Town & Country Bank & Trust CO dba First Bankers Trust CO Has $4.99 Million Stock Holdings in Chevron Co. (NYSE:CVX)

Town & Country Bank & Trust CO dba First Bankers Trust CO reduced its holdings in Chevron Co. (NYSE:CVX) by 5.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 34,432 shares of the oil and gas company’s stock after selling 1,906 shares during the quarter. Chevron makes up about 1.9% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s portfolio, making the stock its 11th largest holding. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Chevron were worth $4,987,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Quarry LP raised its holdings in Chevron by 172.2% during the 2nd quarter. Quarry LP now owns 411 shares of the oil and gas company’s stock worth $64,000 after purchasing an additional 260 shares during the last quarter. Next Capital Management LLC increased its position in shares of Chevron by 22.9% during the second quarter. Next Capital Management LLC now owns 2,012 shares of the oil and gas company’s stock worth $315,000 after buying an additional 375 shares during the period. Pathway Financial Advisers LLC raised its stake in Chevron by 1.5% during the second quarter. Pathway Financial Advisers LLC now owns 24,614 shares of the oil and gas company’s stock worth $3,832,000 after buying an additional 372 shares during the last quarter. McGinn Penninger Investment Management Inc. lifted its holdings in Chevron by 1.9% in the second quarter. McGinn Penninger Investment Management Inc. now owns 28,818 shares of the oil and gas company’s stock valued at $4,508,000 after buying an additional 540 shares during the period. Finally, SPC Financial Inc. boosted its position in Chevron by 23.8% during the second quarter. SPC Financial Inc. now owns 5,671 shares of the oil and gas company’s stock valued at $887,000 after acquiring an additional 1,092 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron Trading Down 0.6 %

CVX opened at $156.24 on Wednesday. The firm has a market capitalization of $280.78 billion, a PE ratio of 17.17, a P/E/G ratio of 1.37 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. Chevron Co. has a fifty-two week low of $135.37 and a fifty-two week high of $167.11. The company’s 50-day moving average is $153.74 and its 200 day moving average is $151.12.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, topping the consensus estimate of $2.47 by $0.04. The firm had revenue of $50.67 billion during the quarter, compared to the consensus estimate of $48.86 billion. Chevron had a return on equity of 13.15% and a net margin of 8.44%. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $3.05 earnings per share. As a group, research analysts predict that Chevron Co. will post 10.18 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date was Monday, November 18th. Chevron’s dividend payout ratio is 71.65%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Raymond James boosted their price objective on Chevron from $175.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. Barclays boosted their price target on Chevron from $168.00 to $174.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. DZ Bank raised shares of Chevron from a “hold” rating to a “buy” rating and set a $170.00 price objective for the company in a research report on Tuesday, November 5th. Piper Sandler dropped their target price on shares of Chevron from $184.00 to $173.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Finally, Bank of America began coverage on shares of Chevron in a report on Thursday, October 17th. They issued a “buy” rating and a $168.00 price target for the company. Four 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 stock has an average rating of “Moderate Buy” and an average target price of $175.27.

Insider Transactions at Chevron

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of Chevron stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $160.13, for a total transaction of $26,357,398.00. Following the transaction, the chief executive officer now owns 4,280 shares of the company’s stock, valued at $685,356.40. This trade represents a 97.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.20% of the company’s stock.

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.