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Chevron Gains Favor with Institutional Investors

Guavy AI Editorial Team
Instruments
CVX
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NewEdge Wealth LLC acquired a new position in Chevron Corporation (NYSE:CVX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission.

The fund purchased 69,556 shares of the oil and gas company's stock, valued at approximately $11.53 million.

This is not an isolated occurrence; several other hedge funds and institutional investors have added to or reduced their stakes in CVX.

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