Mirae Asset Securities (Usa) 13F: New $20M Stake in Chevron (CVX)
Mirae Asset Securities (Usa) has opened a fresh position in Chevron Corporation, picking up over 100,000 shares.
Reviewed by automated data checks against the source filing. How we make and check alerts
Mirae Asset Securities (Usa) opened a new position of 100,177 shares in Chevron Corporation ($CVX), according to a 13F filing with the SEC dated October 15, 2026. It reported 100,177 shares worth $20.46 million at the end of the quarter.
Since the filing, $CVX is up 2.6% to date (from the $219.32 close on Oct 15, 2026).
Find the original: Mirae Asset Securities (Usa) 13F filings on SEC EDGAR
CVX
Chevron Corporation
Key Points
- Mirae Asset Securities (Usa) opened a new position in Chevron Corporation (NYSE: CVX) by acquiring 100,177 shares valued at roughly $20.5 million.
- Chevron shares recently traded around $224.44, sitting near its 52-week high and above key moving averages.
- Other large institutional investors also adjusted their stakes, while company insiders reported selling shares over the summer.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Chevron Corporation alert may contain errors. Disclosures
Mirae Asset Securities (Usa) added a new holding to its portfolio during the period, picking up shares of Chevron Corporation (NYSE: CVX) according to an SEC filing on October 15, 2026. Institutional 13F filings look backward at holdings from the end of the reporting quarter and may not reflect the investor's current spot today.
Inside Mirae Asset Securities (Usa)'s Chevron Trade
Mirae Asset Securities (Usa) opened a brand-new stake in Chevron Corporation by acquiring 100,177 shares. The newly minted position carried a reported value of $20,457,145 at the time of the filing. Because this was a fresh purchase with no prior shares held, the fund established its footprint in the energy giant all at once.
Other Institutional Activity in Chevron
Other major funds made sizeable adjustments to their Chevron holdings around the same time. Blackrock Inc. grew its holdings by 10,101,663 shares, ending with 154,824,622 shares worth about $34,833,992,554. State Street Corporation trimmed its stake, shedding 4,685,886 shares to finish with 148,447,634 shares valued at roughly $33,399,233,989. Vanguard Capital Management LLC grew its holdings by 416,444 shares, ending with 122,899,830 shares worth about $27,651,233,426. Berkshire Hathaway, Inc kept its position steady, holding 84,375,856 shares valued at about $18,983,724,304 with no change in share count. Geode Capital Management, LLC grew its holdings by 860,406 shares, ending with 44,535,812 shares worth about $10,020,112,586.
Chevron Corporation Stock Up 1.1%
Chevron shares recently traded around $224.44 as of October 16, 2026. The stock is trading above its 50-day moving average of $206.42 and sits comfortably above its 200-day moving average of $189.50. The shares are also trading near their 52-week high of $223.46, reflecting strong momentum for the energy company.
Recent Earnings
Chevron posted trailing-twelve-month revenue of $209,383,997,440 alongside trailing earnings per share of $10.60. The company reported a net profit margin of 9.8% and a return on equity of 12.2%, paired with a year-over-year revenue growth rate of 53.5%. The company's next earnings report is scheduled for October 30, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
5 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 46.5%. Revenue missed estimates by 9.6%.
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Profit surprise
EBITDA beat by 3 percent. Operating income missed by 7 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
5 target raises.
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Earnings quality
Gross margin down 19.4 points. Operating margin down 2.5 points. Positive free cash flow.
Earnings Call Summary
The quarter delivered $1.41 per share in adjusted earnings, beating consensus, but revenue of $47.6 billion fell short of the $52.6 billion street expected. The shortfall was mainly a revenue recognition timing issue from a sharp rise in commodity prices in March, which created about $3 billion in unfavorable mark-to-market effects on derivatives. Core operations remain strong, with Guyana and TCO running at full rates, Asian refineries running hard on Chevron crude, and the company capturing real value from integrating Hess assets. Management stayed disciplined, saying it is too early to change strategy after eight weeks of Middle East conflict.
Guidance Chevron held its full-year capital spending at $18 billion to $19 billion and reaffirmed production growth of 7 percent to 10 percent. The company raised affiliate distribution expectations to over $2 billion above first quarter because TCO, CPChem, and Angola LNG are running strong. At $70 per barrel Brent, cash flow will be solid, and higher prices would boost results further.
Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.
Dividend
Chevron offers an annual dividend yield of 3.25%, backed by a dividend payout ratio of 67.2% of earnings.
Insider Buying and Selling at Chevron Corporation
Company insiders executed several sales over the summer months. Jeff B. Gustavson sold 14,404 shares on August 11, 2026, at an average price of $194.95 for a total value of $2,737,867. Chief Executive Officer Michael K Wirth sold 317,100 shares on August 14, 2026, totaling $63,566,861. Andrew Benjamin Walz sold 16,800 shares on August 17, 2026, at an average price of $201.06 for a total of $3,377,833. Robert Hewitt Pate sold 2,470 shares on August 18, 2026, at an average price of $205.11 for a total of $506,619. Insider sales can happen for many personal financial reasons and do not necessarily signal a bearish outlook.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock ahead of the filing. On September 25, 2026, HSBC maintained its Buy rating and raised its price target to $250.00 from $218.00. TD Cowen maintained a Hold rating on September 28, 2026, lifting its target from $205.00 to $215.00. UBS maintained a Buy rating on October 8, 2026, pushing its target to $235.00 from $220.00. TD Cowen updated its view again on October 12, 2026, maintaining a Hold rating while raising the target to $225.00. Morgan Stanley maintained an Overweight rating on October 15, 2026, lifting its target to $226.00 from $218.00. Overall, analyst consensus lists the stock as a buy with a mean price target of $227.92 based on 24 analyst opinions.
About Chevron Corporation
Chevron Corporation operates as an integrated energy and chemicals enterprise, handling everything from oil and gas exploration to downstream refining and fuel distribution. Based in Houston, Texas, the company plays a central role in global energy markets. Large institutional investments like Mirae's new stake show how major financial players position themselves within the oil and gas sector.
Bottom Line
Investors will want to watch Chevron's upcoming earnings report on October 30, 2026, to gauge ongoing operational results. Because 13F filings look backward, this snapshot of Mirae Asset Securities (Usa) provides a view of past positioning rather than current trading activity. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.
Related Filing Alerts
Source: Mirae Asset Securities (Usa)'s 13F filing on $CVX (Oct 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Mirae Asset Securities (Usa) 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts