Fiduciary Financial Group LLC Has $693,000 Stock Holdings in Chevron Co. (NYSE:CVX)

Fiduciary Financial Group LLC grew its holdings in Chevron Co. (NYSE:CVX) by 70.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,656 shares of the oil and gas company’s stock after purchasing an additional 1,931 shares during the period. Fiduciary Financial Group LLC’s holdings in Chevron were worth $693,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CVX. American Capital Advisory LLC lifted its position in shares of Chevron by 403.2% in the first quarter. American Capital Advisory LLC now owns 156 shares of the oil and gas company’s stock valued at $25,000 after buying an additional 125 shares during the last quarter. Anfield Capital Management LLC grew its position in shares of Chevron by 118.0% during the 2nd quarter. Anfield Capital Management LLC now owns 218 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 118 shares in the last quarter. Cyrus J. Lawrence LLC grew its position in Chevron by 66.7% during the second quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company’s stock worth $39,000 after buying an additional 100 shares in the last quarter. Cooksen Wealth LLC acquired a new stake in shares of Chevron during the 4th quarter worth $40,000. Finally, Vima LLC acquired a new position in shares of Chevron in the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Trading Up 0.5 %

Shares of CVX opened at $151.42 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.16 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $276.94 billion, a P/E ratio of 14.99, a PEG ratio of 2.70 and a beta of 1.09. Chevron Co. has a twelve month low of $135.37 and a twelve month high of $170.17. The firm has a fifty day simple moving average of $145.46 and a two-hundred day simple moving average of $153.96.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.38). Chevron had a return on equity of 13.70% and a net margin of 9.31%. The company had revenue of $51.18 billion during the quarter, compared to the consensus estimate of $48.68 billion. During the same period in the prior year, the firm earned $3.08 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, research analysts anticipate that Chevron Co. will post 11.09 EPS for the current year.

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th were given a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.31%. Chevron’s payout ratio is presently 64.55%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CVX shares. Mizuho cut their target price on shares of Chevron from $205.00 to $189.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. Wolfe Research began coverage on shares of Chevron in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. UBS Group boosted their target price on Chevron from $189.00 to $192.00 and gave the stock a “buy” rating in a research note on Tuesday. Scotiabank reduced their price target on shares of Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a research report on Thursday. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $170.00 price objective on shares of Chevron in a report on Tuesday. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $177.59.

About Chevron

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.