Chevron Attracts New Institutional Investment Amid Strong Performance
Empirical Asset Management LLC has made a new investment in Chevron Corporation (NYSE:CVX), acquiring 11,765 shares worth approximately $1.95 million during the second quarter, according to its latest filing with the Securities and Exchange Commission.
This is not an isolated instance of institutional investors purchasing Chevron stock. Other significant investments include BlackRock Inc., which purchased a new stake in shares of Chevron during the second quarter worth around $25.66 billion, and Norges Bank, which bought a new position in shares of Chevron during the fourth quarter valued at approximately $3.73 billion.
In other news related to Chevron's stock performance, Director John B. Hess sold 710,665 shares on August 3rd for an average price of $194.10 per share, while insider Andrew Benjamin Walz sold 16,800 shares on August 17th at an average price of $201.06.