Bleakley Financial Group LLC Grows Stake in Chevron Corporation $CVX

Posted by Kyle Jackson on Jul 14th, 2026

Bleakley Financial Group LLC raised its holdings in Chevron Corporation (NYSE:CVX – Free Report) by 11.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 88,844 shares of the oil and gas company’s stock after buying an additional 9,382 shares during the quarter. Bleakley Financial Group LLC’s holdings in Chevron were worth $18,382,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in CVX. State Street Corp lifted its stake in Chevron by 9.1% in the third quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock worth $23,698,184,000 after acquiring an additional 12,789,399 shares during the period. Berkshire Hathaway Inc boosted its holdings in Chevron by 6.6% in the fourth quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock valued at $19,837,131,000 after acquiring an additional 8,091,570 shares in the last quarter. Geode Capital Management LLC increased its position in Chevron by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 43,613,011 shares of the oil and gas company’s stock valued at $6,620,187,000 after purchasing an additional 134,890 shares during the period. Charles Schwab Investment Management Inc. increased its position in Chevron by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 36,036,844 shares of the oil and gas company’s stock valued at $5,492,377,000 after purchasing an additional 961,341 shares during the period. Finally, Norges Bank bought a new position in Chevron in the 4th quarter worth $3,727,586,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron Stock Performance

Shares of CVX stock opened at $182.09 on Tuesday. Chevron Corporation has a 12 month low of $146.49 and a 12 month high of $214.71. The stock has a market cap of $362.66 billion, a PE ratio of 31.56, a price-to-earnings-growth ratio of 0.60 and a beta of 0.50. 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 company’s fifty day moving average price is $181.68 and its 200-day moving average price is $181.73.

Chevron (NYSE:CVX – Get Free Report) last released its earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.41. The firm had revenue of $47.56 billion for the quarter, compared to the consensus estimate of $51.86 billion. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The company’s 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 EPS. On average, equities analysts expect that Chevron Corporation will post 15.28 EPS for the current fiscal 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 paid a dividend of $1.78 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $7.12 annualized dividend and a yield of 3.9%. Chevron’s payout ratio is presently 123.40%.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

Positive Sentiment: Oil prices jumped after renewed U.S.-Iran tensions and a tougher stance on the Strait of Hormuz, boosting expectations for stronger cash flow and earnings for large integrated producers like Chevron. Oil Surges As Trump Asserts Control Over Strait Of Hormuz; What Happens Now
Positive Sentiment: Chevron extended its gas supply agreement with Alinta Energy through 2032, reinforcing long-term demand visibility and underscoring the company’s role in regional energy security. Chevron Extends WA Gas Supply Deal With Alinta Energy Through 2032
Positive Sentiment: Analysts are highlighting Chevron’s potential for a free-cash-flow surge in the second half of 2026, which could support shareholder returns and valuation. Chevron (CVX) Looks Ready for a Free Cash Flow Surge in H2 2026
Positive Sentiment: Chevron’s joint venture with GE Vernova could benefit from rising electricity demand tied to AI data centers, giving the stock an additional growth narrative beyond traditional oil prices. Does Chevron’s Joint Venture With GE Vernova Make the Stock a Buy Ahead of 2027?
Neutral Sentiment: Industry reports say Chevron is among major oil companies preparing to explore offshore Uruguay, which is a longer-term opportunity but not an immediate earnings driver. Uruguay’s Offshore Oil Province Could Be Bigger Than Vaca Muerta
Neutral Sentiment: Other coverage noting Chevron’s recent share strength and valuation commentary is broadly supportive, but does not add a major new catalyst on its own. Chevron (NYSE:CVX) Trading 1.3% Higher – Still a Buy?

Insider Buying and Selling

In other Chevron news, Director John B. Hess sold 380,000 shares of the company’s stock in a transaction dated 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 sale, the director owned 278,045 shares in the company, valued at approximately $53,718,294. This represents a 57.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.56% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently commented on CVX. Wells Fargo & Company raised their target price on shares of Chevron from $204.00 to $222.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Weiss Ratings cut shares of Chevron from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. Citigroup increased their price target on shares of Chevron from $210.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. UBS Group restated a “buy” rating on shares of Chevron in a report on Tuesday, June 23rd. Finally, Scotiabank lifted their price objective on Chevron from $168.00 to $187.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. 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. Based on data from MarketBeat.com, Chevron has a consensus rating of “Moderate Buy” and an average target price of $206.83.

Read Our Latest Stock Analysis on CVX

About Chevron

(Free Report)

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.