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Chevron sees stake increases from major investors despite CEO selling shares and earnings miss.
In the fourth quarter, several institutional investors increased their stakes in Chevron, including Liberty Capital Management Inc., WCM Investment Management LLC, and Empowered Funds LLC.
Chevron's CEO, Michael K. Wirth, sold a significant portion of his shares.
Despite reporting earnings per share of $2.06, missing analysts' estimates, the company announced a quarterly dividend of $1.71, an increase from the previous $1.63.
Analyst ratings for Chevron are mixed, with a "Moderate Buy" average rating and a price target of $174.13.
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Chevron ve el aumento de la participación de los principales inversores a pesar de que el CEO vende acciones y pierde ganancias.