Chevron Continues to Attract Institutional Investors Amid Strong Earnings

Bryn Mawr Trust Advisors LLC recently acquired a new position in Chevron Corporation (NYSE:CVX) shares, purchasing 81,263 shares worth approximately $13.47 million.

This move is part of a larger trend, as other institutional investors have also been buying into the oil and gas company's stock. For example, Indivisible Partners acquired a new position in Chevron in the fourth quarter valued at about $1.92 million.

Chevron has had a strong quarter, beating analysts' expectations with earnings of $6.06 per share, up 57.4% from the same period last year. The company's revenue for the quarter was also up significantly, reaching $67.20 billion.