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

Key Points

• KBC Group NV increased its Chevron stake by 49% in the first quarter, adding 105,475 shares to bring its total holding to 320,938 shares worth about $66.4 million.
• Chevron stock was trading up about 1.2%, supported by higher crude prices and optimism that the company could benefit from stronger upstream earnings and Q2 results.
• The company recently beat quarterly EPS estimates, but analysts have been mixed overall: Chevron pays a 3.8% dividend yield, while at least one analyst cut FY2026 EPS estimates and one major insider sale was disclosed.

KBC Group NV grew its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 49.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 320,938 shares of the oil and gas company's stock after buying an additional 105,475 shares during the period. KBC Group NV's holdings in Chevron were worth $66,402,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Cornerstone Advisory LLC increased its stake in Chevron by 0.9% during the first quarter. Cornerstone Advisory LLC now owns 5,625 shares of the oil and gas company's stock valued at $1,164,000 after acquiring an additional 52 shares during the period. Compton Financial Group LLC lifted its position in shares of Chevron by 1.9% in the 1st quarter. Compton Financial Group LLC now owns 2,944 shares of the oil and gas company's stock worth $609,000 after acquiring an additional 56 shares during the period. Quantum Portfolio Management LLC grew its holdings in shares of Chevron by 2.7% during the 1st quarter. Quantum Portfolio Management LLC now owns 2,101 shares of the oil and gas company's stock worth $435,000 after purchasing an additional 56 shares in the last quarter. D.B. Root & Company LLC grew its holdings in shares of Chevron by 1.0% during the 4th quarter. D.B. Root & Company LLC now owns 5,552 shares of the oil and gas company's stock worth $846,000 after purchasing an additional 57 shares in the last quarter. Finally, Chatterton & Associates Inc. increased its position in shares of Chevron by 1.7% during the first quarter. Chatterton & Associates Inc. now owns 3,427 shares of the oil and gas company's stock valued at $652,000 after purchasing an additional 57 shares during the period. 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: 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 Trading Up 1.2%

Shares of CVX stock opened at $189.71 on Tuesday. Chevron Corporation has a 12-month low of $146.49 and a 12-month high of $214.71. The company 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. The firm has a 50-day moving average price of $181.64 and a 200 day moving average price of $182.93. 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 - Get Free Report) last issued its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.41. The firm had revenue of $47.56 billion for the quarter, compared to analysts' expectations of $51.86 billion. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The company's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.18 earnings per share. Research analysts forecast that Chevron Corporation will post 14.78 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 19th were issued a $1.78 dividend. This represents a $7.12 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Tuesday, May 19th. Chevron's payout ratio is presently 123.40%.

Analysts Set New Price Targets

CVX has been the subject of a number of recent research reports. Royal Bank Of Canada restated an "outperform" rating and issued a $220.00 target price on shares of Chevron in a research note on Tuesday, May 5th. BNP Paribas Exane upgraded shares of Chevron from a "neutral" rating to an "outperform" rating and set a $174.00 price target on the stock in a research note on Friday, April 17th. TD Cowen boosted their price target on shares of Chevron from $204.00 to $205.00 and gave the company a "hold" rating in a report on Friday, May 8th. UBS Group restated a "buy" rating on shares of Chevron in a research note on Tuesday, June 23rd. Finally, Zacks Research downgraded shares of Chevron from a "strong-buy" rating to a "hold" rating in a report on Monday, June 8th. Nineteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Chevron has an average rating of "Moderate Buy" and an average target price of $206.83.

Insider Activity at Chevron

In related news, Director John B. Hess sold 380,000 shares of the 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 sale, the director directly owned 278,045 shares in the company, valued at $53,718,294. This represents a 57.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is owned by insiders.

Chevron 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.

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