MSH Capital Advisors Takes Stakes in Chevron Corporation

MSH Capital Advisors LLC recently acquired a new position in Chevron Corporation (NYSE:CVX), according to its most recent 13F filing with the SEC. The institutional investor bought 11,400 shares of CVX's stock, valued at approximately $1,890,000.

This is not an isolated instance; several other large investors have also recently added to or reduced their stakes in Chevron during the second and first quarters. Among these are Midwest Capital Advisors LLC, Core Wealth Advisors LLC, Phillip James Consulting Co., Basso Capital Management L.P., and Karpus Management Inc.

As of now, 72.42% of CVX's stock is owned by institutional investors and hedge funds. The company has a market capitalization of $406.71 billion, with a P/E ratio of 19.74, a PEG ratio of 0.63, and a beta of 0.49.

CVX reported earnings per share (EPS) of $6.06 for the latest quarter, beating analysts' expectations by $0.51. The company's revenue was up 57.4% year-over-year, reaching $67.20 billion.