15 Most Crowded Hedge Fund Stocks That Are Targeted by Short Sellers

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8. Chevron Corporation (NYSE:CVX)

Number of Hedge Fund Holders: 81

Short Interest:  3.51%

Chevron Corporation is involved in integrated chemicals and energy operations. It generates its revenue through the Downstream and Upstream segments. Recently, the firm’s CEO expressed concerns about potentially leaving Venezuela. He warned that the US could allow Russian and Chinese companies to fill the void.

Due to economic concerns, the company’s CEO anticipates a potential slowdown in global oil demand growth. However, he mentioned Chevron’s record-breaking U.S. production. He also noted some headwinds, including diminishing U.S. refining capacity and issues with refilling the Strategic Petroleum Reserve (SPR).

CEO Mike Wirth highlighted:

“We delivered record U.S. production in 2024 and expect it to grow again by 100,000 barrels in 2025. Chevron is growing production by over 50% over just the next two years in the Gulf of America, with plans to reach a million barrels daily in the Permian Basin.”

The company maintained its annual share repurchase plan worth $10 billion to $20 billion. For Q2, share repurchase is anticipated to be in the range of $2.5 billion and $3 billion. Aided by new production from FGP and other key projects, additional free cash flow is expected to reach $10 billion by 2026. The firm aims to achieve $2 billion to $3 billion in cost savings by 2026.

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