Summit Global Invests Heavily in Chevron Amid Oil and Gas Boom

Summit Global Investments acquired a new stake in Chevron Corporation (NYSE:CVX) during the second quarter, purchasing approximately $3.1 million worth of shares.

This investment is part of a larger trend of institutional investors increasing their holdings in Chevron. Other notable additions to Chevron's shareholder base include United Bank and Schnieders Capital Management LLC., which boosted its position by 7.7% and 9%, respectively, during the same period.

Notably, Osterweis Capital Management Inc. saw a significant increase of 678.9% in its holdings, acquiring an additional 1,188 shares.