Why Is Chevron (NYSE:CVX) Seeing Changes in Institutional Holdings?

2 min read | February 04, 2025 05:48 AM EST | By Team Kalkine Media

Why Is Chevron (NYSE:CVX) Seeing Changes in Institutional Holdings? — Image source: Shutterstock

Institutional Adjustments in Chevron Holdings

Chevron (NYSE:CVX), a major entity in the oil and gas sector, has experienced shifts in institutional ownership. Recent filings indicate adjustments in positions held by investment firms.

Chicago Capital LLC reported a reduction in its stake, lowering its Chevron holdings by a significant percentage during the fourth quarter. The firm’s latest SEC filing shows ownership of thousands of shares following this adjustment.

Major Financial Firms Report Holdings Adjustments

Several large financial institutions have revised their Chevron positions. International Assets Investment Management LLC made a substantial increase in its holdings during the third quarter. Pathway Financial Advisers LLC also adjusted its Chevron stake during the same period, reporting a notable number of additional shares.

Pacer Advisors Inc. was another firm that significantly expanded its Chevron holdings in the third quarter. This trend was also observed in Charles Schwab Investment Management Inc., which reported a rise in its Chevron holdings.

State Street Corp Reports a Notable Change

State Street Corp also recorded a shift in its Chevron holdings, with an increase in shares during the third quarter. The company's filings indicate a revised position in the oil and gas firm, reflecting continued institutional interest.

Broad Institutional Ownership of Chevron

Institutional investors collectively account for a significant portion of Chevron’s overall ownership. Recent filings highlight continued engagement from financial entities in the oil and gas sector. The adjustments reflect ongoing evaluations within institutional portfolios.

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 Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment 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 is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. 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 in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content 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 wherever it was indicated or was found to be necessary.