Cantor Fitzgerald Investment Advisors L.P. Purchases 3,561 Shares of Chevron Co. (NYSE:CVX)

Cantor Fitzgerald Investment Advisors L.P. lifted its position in shares of Chevron Co. (NYSE:CVX - Free Report) by 3.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114,961 shares of the oil and gas company's stock after buying an additional 3,561 shares during the period. Cantor Fitzgerald Investment Advisors L.P.'s holdings in Chevron were worth $16,930,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Founders Financial Securities LLC boosted its holdings in Chevron by 34.5% during the 1st quarter. Founders Financial Securities LLC now owns 14,929 shares of the oil and gas company's stock valued at $2,355,000 after acquiring an additional 3,828 shares during the period. New Mexico Educational Retirement Board increased its stake in shares of Chevron by 21.1% in the first quarter. New Mexico Educational Retirement Board now owns 112,116 shares of the oil and gas company's stock worth $18,256,000 after buying an additional 19,500 shares during the period. River Street Advisors LLC raised its holdings in Chevron by 8.5% during the 1st quarter. River Street Advisors LLC now owns 2,719 shares of the oil and gas company's stock valued at $429,000 after buying an additional 212 shares during the last quarter. Richardson Capital Management LLC purchased a new stake in Chevron during the 1st quarter valued at $58,000. Finally, Cornerstone Wealth Group LLC boosted its position in Chevron by 55.0% during the 1st quarter. Cornerstone Wealth Group LLC now owns 46,236 shares of the oil and gas company's stock valued at $7,293,000 after buying an additional 16,406 shares during the period. Institutional investors own 72.42% of the company's stock.

Chevron Stock Down 1.3 %

Chevron stock traded down $1.99 during trading hours on Tuesday, hitting $148.55. The stock had a trading volume of 6,014,035 shares, compared to its average volume of 7,649,469. The stock's 50-day moving average price is $146.74 and its 200-day moving average price is $153.08. The stock has a market capitalization of $271.69 billion, a P/E ratio of 14.71, a price-to-earnings-growth ratio of 3.29 and a beta of 1.09. Chevron Co. has a 12-month low of $135.37 and a 12-month high of $167.11. The company has a quick ratio of 0.85, a current ratio of 1.16 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share for the quarter, missing analysts' consensus estimates of $2.93 by ($0.38). The firm had revenue of $51.18 billion during the quarter, compared to analysts' expectations of $48.68 billion. Chevron had a return on equity of 13.70% and a net margin of 9.31%. Chevron's revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.08 earnings per share. Equities research analysts anticipate that Chevron Co. will post 10.86 EPS for the current fiscal year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.39%. Chevron's dividend payout ratio is currently 64.55%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wolfe Research started coverage on shares of Chevron in a research note on Thursday, July 18th. They set a "peer perform" rating for the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $170.00 price target on shares of Chevron in a research report on Tuesday, October 8th. Sanford C. Bernstein lowered Chevron from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $183.00 to $167.00 in a research report on Wednesday, July 17th. Wells Fargo & Company decreased their target price on Chevron from $196.00 to $169.00 and set an "overweight" rating for the company in a report on Friday, September 27th. Finally, Barclays cut their price target on shares of Chevron from $185.00 to $168.00 and set an "overweight" rating on the stock in a report on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $173.07.

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.