Chevron Co. (NYSE:CVX) is Town & Country Bank & Trust CO dba First Bankers Trust CO’s 9th Largest Position

Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its holdings in shares of Chevron Co. (NYSE:CVX) by 0.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,454 shares of the oil and gas company’s stock after purchasing an additional 93 shares during the period. Chevron comprises approximately 2.3% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings, making the stock its 9th biggest holding. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Chevron were worth $4,635,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CVX. Rebalance LLC purchased a new stake in shares of Chevron during the 4th quarter valued at $26,000. NewSquare Capital LLC grew its stake in shares of Chevron by 52.3% during the 1st quarter. NewSquare Capital LLC now owns 195 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 67 shares during the period. Artemis Wealth Advisors LLC purchased a new stake in shares of Chevron during the 1st quarter valued at $33,000. HBC Financial Services PLLC purchased a new stake in shares of Chevron during the 1st quarter valued at $37,000. Finally, Worth Asset Management LLC purchased a new stake in shares of Chevron during the 1st quarter valued at $36,000. 68.87% of the stock is owned by hedge funds and other institutional investors.

Chevron Stock Performance

Shares of Chevron stock opened at $167.22 on Tuesday. The firm has a market cap of $312.24 billion, a PE ratio of 10.60, a price-to-earnings-growth ratio of 0.88 and a beta of 1.18. The firm’s 50-day simple moving average is $160.80 and its 200-day simple moving average is $160.15. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.13 and a current ratio of 1.43. Chevron Co. has a 1 year low of $140.46 and a 1 year high of $189.68.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, July 28th. The oil and gas company reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.95 by $0.13. Chevron had a net margin of 13.54% and a return on equity of 19.48%. The business had revenue of $48.90 billion during the quarter, compared to the consensus estimate of $48 billion. During the same quarter in the prior year, the firm earned $5.82 EPS. The company’s revenue for the quarter was down 28.9% compared to the same quarter last year. Equities analysts forecast that Chevron Co. will post 13.23 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 18th were given a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date was Thursday, August 17th. Chevron’s dividend payout ratio is presently 38.30%.

Analyst Upgrades and Downgrades

CVX has been the subject of several research reports. Royal Bank of Canada raised shares of Chevron from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $165.00 to $180.00 in a research note on Thursday, June 1st. Mizuho lifted their target price on shares of Chevron from $209.00 to $215.00 and gave the company a “buy” rating in a report on Monday. UBS Group lifted their target price on shares of Chevron from $202.00 to $209.00 and gave the company a “buy” rating in a report on Thursday, August 17th. Piper Sandler reduced their target price on shares of Chevron from $196.00 to $188.00 in a report on Tuesday, June 13th. Finally, Citigroup reduced their target price on shares of Chevron from $180.00 to $170.00 in a report on Tuesday, July 11th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.61.

Insider Activity at Chevron

In other Chevron news, VP Jeff B. Gustavson sold 3,750 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $160.88, for a total value of $603,300.00. Following the completion of the transaction, the vice president now owns 1,718 shares in the company, valued at approximately $276,391.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Chevron news, VP Jeff B. Gustavson sold 3,750 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $160.88, for a total value of $603,300.00. Following the completion of the transaction, the vice president now owns 1,718 shares in the company, valued at approximately $276,391.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Pierre R. Breber sold 25,000 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $164.00, for a total transaction of $4,100,000.00. Following the completion of the transaction, the chief financial officer now owns 6,021 shares of the company’s stock, valued at approximately $987,444. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

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; liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and processing, transportation, storage, and marketing of natural gas, as well as a gas-to-liquids plant.