American National Bank increased its position in shares of Chevron Co. (NYSE:CVX) by 0.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 54,954 shares of the company’s stock after buying an additional 301 shares during the period. Chevron accounts for 1.9% of American National Bank’s portfolio, making the stock its 14th largest position. American National Bank’s holdings in Chevron were worth $4,944,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Banced Corp boosted its position in shares of Chevron by 2.8% in the fourth quarter. Banced Corp now owns 8,991 shares of the company’s stock worth $808,000 after buying an additional 243 shares during the period. Indiana Trust & Investment Management Company boosted its position in shares of Chevron by 80.3% in the fourth quarter. Indiana Trust & Investment Management Company now owns 23,036 shares of the company’s stock worth $2,584,000 after buying an additional 10,256 shares during the period. Southport Capital Management boosted its position in shares of Chevron by 2.1% in the fourth quarter. Southport Capital Management now owns 14,934 shares of the company’s stock worth $1,343,000 after buying an additional 311 shares during the period. Renaissance Investment Group boosted its position in shares of Chevron by 2.4% in the fourth quarter. Renaissance Investment Group now owns 6,188 shares of the company’s stock worth $557,000 after buying an additional 146 shares during the period. Finally, Chelsea Counsel Company boosted its position in shares of Chevron by 62.5% in the third quarter. Chelsea Counsel Company now owns 91,377 shares of the company’s stock worth $7,208,000 after buying an additional 35,146 shares during the period.

Shares of Chevron Co. (NYSE:CVX) opened at 84.12 on Wednesday. Chevron Co. has a 52-week low of $69.58 and a 52-week high of $112.93. The company has a market cap of $158.32 billion and a P/E ratio of 18.26. The firm has a 50-day moving average of $86.84 and a 200-day moving average of $86.33.

Chevron (NYSE:CVX) last issued its earnings results on Friday, October 30th. The company reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.33. During the same quarter in the prior year, the company earned $2.95 earnings per share. The company earned $34.32 billion during the quarter, compared to the consensus estimate of $31.10 billion. Chevron’s revenue was down 37.2% on a year-over-year basis. Equities research analysts forecast that Chevron Co. will post $3.47 earnings per share for the current year.

Several analysts recently issued reports on CVX shares. Vetr cut Chevron from a “sell” rating to a “strong sell” rating and set a $85.50 target price on the stock. in a research note on Tuesday, November 3rd. Evercore ISI raised Chevron from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a research note on Tuesday, November 3rd. JPMorgan Chase & Co. reissued a “buy” rating on shares of Chevron in a research note on Wednesday, December 16th. Argus raised Chevron from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research note on Wednesday, December 16th. They noted that the move was a valuation call. Finally, Citigroup Inc. raised Chevron from a “neutral” rating to a “buy” rating and cut their target price for the stock from $110.00 to $95.00 in a research note on Wednesday, December 2nd. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $97.85.

In other Chevron news, EVP Joseph C. Geagea sold 14,000 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $95.11, for a total value of $1,331,540.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Patricia E. Yarrington sold 44,000 shares of the company’s stock in a transaction dated Thursday, November 19th. The stock was sold at an average price of $92.05, for a total transaction of $4,050,200.00. Following the completion of the transaction, the chief financial officer now owns 4,838 shares in the company, valued at $445,337.90. The disclosure for this sale can be found here.

Chevron Corporation (NYSE:CVX) manages its investments in subsidiaries and affiliates. The Company operates through two segments: Upstream and Downstream. Upstream operations consist primarily of exploring for, developing and producing crude oil and natural gas; processing, liquefaction, transportation and regasification associated with liquefied natural gas (LNG); transporting crude oil through international oil export pipelines; transporting, storing and marketing natural gas, and operating a gas-to-liquids plant. The Company’s Downstream operations primarily consist of refining crude oil into petroleum products; marketing crude oil and refined products; transporting crude oil and refined products by pipeline, marine vessel, motor equipment and rail car, and manufacturing and marketing commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives.

12 Month Chart for NYSE:CVX

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