Chevron Insider Sales Total $80M as First Trust Increases Stake 18.8%
First Trust Advisors LP raised its Chevron position by 18.8%, adding 659,335 shares to own 4.16 million shares after the purchase. Chevron insiders sold a combined 423,824 shares worth about $80 million, with CEO Michael Wirth offloading 272,624 shares and vice chairman Mark Nelson selling 139,600 shares.
1. First Trust Advisors Raises Chevron Stake by 18.8%
First Trust Advisors LP increased its Chevron stake by 18.8% in the recent quarter, acquiring 659,335 shares to bring its total holding to 4,159,621 shares, reflecting heightened institutional confidence.
2. Chevron Insiders Sell Over $80 Million Stock
Chevron insiders sold a total of 423,824 shares valued at approximately $80 million on March 2, with CEO Michael Wirth disposing of 272,624 shares and vice chairman Mark Nelson offloading 139,600 shares, while senior manager Andrew Benjamin Walz sold 11,600 shares.
3. Aptus Capital Reduces Chevron Holdings by 4.6%
Aptus Capital Advisors LLC trimmed its Chevron holdings by 4.6% last quarter, selling 2,821 shares and reducing its position to 59,008 shares.