Stratos Wealth Partners LTD. increased its stake in Chevron Corporation (NYSE:CVX) by 17.8% in the third quarter, bringing its total holdings to 86,457 shares valued at $13.43 million. This comes as institutional ownership in Chevron stands at 72.42%, with other major investors like Norges Bank and Berkshire Hathaway also holding significant positions. Despite analysts maintaining a “Hold” rating with a $175 target and some insider selling, Chevron recently increased its quarterly dividend to $1.78 per share, offering a 3.9% yield.
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Stratos Wealth Partners LTD. Raises Position in Chevron Corporation $CVX
Stratos Wealth Partners LTD. increased its stake in Chevron Corporation (NYSE:CVX) by 17.8% in the third quarter, bringing its total holdings to 86,457 shares valued at $13.43 million. This comes as institutional ownership in Chevron stands at 72.42%, with other major investors like Norges Bank and Berkshire Hathaway also holding significant positions. Despite analysts maintaining a “Hold” rating with a $175 target and some insider selling, Chevron recently increased its quarterly dividend to $1.78 per share, offering a 3.9% yield.