ABN AMRO Bank N.V. Takes $852,000 Position in Chevron Corporation
ABN AMRO Bank N.V., a well-established financial institution, recently acquired a new position in Chevron Corporation (NYSE:CVX) during the second quarter. According to their most recent Form 13F filing with the SEC, the bank purchased 5,100 shares of Chevron's stock for approximately $852,000.
This is not an isolated instance; other institutional investors and hedge funds have also been adding to or reducing their stakes in Chevron. Midwest Capital Advisors LLC acquired a new position in Chevron during the first quarter valued at $25,000, while Karpus Management Inc. purchased a new position in Chevron during the fourth quarter worth $27,000.
The company's quarterly earnings results for the period ending July 31st showed a significant increase in revenue and profit, beating analysts' expectations. The business reported $6.06 EPS for the quarter, exceeding the consensus estimate of $5.55 by $0.51. Chevron's revenue also increased by 57.4% compared to the same period last year.