Investor s Fiduciary Advisor Network LLC Takes $1.72 Million Position in Chevron Co. (NYSE:CVX)

Investor s Fiduciary Advisor Network LLC purchased a new stake in Chevron Co. (NYSE:CVX - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 11,885 shares of the oil and gas company's stock, valued at approximately $1,721,000.

A number of other hedge funds also recently modified their holdings of the stock. Life Planning Partners Inc bought a new stake in Chevron during the 4th quarter worth $25,000. IMG Wealth Management Inc. acquired a new stake in shares of Chevron in the fourth quarter valued at about $25,000. Mizuho Securities Co. Ltd. bought a new stake in Chevron in the fourth quarter valued at approximately $29,000. Fairway Wealth LLC lifted its holdings in Chevron by 75.9% in the fourth quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock valued at $30,000 after buying an additional 88 shares during the period. Finally, Navigoe LLC acquired a new stake in Chevron during the fourth quarter worth approximately $33,000. Institutional investors own 72.42% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Scotiabank downgraded shares of Chevron from a "sector outperform" rating to a "sector perform" rating and decreased their price target for the company from $160.00 to $143.00 in a research note on Friday, April 11th. Royal Bank of Canada reiterated an "outperform" rating and set a $175.00 price target on shares of Chevron in a report on Monday, February 3rd. Barclays cut shares of Chevron from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $171.00 to $152.00 in a report on Wednesday, April 23rd. UBS Group reduced their target price on Chevron from $194.00 to $185.00 and set a "buy" rating for the company in a report on Monday, April 7th. Finally, TD Cowen lowered their target price on Chevron from $155.00 to $150.00 and set a "hold" rating on the stock in a research note on Monday, May 5th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $160.88.

Chevron Price Performance

CVX traded up $0.10 during trading on Tuesday, reaching $141.72. 2,127,182 shares of the company were exchanged, compared to its average volume of 8,900,543. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. The company has a market cap of $249.51 billion, a price-to-earnings ratio of 14.58, a P/E/G ratio of 1.46 and a beta of 0.83. Chevron Co. has a 12-month low of $132.04 and a 12-month high of $168.96. The company's 50-day moving average is $147.72 and its two-hundred day moving average is $152.01.

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 (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.03. Chevron had a net margin of 8.71% and a return on equity of 11.44%. The business had revenue of $47.61 billion for the quarter, compared to analysts' expectations of $49.05 billion. During the same period in the prior year, the company posted $2.93 EPS. The business's revenue for the quarter was down 2.3% compared to the same quarter last year. Research analysts forecast that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be given a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 4.83%. The ex-dividend date of this dividend is Monday, May 19th. Chevron's dividend payout ratio (DPR) is 78.17%.

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.