PNC Financial Services Group Inc. Raises Position in Chevron Corporation $CVX

Posted by Brenda Bartman on Jul 22nd, 2026

PNC Financial Services Group Inc. raised its stake in Chevron Corporation (NYSE:CVX – Free Report) by 0.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 3,928,530 shares of the oil and gas company’s stock after buying an additional 22,350 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Chevron were worth $812,813,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Oslo Pensjonsforsikring AS purchased a new position in shares of Chevron during the first quarter valued at approximately $1,650,000. HORAN Wealth LLC raised its position in Chevron by 101.6% in the 1st quarter. HORAN Wealth LLC now owns 18,030 shares of the oil and gas company’s stock valued at $3,730,000 after buying an additional 9,086 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new position in Chevron during the 1st quarter valued at $1,044,000. DJE Kapital AG bought a new position in Chevron during the 1st quarter valued at $269,790,000. Finally, Summit Asset Management LLC boosted its holdings in Chevron by 7.2% during the 1st quarter. Summit Asset Management LLC now owns 5,318 shares of the oil and gas company’s stock worth $1,100,000 after acquiring an additional 355 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Insiders Place Their Bets

In other Chevron news, Director John B. Hess sold 380,000 shares of the business’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 transaction, the director directly owned 278,045 shares in the company, valued at $53,718,294. The trade was 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. 0.56% of the stock is currently owned by insiders.

Chevron Trading Up 0.6%

NYSE CVX opened at $190.94 on Wednesday. The stock has a market capitalization of $380.28 billion, a price-to-earnings ratio of 33.09, a PEG ratio of 0.67 and a beta of 0.50. Chevron Corporation has a one year low of $146.49 and a one year high of $214.71. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.84. The business’s fifty day moving average is $181.74 and its 200-day moving average is $183.20.

Chevron (NYSE:CVX – Get Free Report) last issued its quarterly 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 company 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 firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.18 EPS. Equities research analysts predict that Chevron Corporation will post 14.78 EPS for the current year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 19th were given a $1.78 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $7.12 annualized dividend and a yield of 3.7%. Chevron’s payout ratio is currently 123.40%.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

Positive Sentiment: Oil prices surged above $90 a barrel amid Middle East tensions, helping lift Chevron along with other energy names as investors expect stronger upstream cash flow. Why Are BATL, TPET, XOM, CVX, USO, UCO Stocks Rising Overnight?
Positive Sentiment: Analysts said Chevron and other energy stocks look positioned to beat second-quarter earnings estimates thanks to elevated crude prices supporting production and drilling economics. Chevron & 2 Energy Stocks Poised to Beat Q2 Earnings Estimates
Positive Sentiment: Chevron was also highlighted in a bullish oil-market backdrop, with some commentary pointing to rising geopolitical risk and tight U.S. oil inventories as reasons energy stocks could reprice higher. Chevron shuts US Gulf platform in preparation for developing tropical storm
Neutral Sentiment: Chevron shut in production at its Petronius U.S. Gulf platform ahead of a tropical storm; this is typically a temporary operational step, but it can trim near-term output until conditions improve. Chevron shuts production at US Gulf platform ahead of tropical storm
Negative Sentiment: One report noted FY2026 EPS estimates for Chevron were lowered by an analyst, which could pressure sentiment if it signals softer earnings expectations. FY2026 EPS Estimates for Chevron Decreased by Analyst

Wall Street Analyst Weigh In

CVX has been the subject of several analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $220.00 target price on shares of Chevron in a report on Tuesday, May 5th. Morgan Stanley reduced their price objective 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. Barclays increased their price objective on shares of Chevron from $192.00 to $213.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. 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 report on Wednesday, April 22nd. Finally, TD Cowen boosted their target price on Chevron from $204.00 to $205.00 and gave the stock a “hold” rating in a research note on Friday, May 8th. Nineteen 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $206.83.

View 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.