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flag Investment firms cut holdings in Chevron despite its strong earnings and dividend yield.

flag Investment firms like Brooks Moore & Associates and Corebridge Financial have reduced their holdings in Chevron Corporation, which recently reported $1.77 earnings per share, surpassing analysts' expectations. flag Despite a 12.4% drop in quarterly revenue compared to the previous year, analysts predict Chevron will post 10.79 EPS for the year. flag The company's stock, valued at $272.84 billion, currently has a price-to-earnings ratio of 20.32 and an annual dividend yield of 4.3%.

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