First Merchants Corp decreased its holdings in Chevron Co. ( NYSE:CVX – Free Report ) by 2.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 51,897 shares of the oil and gas company's stock after selling 1,439 shares during the period. First Merchants Corp's holdings in Chevron were worth $8,166,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CVX. Cantor Fitzgerald Investment Advisor L.

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