Chevron Sees Increased Institutional Support Amid Rising Oil Prices

Envestnet Portfolio Solutions Inc., an institutional investor, has increased its stake in Chevron Corporation (NYSE:CVX) by 9.5% during the second quarter. The company's holdings in Chevron are now worth $24,930,000 as of its most recent SEC filing.

The firm purchased an additional 12,673 shares of Chevron's stock during the quarter, bringing its total to 146,083 shares. This move is part of a larger trend of institutional investors increasing their positions in Chevron.

Other large investors have also made changes to their holdings in Chevron recently. Midwest Capital Advisors LLC and Core Wealth Advisors LLC are among those that have purchased new stakes in the company.