Tema ETFs LLC Has $6.51 Million Stake in Chevron Corporation $CVX

Tema ETFs LLC increased its position in Chevron Corporation (NYSE:CVX) by 10.6% in the 2nd quarter, Holdings Channel reports. The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of CVX. Midwest Capital Advisors LLC acquired a new position in shares of Chevron in the 1st quarter valued at $25,000. Main Street Group LTD acquired a new stake in shares of Chevron during the 1st quarter valued at about $28,000. Phillip James Consulting Co. acquired a new stake in shares of Chevron during the 4th quarter valued at about $26,000. Core Wealth Advisors LLC bought a new stake in Chevron in the fourth quarter valued at about $26,000. Finally, Karpus Management Inc. bought a new stake in Chevron in the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Key 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

Insider Transactions at Chevron

In other Chevron news, Director John B. Hess sold 100,000 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $194.26, for a total value of $19,426,000.00. Following the transaction, the director owned 178,045 shares of the company’s stock, valued at approximately $34,587,021.70. This represents a 35.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael K. Wirth sold 5,547 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $187.00, for a total value of $1,037,289.00. Following the completion of the transaction, the chief executive officer directly owned 26,308 shares in the company, valued at $4,919,596. The trade was a 17.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,196,212 shares of company stock valued at $231,819,366 in the last quarter. 0.56% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CVX has been the subject of several recent research reports. Jefferies Financial Group reissued a “buy” rating and issued a $216.00 price target on shares of Chevron in a research report on Friday, July 10th. Piper Sandler began coverage on Chevron in a report on Thursday, July 23rd. They set an “overweight” rating and a $207.00 price objective on the stock. Barclays upped their price objective on Chevron from $213.00 to $216.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. UBS Group reissued a “buy” rating on shares of Chevron in a report on Tuesday, June 23rd. Finally, Scotiabank raised their target price on Chevron from $168.00 to $187.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Nineteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Chevron currently has a consensus rating of “Moderate Buy” and a consensus target price of $207.48.

Chevron Price Performance

Shares of CVX stock opened at $196.62 on Wednesday. Chevron Corporation has a 1 year low of $146.49 and a 1 year high of $214.71. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average is $182.73 and its 200-day moving average is $186.35. The firm has a market capitalization of $388.48 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 0.59 and a beta of 0.49.

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

Chevron Dividend Announcement

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

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.