Uniting Wealth Partners LLC Bets Big on Chevron Corporation
Uniting Wealth Partners LLC made headlines by investing $1.06 million in Chevron Corporation (NYSE: CVX) during the second quarter. According to a recent 13F filing with the Securities and Exchange Commission, the fund purchased 6,386 shares of CVX's stock valued at approximately $1,058,000.
This investment is not an isolated incident, as several other hedge funds have also made changes to their positions in CVX. For instance, Midwest Capital Advisors LLC purchased a new position in CVX worth around $25,000 during the first quarter, while Core Wealth Advisors LLC and Phillip James Consulting Co. acquired new stakes in CVX valued at $26,000 each in the fourth quarter.
CVX has had an impressive run, with its quarterly revenue up 57.4% compared to the same period last year. The company's strong earnings per share (EPS) of $6.06 have also exceeded analyst estimates of $5.55 by $0.51. As a result, Wall Street analysts are optimistic about CVX's future prospects.