Fullcircle Wealth LLC Grows Stock Holdings in Chevron Co. (NYSE:CVX)

Fullcircle Wealth LLC increased its position in Chevron Co. (NYSE:CVX) by 14.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,841 shares of the oil and gas company’s stock after acquiring an additional 1,340 shares during the period. Fullcircle Wealth LLC’s holdings in Chevron were worth $1,632,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in CVX. Anfield Capital Management LLC lifted its stake in Chevron by 118.0% in 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 stake in Chevron by 66.7% in the 2nd quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 100 shares in the last quarter. Krane Funds Advisors LLC bought a new position in Chevron in the 3rd quarter worth about $47,000. Livelsberger Financial Advisory bought a new position in shares of Chevron during the third quarter valued at approximately $47,000. Finally, MFA Wealth Advisors LLC bought a new position in shares of Chevron during the second quarter valued at approximately $59,000. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on CVX. Truist Financial decreased their target price on shares of Chevron from $154.00 to $150.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Barclays cut their target price on shares of Chevron from $185.00 to $168.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. UBS Group lifted their target price on shares of Chevron from $189.00 to $192.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $170.00 target price on shares of Chevron in a research note on Tuesday, October 8th. Finally, Scotiabank lowered their target price on shares of Chevron from $180.00 to $163.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $173.07.

Chevron Stock Performance

Shares of CVX stock traded up $4.25 on Friday, hitting $153.07. 11,727,977 shares of the stock traded hands, compared to its average volume of 5,864,947. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.16 and a quick ratio of 0.85. The company has a market capitalization of $279.95 billion, a PE ratio of 15.16, a PEG ratio of 3.29 and a beta of 1.09. Chevron Co. has a 1-year low of $135.37 and a 1-year high of $167.11. The company’s fifty day moving average is $146.96 and its 200 day moving average is $152.98.

Chevron (NYSE:CVX) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $48.68 billion. During the same quarter in the previous year, the company earned $3.08 earnings per share. Chevron’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts predict that Chevron Co. will post 10.74 earnings per share for the current fiscal year.

Chevron 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.