Chevron Sees Increased Institutional Support Amid CEO's Significant Share Sale

Johnson Financial Group Inc. recently acquired a new position in Chevron Corporation (NYSE:CVX) during the second quarter, as disclosed in its latest Form 13F filing with the Securities & Exchange Commission.

The firm bought approximately 25,103 shares of Chevron's stock, valued at $4,161,000.

This is not an isolated instance; other large investors have also made changes to their positions in Chevron. For example, Midwest Capital Advisors LLC acquired a new stake in the company during the first quarter worth $25,000.

Institutional investors and hedge funds own approximately 72.42% of Chevron's stock.