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Which Institutions Are Buying Chevron Stock?

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Institutional holdings in Chevron

In the previous part of this series, we reviewed Chevron’s (CVX) dividend yield trend, which has plunged to 3.8%. Now let’s look at which institutions bought or sold Chevron in the second quarter based on the latest filings.

The institutional holdings in Chevron currently stand at ~67%. The level of the holdings suggests the confidence level or sentiment that sophisticated market participants have in the stock. Usually, everything else being equal, rising institutional holdings indicate a favorable opinion of a stock.

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Changes in institutional holdings in Chevron

In the second quarter, according to the latest filings, the Vanguard Group and Wellington Management Company have increased their holdings in Chevron. However, State Street Global Advisors and BlackRock Institutional Trust Company have reduced their holdings in Chevron stock in the second quarter. These institutions are the top four holders of Chevron stock.

Capital World Investors and Fidelity Management & Research Company have increased their holdings in Chevron stock in the second quarter. Geode Capital Management and Northern Trust Investments have raised their holdings in Chevron. These institutions are on the list of the top ten holders of CVX stock.

Of all the buyers mentioned above, Wellington has bought the largest number of CVX shares. Wellington has been the top buyer of Chevron stock in the past six months.

Peers’ institutional holdings

The institutional holdings in Chevron are the highest compared to peers ExxonMobil (XOM), Royal Dutch Shell (RDS.A), and BP (BP). The US institutional holdings in XOM, Shell, and BP are ~55%, ~11%, and ~13%, respectively.

To know about changes in short interest in Chevron, move on to the next part.

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