Northstar Financial Companies Acquires New Stake in Chevron Corporation

Northstar Financial Companies Inc. has acquired a new stake in Chevron Corporation (NYSE:CVX), purchasing 19,706 shares valued at approximately $3,266,000 during the second quarter.

This investment makes up about 2.2% of Northstar's portfolio and ranks as its eleventh largest holding. The total value of CVX stock owned by the fund is not disclosed, but this new acquisition represents a significant increase in their stake.

Northstar Financial Companies Inc. isn't the only investor to have recently added to or reduced their stakes in Chevron Corporation. Other institutional investors and hedge funds, including Cornerstone Advisory LLC, Compton Financial Group LLC, Quantum Portfolio Management LLC, Wealthspire Retirement LLC, and D.B. Root & Company LLC, have also made adjustments to their holdings.

Chevron recently announced a quarterly dividend of $1.78 per share, paid on Thursday, September 10th, for investors of record on Wednesday, August 19th. This represents an annualized dividend of $7.12 and a yield of 3.6%. Chevron's payout ratio is presently 68.26%.