Chevron Continues to Attract Institutional Investors

Corda Investment Management LLC has purchased a new position in Chevron Corporation (NYSE:CVX), according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 29,927 shares of Chevron's stock, valued at approximately $4,961,000.

This is not an isolated event; several other hedge funds have recently bought and sold shares of CVX. These investors include Sound Portfolio Advisors LLC, Silverlake Wealth Management LLC, Bank of New York Mellon Corp, Sandro Wealth Management LLC, and Centric Wealth Management.

Chevron's strong quarter has demonstrated its continued leadership in the energy sector. The company reported $6.06 earnings per share (EPS) for the quarter, surpassing analysts' expectations of $5.55 by $0.51.