Heartland Bank & Trust Co Buys 581 Shares of Chevron Corporation $CVX

Heartland Bank & Trust Co raised its stake in Chevron Corporation (NYSE:CVX) by 8.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,118 shares of the oil and gas company’s stock after buying an additional 581 shares during the period. Heartland Bank & Trust Co’s holdings in Chevron were worth $1,019,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in shares of Chevron by 27.3% in the 1st quarter. GAMMA Investing LLC now owns 32,329 shares of the oil and gas company’s stock valued at $5,408,000 after purchasing an additional 6,928 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Chevron by 10.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,133,752 shares of the oil and gas company’s stock valued at $189,666,000 after purchasing an additional 104,103 shares during the period. Stewardship Advisors LLC acquired a new position in shares of Chevron in the 1st quarter valued at about $203,000. Keystone Wealth Services LLC acquired a new position in shares of Chevron in the 1st quarter valued at about $236,000. Finally, Crane Advisory LLC lifted its stake in shares of Chevron by 25.2% in the 1st quarter. Crane Advisory LLC now owns 2,821 shares of the oil and gas company’s stock valued at $472,000 after purchasing an additional 567 shares during the period. Institutional investors own 72.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CVX. Evercore ISI reissued an “outperform” rating and issued a $180.00 price objective on shares of Chevron in a research note on Thursday, July 31st. Morgan Stanley began coverage on Chevron in a research note on Monday, August 4th. They issued an “overweight” rating and a $174.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a research note on Wednesday, October 8th. Melius began coverage on Chevron in a research note on Wednesday, August 20th. They set a “hold” rating and a $155.00 price target on the stock. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Chevron in a research note on Friday, July 18th. Eleven analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Chevron has a consensus rating of “Hold” and a consensus price target of $165.40.

Chevron Stock Up 2.0%

CVX stock opened at $151.86 on Tuesday. The stock’s 50 day simple moving average is $156.12 and its 200 day simple moving average is $148.31. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $168.96. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.74 and a current ratio of 1.00. The company has a market cap of $262.42 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 1.93 and a beta of 0.84.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.19. The firm had revenue of $44.82 billion during the quarter, compared to analyst estimates of $44.59 billion. Chevron had a return on equity of 9.90% and a net margin of 7.02%.The company’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.55 EPS. On average, research analysts expect that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th were issued a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Tuesday, August 19th. Chevron’s payout ratio is currently 88.03%.

Insider Buying and Selling

In other Chevron news, Director John B. Hess sold 375,000 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $158.30, for a total transaction of $59,362,500.00. Following the completion of the sale, the director directly owned 1,403,045 shares of the company’s stock, valued at approximately $222,102,023.50. The trade was a 21.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Alana K. Knowles sold 3,978 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $160.00, for a total value of $636,480.00. Following the completion of the transaction, the vice president directly owned 1,181 shares of the company’s stock, valued at approximately $188,960. This represents a 77.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

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.