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

QRG Capital Management Inc. raised its position in shares of Chevron Corporation (NYSE:CVX) by 11.6% during the second quarter, HoldingsChannel reports. The firm owned 345,288 shares of the oil and gas company’s stock after purchasing 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 hedge funds have also recently added to or reduced their stakes in the company. Midwest Capital Advisors LLC bought a new position in shares of Chevron during the 1st quarter valued at about $25,000. Core Wealth Advisors LLC bought a new stake in Chevron in the 4th quarter worth approximately $26,000. Phillip James Consulting Co. purchased a new stake in Chevron in the fourth quarter worth approximately $26,000. Basso Capital Management L.P. purchased a new stake in Chevron in the fourth quarter worth approximately $27,000. Finally, Main Street Group LTD bought a new position in Chevron during the first quarter valued at approximately $28,000. Institutional investors own 72.42% of the company’s stock.

Insider Transactions at Chevron

In related news, insider Andrew Walz sold 16,800 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $201.06, for a total value of $3,377,808.00. Following the sale, the insider directly owned 14 shares of the company’s stock, valued at $2,814.84. This represents a 99.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider R. Pate sold 2,470 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $2,213,957.34. This trade represents a 18.62% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,152,582 shares of company stock valued at $225,853,661. Company insiders own 0.56% of the company’s stock.

Chevron Trading Up 1.4%

Shares of NYSE:CVX traded up $2.80 on Wednesday, hitting $205.21. The company had a trading volume of 8,256,541 shares, compared to its average volume of 10,717,764. The firm’s 50-day simple moving average is $200.25 and its two-hundred day simple moving average is $191.97. The firm has a market capitalization of $405.45 billion, a price-to-earnings ratio of 19.68, a P/E/G ratio of 0.60 and a beta of 0.50. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. Chevron Corporation has a 1 year low of $146.49 and a 1 year high of $217.78.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.55 by $0.51. The company 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%. Chevron’s quarterly revenue was up 57.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.77 earnings per share. Equities analysts anticipate that Chevron Corporation will post 16.52 earnings per share for the current fiscal year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were paid a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Wednesday, August 19th. Chevron’s dividend payout ratio (DPR) is presently 68.26%.

More Chevron News

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

Analyst Ratings Changes

Several research analysts have commented on CVX shares. UBS Group reissued a “buy” rating on shares of Chevron in a research note on Tuesday, June 23rd. Wells Fargo & Company increased their target price on shares of Chevron from $226.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. TD Cowen lifted their target price on shares of Chevron from $200.00 to $205.00 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. Weiss Ratings raised shares of Chevron from a “hold (c)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Finally, Mizuho set a $224.00 price target on shares of Chevron in a research report on Monday, August 3rd. Twenty research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $211.35.

About Chevron

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.