Van ECK Associates Corp Decreases Stake in Chevron Corporation $CVX

NodeGuardian · 2026-03-18T04:14:49+00:00

Van ECK Associates Corp reduced its Chevron stake by 4.2% amid mixed analyst ratings. Despite institutional ownership at 72.42% and a recent dividend increase, sentiments vary due to insider selling and geopolitical factors.

NodeGuardian

2026-03-18 04:14:49

Abstract generation in progress

Van ECK Associates Corp reduced its stake in Chevron Corporation by 4.2% in the third quarter, selling 12,957 shares and holding 298,586 shares valued at $46.37 million. This comes as Chevron’s stock is trading up, with institutional investors owning 72.42% of the company, and the company recently increased its quarterly dividend. Analysts have a mixed outlook on CVX, with an average “Hold” rating, while the company faces positive market sentiment from portfolio reshuffling and potential Venezuelan oil deals, alongside negative sentiment from insider selling and political moves impacting oil prices.

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