Stocks
Chevron Gains Institutional Support from Requisite Capital Management
Requisite Capital Management LLC has invested $1.33 million in Chevron Corporation (NYSE:CVX) by purchasing 8,038 shares during the second quarter.
The investment represents 0.2% of Requisite's portfolio and makes Chevron its 29th largest holding.
This is not the only recent large purchase of CVX stock; other notable buyers include Norges Bank and Berkshire Hathaway Inc., which acquired stakes worth $3.73 billion and $19.84 billion, respectively.
As of August 5th, Chevron's CEO Michael K. Wirth sold 5,547 shares for approximately $1 million, but this sale does not appear to be a major factor in the company's overall ownership structure.