Central Securities Corp Purchases Shares of 256,250 Chevron Corporation $CVX

Central Securities Corp recently acquired a new stake of 256,250 shares in Chevron Corporation (NYSE:CVX), valued at approximately $39.8 million, making it their 13th largest holding. Despite institutional buying, company insiders have been net sellers, disposing of over half a million shares worth $89.5 million in the last three months. Chevron also increased its quarterly dividend to $1.78 per share, resulting in a 3.8% yield, while analysts maintain a “Hold” rating with an average price target of $176.36.