5 Best Dogs of the Dow Stocks Ranked By Hedge Fund Sentiment

3. Chevron Corporation (NYSE:CVX)

Number of Hedge Fund Holders: 66

Chevron Corporation (NYSE:CVX) is an American multinational energy company. The company remained committed to its shareholder return in Q3 2022, distributing $2.7 billion in dividends. Its dividend payments showed a 6% growth from the same period last year.

Chevron Corporation (NYSE:CVX) currently pays a quarterly dividend of $1.42 per share for a dividend yield of 3.26%, as of December 14. The company is one of the best dividend stocks on our list as it maintains a 25-year streak of dividend growth.

The number of hedge funds tracked by Insider Monkey owning stakes in Chevron Corporation (NYSE:CVX) grew to 66 in Q3 2022, from 59 in the previous quarter. These stakes have a total value of over $27 billion. Berkshire Hathaway was the company’s leading stakeholder in Q3.

Diamond Hill Capital mentioned Chevron Corporation (NYSE:CVX) in its Q1 2022 investor letter. Here is what the firm had to say:

“Other top contributors in Q1 included multinational energy company Chevron Corp. (NYSE:CVX). The company benefited from increased energy demand as COVID-related economic restrictions eased in tandem with concerns regarding supply interruptions related to Russia’s invasion of Ukraine.”