Hills Bank & Trust Co Has $4.33 Million Stock Holdings in Chevron Co. (NYSE:CVX)

Hills Bank & Trust Co trimmed its holdings in Chevron Co. (NYSE:CVX) by 2.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,370 shares of the oil and gas company’s stock after selling 824 shares during the period. Hills Bank & Trust Co’s holdings in Chevron were worth $4,325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Anfield Capital Management LLC increased its holdings in Chevron by 118.0% in the second quarter. Anfield Capital Management LLC now owns 218 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 118 shares during the period. Cyrus J. Lawrence LLC increased its stake in shares of Chevron by 66.7% in the second quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 100 shares during the period. Krane Funds Advisors LLC bought a new position in shares of Chevron during the third quarter worth about $47,000. Livelsberger Financial Advisory acquired a new position in shares of Chevron in the third quarter worth approximately $47,000. Finally, MFA Wealth Advisors LLC bought a new stake in Chevron in the second quarter valued at approximately $59,000. 72.42% of the stock is currently owned by institutional investors.

Chevron Trading Up 2.2 %

NYSE CVX opened at $152.02 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $146.85 and a 200 day simple moving average of $153.01. Chevron Co. has a 12 month low of $135.37 and a 12 month high of $167.11. The firm has a market capitalization of $278.03 billion, a P/E ratio of 14.73, a PEG ratio of 3.27 and a beta of 1.09.

Chevron (NYSE:CVX) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.55 EPS for the quarter, missing the consensus estimate of $2.93 by ($0.38). Chevron had a net margin of 9.31% and a return on equity of 13.70%. The firm had revenue of $51.18 billion during the quarter, compared to analysts’ expectations of $48.68 billion. During the same quarter in the prior year, the company earned $3.08 EPS. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts predict that Chevron Co. will post 10.74 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on CVX. Wolfe Research initiated coverage on shares of Chevron in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Wells Fargo & Company decreased their price target on Chevron from $196.00 to $169.00 and set an “overweight” rating for the company in a report on Friday, September 27th. UBS Group boosted their price objective on Chevron from $189.00 to $192.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Scotiabank decreased their target price on Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Finally, Truist Financial dropped their price target on Chevron from $154.00 to $150.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $173.07.

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.