KBC Group NV Buys 105,475 Shares of Chevron Corporation $CVX

KBC Group NV raised its stake in Chevron Corporation (NYSE:CVX) by 49.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 320,938 shares of the oil and gas company’s stock after acquiring an additional 105,475 shares during the quarter. KBC Group NV’s holdings in Chevron were worth $66,402,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Chevron in the fourth quarter valued at approximately $3,727,586,000. State Street Corp raised its position in Chevron by 9.1% in the 3rd quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock worth $23,698,184,000 after purchasing an additional 12,789,399 shares during the last quarter. Berkshire Hathaway Inc lifted its holdings in Chevron by 6.6% during the 4th quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock worth $19,837,131,000 after buying an additional 8,091,570 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Chevron by 822.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,211,258 shares of the oil and gas company’s stock worth $946,658,000 after buying an additional 5,537,580 shares in the last quarter. Finally, Amundi boosted its position in Chevron by 41.8% in the 3rd quarter. Amundi now owns 11,760,376 shares of the oil and gas company’s stock valued at $1,811,333,000 after buying an additional 3,464,058 shares during the last quarter. 72.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CVX has been the subject of several research reports. Sanford C. Bernstein lowered their target price on Chevron from $216.00 to $204.00 and set a “market perform” rating for the company in a research note on Monday, May 11th. Morgan Stanley cut their price target on Chevron from $214.00 to $210.00 and set an “overweight” rating on the stock in a research note on Monday, June 29th. Wells Fargo & Company raised their price target on Chevron from $204.00 to $222.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Wolfe Research upgraded Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 price objective for the company in a research report on Thursday, July 2nd. Finally, UBS Group reissued a “buy” rating on shares of Chevron in a report on Tuesday, June 23rd. Nineteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Chevron presently has an average rating of “Moderate Buy” and a consensus target price of $206.83.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Crude oil prices jumped above $90 a barrel overnight amid Middle East supply concerns, which can improve Chevron’s upstream pricing and earnings power. Why Are BATL, TPET, XOM, CVX, USO, UCO Stocks Rising Overnight?
• Positive Sentiment: Analysts say Chevron is one of several energy names poised to beat second-quarter earnings estimates, helped by higher oil prices supporting production and oilfield demand. Chevron & 2 Energy Stocks Poised to Beat Q2 Earnings Estimates
• Positive Sentiment: Chevron remains in focus as a potential beneficiary of rising oil prices and broader energy-market volatility tied to Iran-related headlines. Oil Prices Whipsaw On Iran Diplomacy Hopes, Houthi Threat
• Positive Sentiment: Chevron’s push into power deals, including a 2.7-gigawatt agreement with Microsoft, shows the company is expanding beyond traditional oil and gas demand. Chevron Is Hungry for More Power Deals After Inking a 2.7-Gigawatt Contract With Microsoft. Here’s Where the Energy Giant Is Looking Next.
• Neutral Sentiment: Chevron shut in production at its Petronius platform in the U.S. Gulf of Mexico and evacuated personnel ahead of Tropical Depression Two, a prudent safety move that may create only temporary operational disruption. Chevron shuts in US Gulf platform in preparation for developing tropical storm
• Neutral Sentiment: Coverage comparing Chevron with ExxonMobil and broader market commentary are keeping CVX in investor focus, but these items are more sentiment-driven than fundamental. Chevron vs. ExxonMobil: Only One Deserves a Spot in Your Portfolio Today.
• Negative Sentiment: At least one analyst lowered FY2026 EPS estimates for Chevron, suggesting some caution on full-year profitability expectations. FY2026 EPS Estimates for Chevron Decreased by Analyst

Chevron Price Performance

CVX opened at $189.71 on Tuesday. The company has a fifty day moving average price of $181.64 and a two-hundred day moving average price of $182.93. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.09. Chevron Corporation has a 52 week low of $146.49 and a 52 week high of $214.71. The firm has a market capitalization of $377.83 billion, a PE ratio of 32.88, a P/E/G ratio of 0.66 and a beta of 0.50.

Chevron (NYSE:CVX) last issued its earnings results on Friday, May 1st. The oil and gas company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.00 by $0.41. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The company had revenue of $47.56 billion during the quarter, compared to analysts’ expectations of $51.86 billion. During the same quarter in the previous year, the company posted $2.18 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, analysts anticipate that Chevron Corporation will post 14.78 earnings per share for the current year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, May 19th were issued a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Tuesday, May 19th. Chevron’s dividend payout ratio is currently 123.40%.

Insiders Place Their Bets

In other Chevron news, Director John B. Hess sold 380,000 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $193.20, for a total value of $73,416,000.00. Following the transaction, the director owned 278,045 shares of the company’s stock, valued at approximately $53,718,294. This represents a 57.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.56% of the company’s stock.

About Chevron

Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.