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Chevron beats earnings, raises dividend, as major investors adjust holdings.
Chevron Corporation has seen increased stock holdings by Azimuth Capital Investment Management LLC, which now owns 98,364 shares after buying more in the first quarter.
Prudential PLC also holds shares but sold some.
Chevron beat earnings estimates with a $1.77 EPS, up from $1.58 forecasts, and announced a $1.71 quarterly dividend, giving a 4.4% yield.
Analysts forecast $10.79 EPS for the year with a "Hold" rating and target price of $164.11.
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Chevron supera las ganancias, aumenta los dividendos, a medida que los principales inversores ajustan sus participaciones.