Institutional Investors Boost Stakes in Chevron Amid Strong Earnings

Focus Partners Advisor Solutions LLC has acquired a new position in Chevron Corporation (NYSE:CVX) stock, purchasing 73,684 shares valued at approximately $12.21 million in the second quarter.

This is not an isolated instance of institutional investors buying into Chevron; several other firms have also made significant purchases in recent quarters.

ABN AMRO Bank N.V., Summit Asset Management LLC, Kelleher Financial Advisors, EJMK Ventures LLC, and Sutton Place Investors LLC all acquired new positions in Chevron during the second quarter, with a total value of over $2.7 million.

Hedge funds and other institutional investors own approximately 72.42% of Chevron's stock.