Meeder Asset Management Invests $1.41 Million in Chevron Corporation

Meeder Asset Management Inc., an investment firm, acquired a new position in Chevron Corporation (NYSE: CVX) during the second quarter. The company purchased 8,512 shares of CVX's stock, valued at approximately $1.41 million, according to its most recent 13F filing with the Securities and Exchange Commission.

This is not an isolated instance, as several other hedge funds have also modified their holdings in CVX recently. Midwest Capital Advisors LLC bought a new stake in Chevron during the first quarter worth about $25,000, while Main Street Group LTD acquired a new position in the company's shares during the same period.

CVX reported its quarterly earnings data on July 31st, beating the consensus estimate by $0.51 with EPS of $6.06 and revenue of $67.20 billion. The firm's revenue was up 57.4% year-over-year, a strong indicator of the company's performance.