Chevron Corporation $CVX Shares Purchased by ABC Arbitrage SA

ABC Arbitrage SA boosted its stake in Chevron Corporation (NYSE:CVX) by 723.3% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,983 shares of the oil and gas company’s stock after buying an additional 19,313 shares during the quarter. ABC Arbitrage SA’s holdings in Chevron were worth $4,548,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nicholson Wealth Management Group LLC lifted its position in Chevron by 12.1% during the 1st quarter. Nicholson Wealth Management Group LLC now owns 3,246 shares of the oil and gas company’s stock worth $672,000 after acquiring an additional 350 shares in the last quarter. Summit Wealth Group LLC lifted its holdings in Chevron by 20.9% in the 1st quarter. Summit Wealth Group LLC now owns 2,730 shares of the oil and gas company’s stock worth $565,000 after buying an additional 472 shares in the last quarter. Calamos Wealth Management LLC lifted its holdings in Chevron by 18.4% in the 1st quarter. Calamos Wealth Management LLC now owns 125,749 shares of the oil and gas company’s stock worth $26,018,000 after buying an additional 19,560 shares in the last quarter. Calamos Advisors LLC boosted its position in Chevron by 12.6% in the 1st quarter. Calamos Advisors LLC now owns 691,326 shares of the oil and gas company’s stock valued at $143,035,000 after buying an additional 77,218 shares during the last quarter. Finally, AMG National Trust Bank boosted its position in Chevron by 4.0% in the 1st quarter. AMG National Trust Bank now owns 75,786 shares of the oil and gas company’s stock valued at $15,680,000 after buying an additional 2,904 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Oil prices jumped after renewed U.S.-Iran tensions and a tougher stance on the Strait of Hormuz, boosting expectations for stronger cash flow and earnings for large integrated producers like Chevron. Oil Surges As Trump Asserts Control Over Strait Of Hormuz; What Happens Now
• Positive Sentiment: Chevron extended its gas supply agreement with Alinta Energy through 2032, reinforcing long-term demand visibility and underscoring the company’s role in regional energy security. Chevron Extends WA Gas Supply Deal With Alinta Energy Through 2032
• Positive Sentiment: Analysts are highlighting Chevron’s potential for a free-cash-flow surge in the second half of 2026, which could support shareholder returns and valuation. Chevron (CVX) Looks Ready for a Free Cash Flow Surge in H2 2026
• Positive Sentiment: Chevron’s joint venture with GE Vernova could benefit from rising electricity demand tied to AI data centers, giving the stock an additional growth narrative beyond traditional oil prices. Does Chevron’s Joint Venture With GE Vernova Make the Stock a Buy Ahead of 2027?
• Neutral Sentiment: Industry reports say Chevron is among major oil companies preparing to explore offshore Uruguay, which is a longer-term opportunity but not an immediate earnings driver. Uruguay’s Offshore Oil Province Could Be Bigger Than Vaca Muerta
• Neutral Sentiment: Other coverage noting Chevron’s recent share strength and valuation commentary is broadly supportive, but does not add a major new catalyst on its own. Chevron (NYSE:CVX) Trading 1.3% Higher – Still a Buy?

Chevron Stock Performance

Shares of CVX stock opened at $182.09 on Tuesday. The company has a market cap of $362.66 billion, a P/E ratio of 31.56, a PEG ratio of 0.60 and a beta of 0.50. The business has a 50 day moving average of $181.68 and a two-hundred day moving average of $181.73. Chevron Corporation has a 52 week low of $146.49 and a 52 week high of $214.71. The company has a quick ratio of 0.84, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Chevron (NYSE:CVX) last posted its earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.41. Chevron had a return on equity of 6.90% and a net margin of 5.79%.The company had revenue of $47.56 billion for the quarter, compared to analysts’ expectations of $51.86 billion. During the same period last year, the business posted $2.18 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, analysts anticipate that Chevron Corporation will post 15.28 EPS for the current year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, May 19th were given a $1.78 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $7.12 annualized dividend and a yield of 3.9%. Chevron’s dividend payout ratio (DPR) is currently 123.40%.

Wall Street Analyst Weigh In

CVX has been the subject of several research analyst reports. Tudor Pickering upgraded Chevron from a “hold” rating to a “buy” rating and set a $225.00 target price for the company in a research note on Thursday, April 9th. Wells Fargo & Company boosted their price objective on Chevron from $204.00 to $222.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Barclays upped their price objective on Chevron from $192.00 to $213.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. Mizuho increased their target price on Chevron from $225.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Finally, BNP Paribas Exane upgraded Chevron from a “neutral” rating to an “outperform” rating and set a $174.00 target price for the company in a research report on Friday, April 17th. Nineteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.83.

Insiders Place Their Bets

In other news, Director John B. Hess sold 380,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $193.20, for a total transaction of $73,416,000.00. Following the completion of the transaction, the director directly owned 278,045 shares in the company, valued at approximately $53,718,294. The trade was a 57.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.56% of the stock is currently owned by corporate insiders.

Chevron Company Profile

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.