Chevron: Institutional Holdings in Q4


Mar. 19 2019, Published 1:22 p.m. ET

Institutional holdings in Chevron

In the previous part, we reviewed Chevron’s (CVX) dividend yield trend, which has fallen to 3.8% currently. Now, we’ll discuss the top institutional holders of Chevron stock in the fourth quarter based on the latest filings.

The institutional holdings in Chevron are ~68%. The level of the holdings suggests the confidence level that sophisticated market participants have in the stock. Usually, everything else being equal, rising institutional holdings indicate a favorable opinion about a stock.

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Changes in institutional holdings

In the fourth quarter, according to the latest filings, 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 in Chevron. However, State Street Global Advisors and Wellington Management reduced their holdings in Chevron stock in the fourth quarter. These institutions are the top four institutional holders in Chevron stock.

Capital International Investors, Geode Capital Management, and Northern Bank Investment Management raised their holdings in Chevron. However, Fidelity Management and Research Company, Capital World Investors, and Northern Trust Investments lowered their holdings in Chevron stock in the fourth quarter. These institutions are on the list of the top ten institutional holders in Chevron stock.

Among all of the buyers mentioned above, BlackRock Institutional Trust bought the largest number of Chevron shares. The institution has also been the top buyer of Chevron stock considering share changes using filing dates over the past six months.

Peers’ institutional holdings

The institutional holdings in Chevron are the highest compared to ExxonMobil (XOM), Royal Dutch Shell (RDS.A), and BP (BP). The US institutional holdings in ExxonMobil, Shell, and BP are ~56%, ~10%, and ~13%, respectively.

Next, we’ll discuss the short interest in Chevron.


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