MRA Advisory Group Boosts Stake in Chevron Corporation

MRA Advisory Group significantly increased its stake in Chevron Corporation (NYSE:CVX) by purchasing an additional 7,826 shares during the second quarter. The institutional investor now owns 9,706 shares of the oil and gas company's stock, valued at $1,609,000 as of its most recent filing with the Securities and Exchange Commission.

This is not the only recent move by MRA Advisory Group in Chevron stock. In fact, other institutional investors and hedge funds have also been buying into the company, with some acquiring new positions worth millions of dollars.

Chevron has been performing well recently, with a sharp earnings rebound in its last reported quarter. The company's quarterly net income reached $12.1 billion, exceeding expectations and benefiting from higher energy prices and Middle Eastern supply disruptions.