Longfellow Invests in Chevron Amid Strong Quarterly Earnings

Longfellow Investment Management Co. LLC has invested $1.31 million in Chevron Corporation (NYSE:CVX), purchasing 7,916 shares of stock valued at approximately $1.312 million.

This is not an isolated move, as several other institutional investors and hedge funds have also bought stakes in Chevron's stock recently. This includes Chase Investment Counsel Corp, RW Investment Management LLC, N.E.W. Advisory Services LLC, Diamond Hill Capital Management LLC Investment Advisor, and HBK Sorce Advisory LLC.

Director John B. Hess sold 100,000 shares of Chevron stock on August 3rd at an average price of $194.26, resulting in a total transaction of $19.426 million. This sale represents a 35.97% decrease in his position.

Chevron's quarterly earnings reported on July 31st exceeded analyst expectations with $6.06 earnings per share and revenue of $67.20 billion, up 57.4% from the same quarter last year. The company's stock price has a current ratio of 1.25 and a debt-to-equity ratio of 0.19.