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How Chevron’s Top Institutional Investors’ Holdings Have Changed

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Dec. 6 2018, Updated 9:00 a.m. ET

Institutional holdings in Chevron

Previously, we reviewed Chevron’s (CVX) dividend yield, which has fallen to 3.8%. Let’s now look at Chevron’s top institutional holders in the third quarter based on recent filings.

Institutional holdings in Chevron stand at ~67%. This metric indicates market participants’ confidence in the stock. Everything else being equal, rising institutional holdings indicate that their opinion on the stock is growing more favorable.

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Changes in institutional holdings in Chevron

In the third quarter, five of the top ten institutional holders in Chevron raised their holdings in the stock. The Vanguard Group and BlackRock Institutional Trust increased their holdings, while State Street Global Advisors and Wellington Management reduced their holdings. These institutions are Chevron’s top four institutional holders. Meanwhile, Capital International Investors, Geode Capital Management, and Northern Trust Investments raised their holdings in Chevron, and Fidelity Management and Research and Capital World Investors lowered their holdings.

Of the top ten institutional investors mentioned above, Capital International bought the most Chevron shares. It has been Chevron’s top buyer for six months.

Peers’ institutional holdings

Institutional holdings in Chevron are higher than those in ExxonMobil (XOM), Royal Dutch Shell (RDS.A), and BP (BP), which have holdings of ~55%, ~11%, and ~13%, respectively. To learn about changes in Chevron’s short interest, continue to the next part.

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