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Chevron Gains Institutional Support as Silverlake Invests Millions

Guavy AI Editorial Team
Instruments
CVX
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Silverlake Wealth Management LLC has purchased a new stake in Chevron Corporation (NYSE:CVX) valued at approximately $2,225,000.

The institutional investor bought 13,422 shares of the oil and gas company's stock in the second quarter.

This is not an isolated incident, as other hedge funds and institutional investors have also been purchasing Chevron stock. In fact, institutional investors own a significant portion of the company's stock, with 72.42% being held by them.

Chevron recently reported strong quarterly earnings, beating analyst estimates with $6.06 EPS for the quarter.

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