QRG Capital Management Inc. Purchases 35,889 Shares of Chevron Corporation $CVX

Key Points

• QRG Capital Management increased its Chevron stake by 11.6% in the second quarter, buying 35,889 shares and bringing its holdings to 345,288 shares valued at approximately $57.2 million. Institutional investors collectively own 72.42% of Chevron.
• Chevron reported quarterly EPS of $6.06, exceeding estimates of $5.55, while revenue reached $67.2 billion, up 57.4% year over year. The company also pays a quarterly dividend of $1.78 per share, equivalent to a 3.5% annualized yield.
• Analysts maintain a “Moderate Buy” consensus on CVX, with an average price target of $211.35; however, insiders sold more than 1.15 million shares worth approximately $225.9 million over the past three months.

QRG Capital Management Inc. lifted its holdings in Chevron Corporation (NYSE:CVX - Free Report) by 11.6% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 345,288 shares of the oil and gas company's stock after buying an additional 35,889 shares during the period. QRG Capital Management Inc.'s holdings in Chevron were worth $57,235,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in CVX. First PREMIER Bank boosted its stake in Chevron by 0.8% in the second quarter. First PREMIER Bank now owns 6,450 shares of the oil and gas company's stock valued at $1,070,000 after acquiring an additional 50 shares during the last quarter. Vanguard Capital Wealth Advisors lifted its stake in Chevron by 1.8% in the second quarter. Vanguard Capital Wealth Advisors now owns 2,818 shares of the oil and gas company's stock valued at $467,000 after purchasing an additional 50 shares during the last quarter. Cornerstone Advisory LLC raised its stake in Chevron by 0.9% in the 1st 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 raised its stake in 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 valued at $609,000 after acquiring an additional 56 shares during the period. Finally, Quantum Portfolio Management LLC lifted its holdings in Chevron by 2.7% during the first quarter. Quantum Portfolio Management LLC now owns 2,101 shares of the oil and gas company's stock valued at $435,000 after purchasing an additional 56 shares during the last quarter. Institutional investors own 72.42% of the company's stock.

Chevron Price Performance

NYSE:CVX traded up $2.80 during mid-day trading on Wednesday, hitting $205.21. 8,256,541 shares of the stock traded hands, compared to its average volume of 10,717,764. The business's 50-day moving average price is $200.25 and its 200 day moving average price is $191.97. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. The company has a market cap of $405.45 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 0.60 and a beta of 0.50. Chevron Corporation has a 12-month low of $146.49 and a 12-month high of $217.78.

Chevron (NYSE:CVX - Get Free Report) last posted its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.55 by $0.51. The business had revenue of $67.20 billion for the quarter, compared to analysts' expectations of $62.72 billion. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The business's revenue for the quarter was up 57.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.77 EPS. On average, analysts expect that Chevron Corporation will post 16.52 EPS for the current fiscal year.

Chevron Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were paid a dividend of $1.78 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $7.12 annualized dividend and a yield of 3.5%. Chevron's dividend payout ratio (DPR) is currently 68.26%.

Insiders Place Their Bets

In related news, Director John Hess sold 100,000 shares of the business's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $194.26, for a total transaction of $19,426,000.00. Following the completion of the transaction, the director directly owned 178,045 shares in the company, valued at $34,587,021.70. The trade was a 35.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider R. Pate sold 2,470 shares of the company's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $205.11, for a total value of $506,621.70. Following the completion of the transaction, the insider owned 10,794 shares in the company, valued at $2,213,957.34. This represents a 18.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,152,582 shares of company stock worth $225,853,661 over the last three months. Corporate insiders own 0.56% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CVX. Morgan Stanley lifted their target price on shares of Chevron from $210.00 to $218.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 19th. BMO Capital Markets raised their price objective on shares of Chevron from $210.00 to $235.00 and gave the stock an "outperform" rating in a report on Thursday, September 3rd. Wolfe Research upgraded shares of Chevron from a "peer perform" rating to an "outperform" rating and set a $210.00 price objective for the company in a research note on Thursday, July 2nd. Dbs Bank raised shares of Chevron to a "moderate buy" rating in a report on Thursday, August 6th. Finally, TD Cowen increased their target price on Chevron from $200.00 to $205.00 and gave the stock a "hold" rating in a research report on Wednesday, August 5th. Twenty investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Chevron currently has a consensus rating of "Moderate Buy" and a consensus target price of $211.35.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron CFO Eimear Bonner said the company does not expect much near-term relief from elevated oil prices. Persistently strong crude prices could support Chevron’s upstream earnings and cash flow, although volatility remains a key risk. Chevron CFO sees little relief anytime soon from elevated oil prices
• Positive Sentiment: Chevron plans to increase exploration spending by roughly 50% next year and drill more wells. The investment could strengthen production growth and support long-term dividend and cash-flow potential, though returns will depend on commodity prices and execution. Chevron exploration spending plans
• Positive Sentiment: Greece said Chevron will begin seismic research in offshore blocks by year-end. The work provides a potential avenue for future exploration opportunities, although it is still an early-stage development without an immediate earnings impact. Greece says Chevron to start seismic research by year-end
• Positive Sentiment: Industry coverage remains constructive on integrated energy companies, citing solid oil prices, stable integrated operations and resilient midstream businesses. Chevron is also receiving analyst support amid uncertainty surrounding oil markets and geopolitical risks. Wall Street commentary on Chevron
• Neutral Sentiment: Erste Group modestly raised its FY2026 and FY2027 EPS forecasts for Chevron, while Zacks coverage and increased investor attention highlight the stock’s visibility. The revisions are supportive but relatively small compared with broader consensus estimates. What to know beyond why Chevron is a trending stock
• Negative Sentiment: A proposed bill would temporarily ban U.S. diesel exports when the domestic retail price exceeds $5 per gallon for 14 consecutive days. If enacted, the measure could disrupt Chevron’s refined-product trade flows and affect refining margins, though it currently has limited legislative support. Diesel Price Reduction Act of 2026

Chevron Company Profile

Chevron Corporation is an integrated energy company engaged in the exploration, production, transportation and sale of crude oil and natural gas. The company also manufactures and markets transportation fuels, lubricants, petrochemicals and additives through operations and brands that include Chevron, Texaco and Caltex.

Chevron's upstream activities include oil and natural gas exploration and production, while its downstream business includes refining, fuel marketing, transportation and related energy services.

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