Barings LLC Grows Position in Chevron Corporation $CVX

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Barings LLC significantly increased its stake in Chevron Corporation by 107.3% in the third quarter, bringing their total holdings to 92,405 shares valued at $14.35 million. This move is part of broader institutional interest, with such investors now owning 72.42% of the company’s stock. Despite a mixed analyst outlook and recent insider selling, Chevron recently raised its quarterly dividend to $1.78 per share and beat EPS estimates, though revenue declined year-over-year.

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