Investor s Fiduciary Advisor Network LLC Makes New $1.72 Million Investment in Chevron Co. (NYSE:CVX)

Investor s Fiduciary Advisor Network LLC acquired a new stake in Chevron Co. (NYSE:CVX) in the 4th quarter, HoldingsChannel reports. The fund acquired 11,885 shares of the oil and gas company’s stock, valued at approximately $1,721,000.

Other institutional investors have also recently made changes to their positions in the company. IMG Wealth Management Inc. acquired a new stake in Chevron in the fourth quarter valued at approximately $25,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Chevron in the 4th quarter valued at $29,000. Fairway Wealth LLC lifted its position in shares of Chevron by 75.9% during the 4th quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company’s stock worth $30,000 after purchasing an additional 88 shares during the last quarter. Navigoe LLC acquired a new position in shares of Chevron during the fourth quarter worth $33,000. Finally, New Wave Wealth Advisors LLC purchased a new position in Chevron in the fourth quarter valued at $39,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CVX shares. BNP Paribas cut Chevron to a “cautious” rating in a research report on Tuesday, April 15th. UBS Group dropped their price target on shares of Chevron from $194.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. TD Cowen reduced their price objective on shares of Chevron from $155.00 to $150.00 and set a “hold” rating for the company in a research report on Monday, May 5th. Raymond James lowered their target price on shares of Chevron from $180.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. Finally, Redburn Atlantic reiterated a “sell” rating and set a $124.00 price target (down from $156.00) on shares of Chevron in a research note on Wednesday, April 23rd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Chevron has a consensus rating of “Hold” and a consensus price target of $161.25.

Chevron Stock Up 1.1 %

CVX opened at $138.52 on Friday. The business has a 50 day moving average price of $147.91 and a two-hundred day moving average price of $152.06. Chevron Co. has a 52 week low of $132.04 and a 52 week high of $168.96. The company has a market cap of $243.88 billion, a PE ratio of 14.25, a P/E/G ratio of 1.46 and a beta of 0.83. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share 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 return on equity of 11.44% and a net margin of 8.71%. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period last year, the company earned $2.93 earnings per share. As a group, research analysts anticipate that Chevron Co. will post 10.79 EPS for the current year.

Chevron Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be paid a dividend of $1.71 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.94%. 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.