quarter. Capital & Planning LLC now owns 1,678 shares of the oil and gas company's stock worth $243,000 after purchasing an additional 222 shares during the period. Eagle Capital Management LLC raised its holdings in shares of Chevron by 0.7% during the fourth quarter. Eagle Capital Management LLC now owns 34,600 shares of the oil and gas company's stock worth $5,011,000 after purchasing an additional 242 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in shares of Chevron in the 4th quarter worth about $8,947,000. Strategic Financial Concepts LLC increased its holdings in shares of Chevron by 15,182.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 261,786 shares of the oil and gas company's stock worth $37,917,000 after acquiring an additional 260,073 shares during the period. Finally, Shepherd Financial Partners LLC increased its holdings in shares of Chevron by 1.6% in the 4th quarter. Shepherd Financial Partners LLC now owns 4,408 shares of the oil and gas company's stock worth $638,000 after acquiring an additional 71 shares during the period. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron Trading Up 1.0%

Chevron stock traded up $1.48 during midday trading on Wednesday, reaching $144.83. The stock had a trading volume of 9,226,435 shares, compared to its average volume of 8,823,624. The firm has a market cap of $252.93 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 1.46 and a beta of 0.83. The firm's fifty day simple moving average is $138.21 and its two-hundred day simple moving average is $149.46. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. Chevron Co. has a twelve month low of $132.04 and a twelve month high of $168.96.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 EPS for the quarter, topping analysts' consensus estimates of $2.15 by $0.03. The firm had revenue of $47.61 billion during the quarter, compared to analyst estimates of $49.05 billion. Chevron had a return on equity of 11.44% and a net margin of 8.71%. The business's quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the company posted $2.93 EPS. Equities analysts anticipate that Chevron Co. will post 10.79 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th were paid a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date of this dividend was Monday, May 19th. Chevron's dividend payout ratio (DPR) is currently 78.17%.

Analyst Ratings Changes

CVX has been the topic of a number of analyst reports. DZ Bank cut shares of Chevron from a "buy" rating to a "sell" rating and set a $130.00 price objective on the stock. in a report on Tuesday, May 6th. UBS Group dropped their price objective 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. BNP Paribas cut shares of Chevron to a "cautious" rating in a research note on Tuesday, April 15th. Wells Fargo & Company lowered their target price on shares of Chevron from $173.00 to $164.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Finally, HSBC cut shares of Chevron from a "buy" rating to a "hold" rating and lowered their target price for the company from $176.00 to $158.00 in a research note on Tuesday, May 13th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Chevron presently has an average rating of "Hold" and a consensus 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.