Chevron Co. (NYSE:CVX) Shares Sold by Bath Savings Trust Co

Bath Savings Trust Co decreased its holdings in Chevron Co. (NYSE:CVX) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,404 shares of the oil and gas company’s stock after selling 72 shares during the quarter. Bath Savings Trust Co’s holdings in Chevron were worth $3,969,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Regent Peak Wealth Advisors LLC raised its stake in shares of Chevron by 4.3% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 4,117 shares of the oil and gas company’s stock worth $596,000 after purchasing an additional 168 shares during the last quarter. Canandaigua National Trust Co of Florida raised its holdings in Chevron by 17.2% during the fourth quarter. Canandaigua National Trust Co of Florida now owns 3,415 shares of the oil and gas company’s stock worth $495,000 after purchasing an additional 500 shares in the last quarter. Insight Wealth Strategies LLC boosted its holdings in Chevron by 0.5% in the 4th quarter. Insight Wealth Strategies LLC now owns 201,015 shares of the oil and gas company’s stock valued at $29,115,000 after purchasing an additional 1,092 shares in the last quarter. Doliver Advisors LP boosted its holdings in Chevron by 0.9% in the 4th quarter. Doliver Advisors LP now owns 7,984 shares of the oil and gas company’s stock valued at $1,156,000 after purchasing an additional 70 shares in the last quarter. Finally, Bard Financial Services Inc. raised its stake in shares of Chevron by 0.3% during the 4th quarter. Bard Financial Services Inc. now owns 62,735 shares of the oil and gas company’s stock worth $9,087,000 after buying an additional 200 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Stock Up 2.0 %

Shares of NYSE:CVX traded up $2.96 during trading on Tuesday, hitting $150.22. The company’s stock had a trading volume of 4,047,100 shares, compared to its average volume of 5,687,082. The company has a market capitalization of $269.96 billion, a PE ratio of 16.51, a PEG ratio of 2.93 and a beta of 1.12. Chevron Co. has a fifty-two week low of $135.37 and a fifty-two week high of $167.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07. The stock’s 50-day moving average price is $153.60 and its two-hundred day moving average price is $151.14.

Chevron (NYSE:CVX) last released its earnings results on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, beating the consensus estimate of $2.47 by $0.04. The company had revenue of $50.67 billion during the quarter, compared to analysts’ expectations of $48.86 billion. Chevron had a return on equity of 13.15% and a net margin of 8.44%. The business’s revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $3.05 EPS. As a group, sell-side analysts expect that Chevron Co. will post 10.5 EPS for the current year.

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend was Monday, November 18th. Chevron’s dividend payout ratio is currently 71.65%.

Insiders Place Their Bets

In related news, CEO Michael K. Wirth sold 164,600 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 4,280 shares of the company’s stock, valued at $685,356.40. This represents a 97.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CVX. UBS Group boosted their price objective on shares of Chevron from $194.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Truist Financial lifted their price objective on Chevron from $155.00 to $160.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. DZ Bank upgraded Chevron from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a report on Tuesday, November 5th. Citigroup upgraded Chevron from a “neutral” rating to a “buy” rating and upped their target price for the company from $145.00 to $185.00 in a research note on Tuesday, November 26th. Finally, Royal Bank of Canada raised their price target on Chevron from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Chevron currently has a consensus rating of “Moderate Buy” and a consensus price target of $175.19.

About Chevron

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.