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Chevron Sees Continued Institutional Support

Guavy AI Editorial Team
Instruments
CVX
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HBK Sorce Advisory LLC recently purchased a new stake in Chevron Corporation (NYSE:CVX) worth approximately $7,626,000. The company acquired 40,908 shares of Chevron's stock in the second quarter.

This is not the only recent investment in Chevron by institutional investors. Cornerstone Advisory LLC increased its holdings in the oil and gas company by 0.9% in the first quarter, while Compton Financial Group LLC raised its stake by 1.9%. Quantum Portfolio Management LLC also boosted its position by 2.7%, and Wealthspire Retirement LLC lifted its investment by 0.9%.

According to MarketBeat, institutional investors and hedge funds own approximately 72.42% of Chevron's stock.

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