State Street Corp Updates Passive Stake in Chevron
Ticker: CVX · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 93410
| Field | Detail |
|---|---|
| Company | Chevron CORP (CVX) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street still owns Chevron shares, no big changes here.**
AI Summary
State Street Corp, a major financial institution, filed an amended Schedule 13G/A on January 25, 2024, indicating its ownership of Chevron Corp's common stock as of December 31, 2023. This filing is a routine update from a large institutional investor, showing their continued passive stake in the oil giant. For investors, this signals that a significant institutional player maintains its position, which can be a vote of confidence in Chevron's long-term stability, though it doesn't suggest any new strategic moves.
Why It Matters
This filing confirms State Street Corp's ongoing, passive investment in Chevron, providing transparency into institutional ownership and potentially reinforcing investor confidence in the stock.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any significant change in investment strategy or risk for Chevron.
Analyst Insight
This filing is a routine disclosure of institutional ownership and doesn't suggest any immediate action. Investors should view it as confirmation of existing institutional interest rather than a signal for buying or selling.
Key Numbers
- 166764100 — CUSIP Number (Identifies Chevron Corp's Common Stock)
Key Players & Entities
- State Street Corp (company) — filer of the SC 13G/A
- Chevron Corp (company) — subject company whose stock is owned
- January 25, 2024 (date) — date the SC 13G/A was filed
- December 31, 2023 (date) — date of the event requiring the filing
- 166764100 (number) — CUSIP number for Chevron Corp common stock
Forward-Looking Statements
- State Street Corp will maintain a significant, passive ownership stake in Chevron Corp. (State Street Corp) — high confidence, target: Next 12 months
FAQ
Who filed this SC 13G/A amendment?
The SC 13G/A amendment was filed by State Street Corp, a financial institution with a Central Index Key (CIK) of 0000093751.
What company's stock is the subject of this filing?
The subject company is CHEVRON CORP, identified by CIK 0000093410, and the filing pertains to its Common Stock.
When was this SC 13G/A amendment filed with the SEC?
This SC 13G/A amendment was filed on January 25, 2024, as indicated by the 'FILED AS OF DATE: 20240125'.
What was the 'date of event' that triggered this filing?
The 'DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT' was December 31, 2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13D-1 (B), as indicated by the 'CHECK THE APPROPRIATE BOX' section.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding CHEVRON CORP (CVX).