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Chevron (NYSE:CVX) Trading 2% Higher - Time to Buy?
Chevron (NYSE:CVX) shares were up 2% mid-day, trading at $185.83, following a recent earnings beat on EPS despite a revenue miss. The company increased its quarterly dividend to $1.78, but its payout ratio is high at 102.7%, and insiders have recently sold significant shares. Analysts have a consensus “Hold” rating with a target price of $175.