Commerzbank Aktiengesellschaft FI Purchases 116,178 Shares of Chevron Corporation $CVX

Key Points

• Commerzbank Aktiengesellschaft FI increased its Chevron stake by 13.8% in the first quarter, buying 116,178 shares and lifting its total holdings to 958,552 shares valued at about $198.3 million.
• Chevron reported better-than-expected Q1 earnings of $1.41 per share, topping analyst estimates, though revenue came in below forecasts at $47.56 billion.
• The company’s 3.8% dividend yield remains a key draw for investors, while analysts are mixed overall with a consensus rating of “Moderate Buy” and an average price target of $206.83.

Commerzbank Aktiengesellschaft FI grew its position in shares of Chevron Corporation (NYSE:CVX - Free Report) by 13.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 958,552 shares of the oil and gas company's stock after buying an additional 116,178 shares during the quarter. Chevron makes up about 4.1% of Commerzbank Aktiengesellschaft FI's investment portfolio, making the stock its 4th biggest position. Commerzbank Aktiengesellschaft FI's holdings in Chevron were worth $198,324,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Midwest Capital Advisors LLC acquired a new position in Chevron in the first quarter worth $25,000. Main Street Group LTD bought a new stake in shares of Chevron during the first quarter worth $28,000. Phillip James Consulting Co. acquired a new stake in shares of Chevron in the fourth quarter valued at $26,000. Core Wealth Advisors LLC bought a new position in shares of Chevron in the fourth quarter valued at about $26,000. Finally, Karpus Management Inc. bought a new position in shares of Chevron in the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 72.42% of the company's stock.

Insiders Place Their Bets

In other Chevron news, Director John B. Hess sold 380,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $193.20, for a total value of $73,416,000.00. Following the transaction, the director directly owned 278,045 shares of the company's stock, valued at approximately $53,718,294. This trade represents a 57.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.56% of the stock is owned by corporate insiders.

Chevron Stock Performance

Shares of NYSE:CVX opened at $189.71 on Tuesday. The stock has a market capitalization of $377.83 billion, a P/E ratio of 32.88, a P/E/G ratio of 0.66 and a beta of 0.50. Chevron Corporation has a 1-year low of $146.49 and a 1-year high of $214.71. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $181.64 and a two-hundred day moving average price of $182.93.

Chevron (NYSE:CVX - Get Free Report) last issued its earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (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 for the quarter, compared to analyst estimates of $51.86 billion. During the same quarter last year, the firm earned $2.18 EPS. The company's revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts predict that Chevron Corporation will post 14.78 earnings per share for the current year.

Chevron Announces Dividend

The firm 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 annualized dividend and a yield of 3.8%. The ex-dividend date was Tuesday, May 19th. Chevron's dividend payout ratio is currently 123.40%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CVX. Zacks Research downgraded shares of Chevron from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 8th. Citigroup raised their price objective on shares of Chevron from $210.00 to $235.00 and gave the company a "buy" rating in a research report on Thursday, April 2nd. Tudor Pickering raised shares of 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. Royal Bank Of Canada reiterated an "outperform" rating and set a $220.00 target price on shares of Chevron in a research report on Tuesday, May 5th. Finally, Sanford C. Bernstein decreased their price target on shares of Chevron from $216.00 to $204.00 and set a "market perform" rating on the stock in a research note on Monday, May 11th. Nineteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $206.83.

Key Chevron News

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.