Chevron Gains Institutional Support Amidst Global Market Volatility

Notis McConarty Edward acquired a new position in Chevron Corporation during the second quarter. The institutional investor purchased 12,456 shares of the oil and gas company's stock, valued at approximately $2,065,000.

In addition to this investment, other hedge funds and institutional investors have also added to or reduced their stakes in Chevron. BlackRock Inc., for example, bought a new stake in Chevron in the second quarter worth $25,663,729,000.

Some analysts are bullish on Chevron's stock, with a 'Moderate Buy' rating from MarketBeat and an average price target of $207.48. However, the company's performance is highly sensitive to crude prices and Middle East developments.