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Investment firms boost holdings in Chevron after strong earnings and dividend announcement.
Investment firms including Acorns Advisers LLC, Belpointe Asset Management LLC, SCS Capital Management LLC, and Integrity Alliance LLC have increased their holdings in Chevron Corporation.
Chevron reported strong earnings of $1.77 per share, beating estimates by $0.19, with a market cap of $267.22 billion.
The company also announced a quarterly dividend of $1.71 per share.
Despite a 12.4% decline in quarterly revenue, Chevron's stock has seen a 7.2% increase in the first quarter, with a consensus rating of "Hold" and a price target of $163.95.
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Las empresas de inversión aumentan sus participaciones en Chevron después de los fuertes resultados y el anuncio de dividendos.