Tema ETFs LLC Has $6.51 Million Stock Holdings in Chevron Corporation $CVX

Tema ETFs LLC boosted its stake in Chevron Corporation (NYSE:CVX) by 10.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,304 shares of the oil and gas company’s stock after buying an additional 3,770 shares during the quarter. Tema ETFs LLC’s holdings in Chevron were worth $6,515,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Chevron during the fourth quarter worth $3,727,586,000. State Street Corp grew 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 valued at $23,698,184,000 after purchasing an additional 12,789,399 shares in the last quarter. Berkshire Hathaway Inc grew its stake 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 purchasing an additional 8,091,570 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Chevron by 822.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,211,258 shares of the oil and gas company’s stock worth $946,658,000 after purchasing an additional 5,537,580 shares during the last quarter. Finally, Aristotle Capital Management LLC increased its position in Chevron by 653.0% in the 1st quarter. Aristotle Capital Management LLC now owns 4,526,223 shares of the oil and gas company’s stock worth $936,492,000 after purchasing an additional 3,925,137 shares during the last quarter. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Higher oil prices support earnings: Renewed uncertainty around the Strait of Hormuz and limited progress in U.S.-Iran talks pushed crude prices higher. Because Chevron’s upstream business benefits from stronger oil prices, the commodity rally is providing a near-term catalyst. Chevron Stock Jumps 3.3% as Hormuz Doubts Lift Oil
• Positive Sentiment: Q2 results and operating momentum remain supportive: Chevron exceeded earnings and revenue expectations, delivered record production, generated strong cash flow, and highlighted early progress from its Hess acquisition. These factors are strengthening the case for continued per-share accretion and production growth through 2030. CVX’s Q2 Earnings Beat: Can Strong Momentum Drive the Stock Higher?
• Positive Sentiment: Analyst estimates moved higher: Erste Group Bank raised its Chevron EPS forecasts to $15.32 for fiscal 2026 and $13.14 for fiscal 2027, citing a more favorable earnings outlook. The 2026 estimate remains close to the broader consensus of $15.86. Chevron analyst estimate update
• Positive Sentiment: Investment-screen coverage is favorable: Recent Zacks commentary identifies CVX as a strong momentum and long-term stock, while investor comparisons with ExxonMobil continue to focus on Chevron’s dividend and passive-income appeal. Why Chevron Is a Strong Momentum Stock
• Neutral Sentiment: Commodity dependence remains central: Chevron’s outlook is attractive if crude prices remain elevated, but comparisons with Occidental Petroleum and ExxonMobil emphasize that relative performance and investor returns will depend heavily on the next oil-price cycle. Buffett Oil Stock Outperforming Chevron
• Negative Sentiment: Risks could limit the rally: Oil prices have been volatile, and planned maintenance could weigh on near-term production or refining results. Any easing of geopolitical tensions or retreat in crude prices would reduce the earnings tailwind. CVX’s Q2 Earnings Beat and Outlook

Chevron Stock Performance

Shares of NYSE CVX opened at $196.62 on Wednesday. Chevron Corporation has a 12 month low of $146.49 and a 12 month high of $214.71. The company has a market cap of $388.48 billion, a P/E ratio of 18.85, a P/E/G ratio of 0.59 and a beta of 0.49. The business’s 50 day moving average is $182.73 and its two-hundred day moving average is $186.35. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, beating the consensus estimate of $5.55 by $0.51. The company had revenue of $67.20 billion during the quarter, compared to analysts’ expectations of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%.Chevron’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.77 earnings per share. On average, equities analysts expect that Chevron Corporation will post 15.96 EPS for the current year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be paid a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 3.6%. The ex-dividend date is Wednesday, August 19th. Chevron’s dividend payout ratio is presently 68.26%.

Wall Street Analysts Forecast Growth

CVX has been the subject of several research reports. Weiss Ratings lowered Chevron from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. 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. Wall Street Zen upgraded shares of Chevron from a “hold” rating to a “buy” rating in a research note on Saturday. Barclays lifted their target price on shares of Chevron from $213.00 to $216.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Finally, TD Cowen increased their price target on shares of Chevron from $200.00 to $205.00 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. 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, Chevron has an average rating of “Moderate Buy” and an average price target of $207.48.

Insiders Place Their Bets

In other Chevron news, Director John B. Hess sold 100,000 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $194.26, for a total value of $19,426,000.00. Following the completion of the sale, the director directly owned 178,045 shares of the company’s stock, valued at $34,587,021.70. This represents a 35.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael K. Wirth sold 5,547 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $187.00, for a total transaction of $1,037,289.00. Following the completion of the sale, the chief executive officer owned 26,308 shares in the company, valued at $4,919,596. This represents a 17.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,196,212 shares of company stock valued at $231,819,366. Insiders own 0.56% of the company’s stock.

About Chevron

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.