Chevron Corp. (CVX) Declined Due to a Combination of Uncertainty in Oil Markets

Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Growth & Income Fund” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The stock market experienced another period of volatility in the second quarter. As of April 8, the S&P 500 Index had declined more than 11% for the quarter but rebounded swiftly as tariff worries diminished, closing with a gain of 10.9% and reaching new all-time highs. The quarter was led by growth as the Russell 1000 Growth Index outperformed the Russell 1000 Value Index. Momentum and earnings growth were the two most positive factors during the quarter. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

In its second-quarter 2025 investor letter, Carillon Eagle Growth & Income Fund highlighted stocks such as Chevron Corporation (NYSE:CVX). Chevron Corporation (NYSE:CVX) engages in integrated energy and chemicals operations that operate through Upstream and Downstream segments. The one-month return of Chevron Corporation (NYSE:CVX) was 0.75%, and its shares gained 7.66% of their value over the last 52 weeks. On August 25, 2025, Chevron Corporation (NYSE:CVX) stock closed at $158.20 per share, with a market capitalization of $318.745 billion.

Carillon Eagle Growth & Income Fund stated the following regarding Chevron Corporation (NYSE:CVX) in its second quarter 2025 investor letter:

"Chevron Corporation (NYSE:CVX) stock came under pressure from a combination of uncertainty in oil markets; an announcement of higher than expected supply growth from OPEC+ (the Organization of the Petroleum Exporting Countries, plus 10 other oil-producing countries); and investor positioning around Chevron’s pending acquisition of a global independent energy company. The OPEC+ announcement weighed on all energy stocks."

Chevron Corporation (NYSE:CVX) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 76 hedge fund portfolios held Chevron Corporation (NYSE:CVX) at the end of the second quarter, which was 81 in the previous quarter. While we acknowledge the potential of Chevron Corporation (NYSE:CVX) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In another article, we covered Chevron Corporation (NYSE:CVX) and shared the list of best commodity stocks to buy. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.