Texas Capital Bank Takes New Stakes in Chevron Amidst Insider Sale
Texas Capital Bank Wealth Management Services Inc, a wealth management firm, acquired a new position in Chevron Corporation (NYSE: CVX) during the second quarter. According to its most recent 13F filing with the Securities and Exchange Commission, the company purchased 26,539 shares of Chevron's stock valued at approximately $4,399,000.
Additionally, other institutional investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new position in Chevron in the second quarter valued at $14,276,000. Indivisible Partners purchased a new stake in shares of Chevron in the fourth quarter valued at about $1,923,000.
Janney Montgomery Scott LLC boosted its stake in shares of Chevron by 6.8% during the first quarter and now owns 1,251,102 shares worth $258,853,000 after buying an additional 79,439 shares. Galaxy Digital Inc. acquired a new stake in shares of Chevron during the first quarter worth about $2,028,000.
On August 14th, CEO Michael K. Wirth sold 317,100 shares of Chevron stock for approximately $63.6 million, reducing his reported ownership by 92.34%.