Country Club Trust Company n.a. Has $11.20 Million Stock Position in Chevron Co. (NYSE:CVX)

Country Club Trust Company n.a. reduced its position in Chevron Co. (NYSE:CVX) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 108,404 shares of the oil and gas company’s stock after selling 1,668 shares during the quarter. Chevron makes up 1.0% of Country Club Trust Company n.a.’s portfolio, making the stock its 29th largest holding. Country Club Trust Company n.a.’s holdings in Chevron were worth $11,201,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CVX. Principal Financial Group Inc. raised its holdings in shares of Chevron by 0.7% in the first quarter. Principal Financial Group Inc. now owns 4,523,563 shares of the oil and gas company’s stock valued at $474,023,000 after buying an additional 30,987 shares during the last quarter. Hoylecohen LLC increased its position in Chevron by 22.6% in the first quarter. Hoylecohen LLC now owns 117,831 shares of the oil and gas company’s stock worth $12,348,000 after purchasing an additional 21,758 shares during the period. MONECO Advisors LLC increased its position in Chevron by 7.1% in the first quarter. MONECO Advisors LLC now owns 3,538 shares of the oil and gas company’s stock worth $371,000 after purchasing an additional 236 shares during the period. Paradiem LLC acquired a new stake in Chevron in the first quarter worth about $233,000. Finally, Baker Tilly Wealth Management LLC increased its position in Chevron by 12.9% in the first quarter. Baker Tilly Wealth Management LLC now owns 14,969 shares of the oil and gas company’s stock worth $1,569,000 after purchasing an additional 1,712 shares during the period. 65.55% of the stock is owned by hedge funds and other institutional investors.

CVX has been the subject of a number of research reports. UBS Group upgraded Chevron from a “neutral” rating to a “buy” rating and set a $125.00 price objective for the company in a research report on Monday, November 15th. Truist boosted their price objective on Chevron from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, October 7th. Zacks Investment Research lowered Chevron from a “buy” rating to a “hold” rating and set a $100.00 price objective for the company. in a research report on Tuesday, September 21st. Royal Bank of Canada cut their target price on Chevron from $135.00 to $130.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 25th. Finally, Wells Fargo & Company boosted their target price on Chevron from $109.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, November 1st. Eleven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Chevron presently has an average rating of “Buy” and a consensus target price of $120.65.

In other news, VP R. Hewitt Pate sold 39,000 shares of the firm’s stock in a transaction that occurred on Monday, November 15th. The stock was sold at an average price of $115.04, for a total value of $4,486,560.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael K. Wirth sold 52,500 shares of Chevron stock in a transaction on Thursday, November 4th. The stock was sold at an average price of $113.79, for a total value of $5,973,975.00. The disclosure for this sale can be found here. Insiders have sold 325,651 shares of company stock valued at $37,293,688 over the last 90 days. 0.29% of the stock is owned by corporate insiders.

Shares of CVX stock traded up $1.94 on Tuesday, hitting $115.85. 102,872 shares of the company’s stock were exchanged, compared to its average volume of 10,459,269. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.28 and a quick ratio of 1.03. Chevron Co. has a 12 month low of $83.53 and a 12 month high of $118.08. The stock has a market cap of $223.32 billion, a P/E ratio of 21.99, a price-to-earnings-growth ratio of 2.42 and a beta of 1.30. The company has a 50 day moving average of $108.43 and a 200 day moving average of $104.77.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Thursday, October 28th. The oil and gas company reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.75. Chevron had a return on equity of 7.95% and a net margin of 7.10%. The business had revenue of $44.71 billion during the quarter, compared to the consensus estimate of $40.89 billion. During the same period in the prior year, the company earned $0.11 EPS. Chevron’s revenue for the quarter was up 82.9% on a year-over-year basis. Sell-side analysts predict that Chevron Co. will post 8.35 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 10th. Stockholders of record on Thursday, November 18th will be given a dividend of $1.34 per share. The ex-dividend date is Wednesday, November 17th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 4.63%. Chevron’s dividend payout ratio (DPR) is 103.47%.

Chevron Profile

Chevron Corp. engages in the provision of administrative, financial management, and technology support for energy and chemical operations. It operates through the Upstream and Downstream segments. The Upstream segment consists of exploration, development, and production of crude oil and natural gas; liquefaction, transportation, and regasification associated with liquefied natural gas; transporting crude oil by major international oil export pipelines; processing, transporting, storage, and marketing of natural gas; and a gas-to-liquids plant.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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