5 Best Dow Dividend Stocks to Double Your Income

3. Chevron Corporation (NYSE:CVX)

Number of Hedge Fund Holders: 53

Dividend Yield: 4.1%

Chevron Corporation (NYSE:CVX) is an energy company operating through its Upstream and Downstream segments. The company explores, develops, produces, and transports crude oil and natural gas, alongside providing other related services.

Cowen’s Jason Gabelman holds an Outperform rating on Chevron Corporation (NYSE:CVX) shares as of this February.

The company had an EPS of $2.6 in the fiscal fourth quarter of 2021, and revenue of $48.1 billion. The revenue beat estimates by $2.8 billion.

Out of 924 hedge funds in the fourth quarter of 2021, 53 hedge funds were long Chevron Corporation (NYSE:CVX), with a total stake value of $6.5 billion.