Rep. Gilbert Ray Cisneros, Jr. Sells Off Shares of Chevron Corporation (NYSE:CVX)

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Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold between $15,001 and $50,000 worth of Chevron Corporation (NYSE:CVX) stock on January 9th, as disclosed in a February 13th filing. This sale comes as Chevron raised its quarterly dividend to $1.78, yet insiders have been net sellers, moving approximately $127.9 million in shares over the last three months. Chevron’s stock traded down about 1.9% to $180.27, despite beating EPS estimates in its latest earnings report, with revenue falling 10.2% year-over-year.

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