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Chevron missed Q4 earnings expectations despite increased investment stakes from major firms.
Investment firms including Mendel Capital Management LLC and Mission Creek Capital Partners Inc. increased their stakes in Chevron, while Whalerock Point Partners LLC decreased its holdings.
Despite these transactions, Chevron missed earnings expectations, reporting a fourth-quarter EPS of $2.06, $0.36 below analysts' forecasts.
The company has a dividend yield of 4.93% and a market cap of $244.18 billion.
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Chevron no cumplió con las expectativas de ganancias del cuarto trimestre a pesar del aumento de las inversiones de las principales empresas.