Baxter Bros Inc. Invests Heavily in Chevron Amid Strong Earnings

Baxter Bros Inc., a financial services company, has invested in Chevron Corporation by purchasing 64,215 shares of its stock.

The purchase was made during the second quarter and is valued at approximately $10.6 million, accounting for about 1.2% of Baxter Bros' portfolio.

This marks one of several significant investments in Chevron's stock, as other large investors such as Uniting Wealth Partners LLC, Wealth Effects LLC, Trivium Point Advisory LLC, Longfellow Investment Management Co. LLC, and Chase Investment Counsel Corp have also purchased new stakes in the company.

Chevron reported a strong quarter, exceeding analysts' expectations with earnings per share of $6.06, up from $1.77 in the same period last year.