Oxbow Advisors Pours $14M into Chevron Stock Amid CEO Sell-Off

Oxbow Advisors LLC has added Chevron Corporation to its portfolio by purchasing 84,602 shares of stock in the second quarter. The investment is valued at approximately $14,024,000 and makes up about 1.1% of Oxbow's investment portfolio, ranking it as their 14th largest holding.

Cornerstone Advisory LLC also increased its stake in Chevron by 0.9% in the first quarter, while Compton Financial Group LLC boosted its holdings by 1.9%. Other investors, such as Quantum Portfolio Management and Wealthspire Retirement LLC, raised their stakes in the oil and gas company.

Despite this, Chevron's CEO Michael Wirth sold 317,100 shares of stock for approximately $63.6 million, reducing his ownership by 92.34%.