Cvx yahoo finance indicates institutional ownership near

CVX Yahoo Finance indicates institutional ownership near 72%, reflecting strong confidence from large asset managers. Sector rotation trends show inflows into energy securities, benefiting CVX’s short-term price trajectory. Analysts are bullish on CVX and their 12-month median price target of $170 points to a 17% upside from current levels. In Q2 2024, there were 64 hedge funds that held positions in the stock with total stakes amounting to $22.41 billion. As of June 30, Berkshire Hathaway was the largest shareholder with a position worth $18.55 billion. One key near-term factor is the ongoing integration of Hess Corporation, which weighed on Q3 earnings by an estimated $200–$400 million but is expected to deliver meaningful long-term growth. CEO Mike Wirth has also emphasized Chevron Corporation (NYSE:CVX)’s focus on international partnerships, including strengthening ties with Argentina in coordination with U.S. policy priorities. Economists monitoring CVX Yahoo Finance expect Chevron’s capex strategy to favor shale plays and LNG terminals, aligning with global energy transition yet balancing shareholder returns.