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Town & Country Bank & Trust CO dba First Bankers Trust CO Buys 680 Shares of Chevron Co. (NYSE:CVX)

Town & Country Bank & Trust CO dba First Bankers Trust CO Buys 680 Shares of Chevron Co. (NYSE:CVX) #Town #Country #Bank #Trust #dba #Bankers #Trust #Buys #Shares #Chevron #NYSECVX Welcome to Americanah Blog, here is the new story we have for you today:

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Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in Chevron Co. (NYSE:CVXGet Rating) by 2.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,050 shares of the oil and gas company’s stock after purchasing an additional 680 shares during the period. Chevron comprises about 2.1% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s investment portfolio, making the stock its 12th biggest holding. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Chevron were worth $4,061,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Your Advocates Ltd. LLP bought a new stake in shares of Chevron in the 1st quarter worth $25,000. Cordant Inc. bought a new stake in shares of Chevron in the first quarter worth $29,000. Joseph P. Lucia & Associates LLC bought a new stake in shares of Chevron in the first quarter worth $30,000. Landmark Wealth Management LLC bought a new stake in shares of Chevron in the first quarter worth $34,000. Finally, Byrne Asset Management LLC purchased a new position in Chevron during the fourth quarter valued at $36,000. Institutional investors own 69.30% of the company’s stock.

Chevron Trading Down 0.4 %

Shares of NYSE CVX opened at $156.28 on Wednesday. The business’s 50 day moving average is $154.67 and its two-hundred day moving average is $160.43. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.31 and a quick ratio of 1.11. Chevron Co. has a 1-year low of $94.03 and a 1-year high of $182.40. The stock has a market capitalization of $307.06 billion, a P/E ratio of 10.43, a PEG ratio of 0.60 and a beta of 1.15.

Chevron (NYSE:CVXGet Rating) last issued its quarterly earnings data on Friday, July 29th. The oil and gas company reported $5.82 earnings per share for the quarter, topping the consensus estimate of $4.66 by $1.16. Chevron had a return on equity of 19.73% and a net margin of 13.45%. The company had revenue of $68.76 billion for the quarter, compared to analysts’ expectations of $57.69 billion. During the same period in the previous year, the firm posted $1.71 earnings per share. The firm’s revenue for the quarter was up 82.9% on a year-over-year basis. As a group, research analysts expect that Chevron Co. will post 18.37 EPS for the current year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 19th were paid a dividend of $1.42 per share. The ex-dividend date was Thursday, August 18th. This represents a $5.68 annualized dividend and a yield of 3.63%. Chevron’s payout ratio is currently 37.89%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Cowen lifted their target price on Chevron from $119.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, August 15th. Societe Generale upgraded Chevron from a “hold” rating to a “buy” rating in a research report on Thursday, August 4th. Bank of America lifted their target price on Chevron from $178.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, August 1st. Barclays boosted their price objective on Chevron from $183.00 to $196.00 and gave the company an “overweight” rating in a research report on Tuesday, May 31st. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $172.00 price objective on shares of Chevron in a research report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $169.20.

Insiders Place Their Bets

In other news, Director Wanda M. Austin sold 11,432 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $161.45, for a total transaction of $1,845,696.40. Following the transaction, the director now owns 3,560 shares of the company’s stock, valued at $574,762. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Wanda M. Austin sold 11,432 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $161.45, for a total transaction of $1,845,696.40. Following the transaction, the director now owns 3,560 shares of the company’s stock, valued at $574,762. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Pierre R. Breber sold 22,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $161.39, for a total value of $3,631,275.00. Following the transaction, the chief financial officer now directly owns 7 shares in the company, valued at approximately $1,129.73. The disclosure for this sale can be found here. Insiders have sold 141,732 shares of company stock valued at $23,024,499 over the last ninety days. 0.32% of the stock is owned by insiders.

About Chevron

(Get Rating)

Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. 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 associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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