Oxford Financial Group Takes New Stake in Chevron

Oxford Financial Group LTD. LLC has acquired a new position in shares of Chevron Corporation (NYSE:CVX) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission.

The fund purchased 6,972 shares of the oil and gas company's stock, valued at approximately $1,156,000. This new stake is part of a larger trend of institutional investors buying into Chevron, with 72.42% of the stock currently owned by hedge funds and other institutional investors.

The purchase price of around $165 per share represents a significant investment in one of the largest energy companies in the world. As the global demand for oil and gas continues to rise, Chevron is well-positioned to meet this demand with its extensive operations across the globe.