Chevron Sees Adjustments in Institutional Holdings as Investors Rebalance Portfolios

2 min read | November 24, 2024 05:23 PM PST | By Team Kalkine Media

Google News:

Chevron Sees Adjustments in Institutional Holdings as Investors Rebalance Portfolios — Image source: Shutterstock

Recent News

Why Is Dell Technologies Stock Trending Right Now

Why Is Church & Dwight Stock Trending Right Now

Why Is IonQ Stock Trending Right Now

Why Is Nike Stock Trending Right Now

Make Kalkine Media
My Trusted Source

Headlines

Alpha DNA Investment Management's reduced Chevron holdings in the third quarter

Other institutional investors also made adjustments to their Chevron positions

Institutional ownership of Chevron stock remains significant

Alpha DNA Investment Management LLC decreased its holdings in Chevron Co. (NYSE:CVX) by more than 50% in the third quarter, as per the latest disclosure. Following this change, the institutional investor holds fewer shares in the oil and gas giant. Despite the reduction, Chevron remains a significant part of Alpha DNA Investment Management's portfolio.

Several other institutional investors also made adjustments to their Chevron positions. Montz Harcus Wealth Management LLC increased its Chevron stake by a small margin in the second quarter. Hubbell Strickland Wealth Management LLC also saw a minor increase in its holdings during the same period. Other firms, such as Tacita Capital Inc. and Cyndeo Wealth Partners LLC, grew their Chevron positions in the third quarter. Notably, these institutional investors continue to hold substantial shares in Chevron, reflecting the ongoing interest in the energy sector.

Chevron's institutional ownership remains high, with nearly three-quarters of the company's stock held by various institutional investors. This continued institutional interest signals confidence in Chevron's role in the oil and gas industry, despite the adjustments in individual investor positions.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.