AssuredPartners Invests Heavily in Chevron Amid Ongoing Bull Run

AssuredPartners Investment Advisors LLC invested $3.97 million in Chevron Corporation (NYSE:CVX) by buying 23,929 shares of the oil and gas company's stock. This investment was disclosed in a recent Form 13F filing with the Securities and Exchange Commission.

The purchase price per share was approximately $166,250, which is significantly lower than CVX's current market price. Chevron has been performing well lately, with its quarterly revenue increasing by 57.4% compared to the same quarter last year. The company reported earnings of $6.06 per share, beating analysts' estimates.

Several other hedge funds and institutional investors have also increased their stakes in CVX over the past few quarters. United Bank, Schnieders Capital Management LLC, and BNP Paribas are among those that have boosted their holdings in the company.