Chevron Sees Major Investment from Pallas Capital Advisors

Pallas Capital Advisors LLC made a significant investment in Chevron Corporation (NYSE:CVX) during the second quarter, purchasing 26,778 shares valued at around $4.44 million.

This is just one of several major investments made by institutional investors in CVX, with State Street Corp increasing its stake by 9.1% and Berkshire Hathaway Inc growing its holdings by 6.6% during the same period.

The oil and gas company reported strong quarterly earnings, beating analysts' estimates with $6.06 EPS and revenue of $67.2 billion, a 57.4% increase from the prior year.