Chevron Corporation $CVX is Kornitzer Capital Management Inc. KS’s 2nd Largest Position

Posted by Patrick Bannon on Jul 11th, 2026

Kornitzer Capital Management Inc. KS cut its holdings in shares of Chevron Corporation (NYSE:CVX – Free Report) by 7.1% in the first quarter, HoldingsChannel reports. The firm owned 910,008 shares of the oil and gas company’s stock after selling 69,055 shares during the period. Chevron accounts for about 4.1% of Kornitzer Capital Management Inc. KS’s holdings, making the stock its 2nd biggest holding. Kornitzer Capital Management Inc. KS’s holdings in Chevron were worth $188,281,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cedar Mountain Advisors LLC grew its holdings in Chevron by 14.8% during the first quarter. Cedar Mountain Advisors LLC now owns 465 shares of the oil and gas company’s stock worth $96,000 after acquiring an additional 60 shares during the period. Diversified Investment Strategies LLC acquired a new position in Chevron in the first quarter valued at approximately $253,000. Carmel Capital Partners LLC acquired a new position in Chevron in the first quarter valued at approximately $206,000. DMC Group LLC boosted its position in Chevron by 7.3% in the 1st quarter. DMC Group LLC now owns 7,943 shares of the oil and gas company’s stock worth $1,643,000 after purchasing an additional 543 shares in the last quarter. Finally, Stiles Financial Services Inc boosted its position in Chevron by 2.8% in the 1st quarter. Stiles Financial Services Inc now owns 4,400 shares of the oil and gas company’s stock worth $910,000 after purchasing an additional 119 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Price Performance

CVX traded up $2.24 during midday trading on Friday, hitting $176.29. 5,984,338 shares of the company traded hands, compared to its average volume of 9,284,713. 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 has a market capitalization of $351.10 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 0.59 and a beta of 0.50. Chevron Corporation has a 52-week low of $146.49 and a 52-week high of $214.71. The business has a 50 day simple moving average of $181.92 and a two-hundred day simple moving average of $181.29.

Chevron (NYSE:CVX – Get Free Report) last released its earnings results on Friday, May 1st. The oil and gas company reported $1.41 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 analysts’ expectations of $51.86 billion. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.18 earnings per share. On average, equities analysts forecast that Chevron Corporation will post 15.28 earnings per share for the current fiscal year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, May 19th were issued a $1.78 dividend. This represents a $7.12 annualized dividend and a yield of 4.0%. The ex-dividend date was Tuesday, May 19th. Chevron’s payout ratio is presently 123.40%.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

Positive Sentiment: Rising Middle East tensions are pushing crude higher, which can improve Chevron’s upstream profits and make the stock look more attractive as a geopolitical hedge. With Iran Tensions Heating Up Again, Chevron Stock Looks Enticing
Positive Sentiment: Bullish commentary from Bank of America and other analysts suggests Chevron is well positioned to benefit if Iran-related supply disruptions keep oil prices elevated. CVX Stock Has A New Bull Case
Positive Sentiment: Chevron announced a five-year gas supply deal with Australia’s Alinta Energy, adding a stable long-term sales stream and reinforcing its gas business. Chevron Australia signs five-year gas supply agreement with Alinta Energy
Positive Sentiment: Chevron also expanded its technology/licensing efforts and its Microsoft power partnership, which could support long-term growth beyond oil and gas pricing. Can Chevron’s Microsoft Partnership Power the Next Leg of Growth?
Neutral Sentiment: UBS reiterated a Buy rating, which may help sentiment but does not by itself change Chevron’s fundamentals. UBS Keeps Their Buy Rating on Chevron (CVX)
Negative Sentiment: New U.S. Russia sanctions proposals could tighten global energy trade flows and add policy uncertainty, even if they may also support oil prices. Bipartisan Senators Reach Agreement With Trump Administration to Advance New Russia Sanctions Bill

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CVX shares. Sanford C. Bernstein dropped their price objective on shares of Chevron from $216.00 to $204.00 and set a “market perform” rating on the stock in a research note on Monday, May 11th. TD Cowen boosted their target price on shares of Chevron from $204.00 to $205.00 and gave the company a “hold” rating in a research note on Friday, May 8th. Jefferies Financial Group reissued a “buy” rating and set a $216.00 price target on shares of Chevron in a report on Friday. The Goldman Sachs Group restated a “buy” rating and set a $216.00 price target on shares of Chevron in a research report on Wednesday, May 6th. Finally, Barclays lifted their price objective on shares of Chevron from $192.00 to $213.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Nineteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.83.

Check Out Our Latest Research Report on Chevron

Insider Transactions at Chevron

In other Chevron news, Director John B. Hess sold 380,000 shares of the business’s stock in a transaction that occurred 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 directly owned 278,045 shares in the company, valued at approximately $53,718,294. The trade was a 57.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.56% of the company’s stock.

Chevron Profile

(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.