Chevron Co. (NYSE:CVX) is Town & Country Bank & Trust CO dba First Bankers Trust CO’s 8th Largest Position

Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in shares of Chevron Co. (NYSE:CVX) by 1.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,761 shares of the oil and gas company’s stock after purchasing an additional 449 shares during the period. Chevron makes up about 2.4% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s portfolio, making the stock its 8th biggest holding. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Chevron were worth $5,641,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CVX. Vicus Capital raised its stake in Chevron by 20.2% in the 1st quarter. Vicus Capital now owns 8,078 shares of the oil and gas company’s stock worth $1,274,000 after acquiring an additional 1,355 shares during the last quarter. Romano Brothers AND Company grew its position in shares of Chevron by 9.0% during the 1st quarter. Romano Brothers AND Company now owns 11,966 shares of the oil and gas company’s stock valued at $1,888,000 after acquiring an additional 983 shares during the period. First Bank & Trust grew its position in shares of Chevron by 29.9% during the 1st quarter. First Bank & Trust now owns 15,559 shares of the oil and gas company’s stock valued at $2,454,000 after acquiring an additional 3,581 shares during the period. Grimes & Company Inc. grew its position in shares of Chevron by 3.8% during the 1st quarter. Grimes & Company Inc. now owns 55,532 shares of the oil and gas company’s stock valued at $8,760,000 after acquiring an additional 2,022 shares during the period. Finally, WoodTrust Financial Corp grew its position in shares of Chevron by 8.4% during the 1st quarter. WoodTrust Financial Corp now owns 40,054 shares of the oil and gas company’s stock valued at $6,319,000 after acquiring an additional 3,108 shares during the period. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on CVX. Mizuho raised their target price on Chevron from $200.00 to $205.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Raymond James raised their target price on Chevron from $170.00 to $174.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. Truist Financial raised their target price on Chevron from $156.00 to $166.00 and gave the company a “hold” rating in a research report on Friday, May 10th. HSBC lifted their price objective on Chevron from $175.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Finally, Barclays initiated coverage on Chevron in a report on Wednesday, April 10th. They issued an “overweight” rating and a $203.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Chevron has a consensus rating of “Moderate Buy” and a consensus price target of $186.95.

Chevron Price Performance

CVX traded up $0.10 during trading on Friday, reaching $156.42. The company’s stock had a trading volume of 11,283,390 shares, compared to its average volume of 7,477,035. The company has a quick ratio of 0.93, a current ratio of 1.23 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $159.22 and a two-hundred day simple moving average of $154.71. Chevron Co. has a 1 year low of $139.62 and a 1 year high of $171.70. The company has a market cap of $288.28 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 2.38 and a beta of 1.12.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.93 EPS for the quarter, beating the consensus estimate of $2.84 by $0.09. The firm had revenue of $48.72 billion for the quarter, compared to analyst estimates of $48.42 billion. Chevron had a net margin of 10.21% and a return on equity of 14.40%. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.55 EPS. As a group, analysts anticipate that Chevron Co. will post 13.15 EPS for the current year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend was Thursday, May 16th. Chevron’s payout ratio is presently 59.98%.

Insider Activity

In other news, VP Jeff B. Gustavson sold 3,750 shares of Chevron stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $160.23, for a total transaction of $600,862.50. Following the sale, the vice president now owns 477 shares of the company’s stock, valued at approximately $76,429.71. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Chevron news, VP Jeff B. Gustavson sold 3,750 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $160.23, for a total value of $600,862.50. Following the sale, the vice president now owns 477 shares of the company’s stock, valued at $76,429.71. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Alana K. Knowles sold 2,800 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $160.09, for a total value of $448,252.00. Following the completion of the sale, the vice president now directly owns 276 shares in the company, valued at approximately $44,184.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,546 shares of company stock valued at $3,176,223. 0.20% of the stock is currently owned by company insiders.

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.