Stocks
Investors Flock to Chevron Amid Exploration News and Strong Earnings
Chevron Corporation (NYSE:CVX) has seen significant institutional investment in recent quarters. Investmark Advisory Group LLC purchased 24,867 shares of Chevron's stock in the second quarter, valued at approximately $4,122,000.
This purchase represents about 1.6% of Investmark Advisory Group LLC's investment portfolio, making Chevron its 14th biggest holding. Other institutional investors have also made notable changes to their positions in Chevron.
BlackRock Inc., for example, acquired a new position in shares of Chevron during the second quarter valued at about $25,663,729,000. Norges Bank bought a new stake in Chevron in the fourth quarter valued at $3,727,586,000.