McIlrath & Eck LLC Grows Holdings in Chevron Corporation $CVX

McIlrath & Eck LLC lifted its stake in Chevron Corporation (NYSE:CVX) by 87.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 5,936 shares of the oil and gas company’s stock after purchasing an additional 2,769 shares during the quarter. McIlrath & Eck LLC’s holdings in Chevron were worth $1,228,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Midwest Capital Advisors LLC acquired a new stake in shares of Chevron in the first quarter valued at $25,000. Core Wealth Advisors LLC acquired a new position in Chevron during the 4th quarter worth about $26,000. Phillip James Consulting Co. purchased a new position in Chevron during the 4th quarter valued at about $26,000. Basso Capital Management L.P. purchased a new position in Chevron during the 4th quarter valued at about $27,000. Finally, Karpus Management Inc. acquired a new position in Chevron in the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. The Goldman Sachs Group reiterated a “buy” rating and set a $216.00 price target on shares of Chevron in a research note on Wednesday, May 6th. Morgan Stanley decreased their price target on shares of Chevron from $214.00 to $210.00 and set an “overweight” rating for the company in a research report on Monday, June 29th. UBS Group restated a “buy” rating on shares of Chevron in a research note on Tuesday, June 23rd. Wolfe Research upgraded Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 price objective on the stock in a research note on Thursday, July 2nd. Finally, Tudor Pickering upgraded Chevron from a “hold” rating to a “buy” rating and set a $225.00 target price for the company in a report on Thursday, April 9th. Eighteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Chevron has an average rating of “Moderate Buy” and an average price target of $207.17.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Higher crude prices following renewed Middle East hostilities are improving the earnings outlook for oil producers. Chevron is also benefiting from increased production in Venezuela, contributing to its recent outperformance among Dow components. Dow Leader Rides Surging Oil Prices And Trump’s Venezuela Spoils
• Positive Sentiment: Analysts are anticipating a particularly strong quarter for Chevron and Exxon Mobil, with higher oil prices potentially producing their best combined results in several quarters. Chevron, ExxonMobil Earnings Preview
• Positive Sentiment: Bank of America favors Chevron over Exxon Mobil, while Erste Group raised its Chevron EPS forecasts to $14.58 for fiscal 2026 and $12.61 for fiscal 2027. The revisions reinforce a constructive analyst view, although estimates remain below the broader full-year consensus of $15.61. Exxon Cut to Neutral at BofA
• Neutral Sentiment: Friday’s earnings release is the main near-term catalyst. Investors will focus on whether higher oil prices and Venezuela production translate into stronger cash flow and whether Chevron can demonstrate progress in potential growth areas including Iraq, Venezuela, Argentina and power demand from artificial-intelligence data centers. Chevron Earnings Could Reveal the Oil Giant’s Next Growth Engine
• Negative Sentiment: Expectations are elevated ahead of the report, increasing the risk of profit-taking if results, guidance or growth investments fail to exceed forecasts. Continued Middle East tensions also support crude prices but introduce greater geopolitical and operational volatility.

Insider Buying and Selling at Chevron

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 transaction of $73,416,000.00. Following the sale, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.56% of the company’s stock.

Chevron Stock Performance

NYSE:CVX opened at $192.55 on Friday. The firm has a market capitalization of $383.48 billion, a PE ratio of 33.37, a price-to-earnings-growth ratio of 0.59 and a beta of 0.50. The business’s fifty day moving average price is $181.83 and its 200 day moving average price is $184.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.84. Chevron Corporation has a 12 month low of $146.49 and a 12 month high of $214.71.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.41. The company had revenue of $47.56 billion during the quarter, compared to the consensus estimate of $51.86 billion. Chevron had a return on equity of 6.90% and a net margin of 5.79%.Chevron’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.18 EPS. On average, sell-side analysts anticipate that Chevron Corporation will post 15.64 earnings per share for the current fiscal year.

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.