McIlrath & Eck LLC Grows Position in Chevron Corporation $CVX

McIlrath & Eck LLC lifted its position in shares of Chevron Corporation (NYSE:CVX) by 87.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Midwest Capital Advisors LLC purchased a new stake in shares of Chevron during the 1st quarter worth about $25,000. Core Wealth Advisors LLC purchased a new position in shares of Chevron in the 4th quarter valued at about $26,000. Phillip James Consulting Co. acquired a new position in Chevron in the 4th quarter worth about $26,000. Quattro Advisors LLC purchased a new position in Chevron during the fourth quarter worth approximately $27,000. Finally, Karpus Management Inc. acquired a new position in shares of Chevron during the 4th quarter worth about $27,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Key Chevron News

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.

Chevron Stock Up 0.4%

NYSE CVX opened at $192.55 on Friday. Chevron Corporation has a 52 week low of $146.49 and a 52 week high of $214.71. The firm has a market cap of $383.48 billion, a PE ratio of 33.37, a P/E/G ratio of 0.59 and a beta of 0.50. The business’s fifty day simple moving average is $181.83 and its 200-day simple moving average is $184.88. 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) 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 business had revenue of $47.56 billion during 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 business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.18 EPS. As a group, equities analysts anticipate that Chevron Corporation will post 15.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Tudor Pickering upgraded Chevron from a “hold” rating to a “buy” rating and set a $225.00 price objective on the stock in a report on Thursday, April 9th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $216.00 price target on shares of Chevron in a research note on Friday, July 10th. TD Cowen increased their price objective on Chevron from $197.00 to $200.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. The Goldman Sachs Group restated a “buy” rating and issued a $216.00 price objective on shares of Chevron in a report on Wednesday, May 6th. Finally, Scotiabank lifted their target price on shares of Chevron from $168.00 to $187.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Eighteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $207.17.

Insiders Place Their Bets

In other Chevron news, Director John B. Hess sold 380,000 shares of the firm’s stock in a transaction 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 completion of the sale, the director owned 278,045 shares of the company’s stock, valued at $53,718,294. This trade represents a 57.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.56% of the company’s stock.

Chevron Company 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.