5 Best Energy Stocks for 2022

4. Chevron Corporation (NYSE:CVX)

Number of Hedge Fund Holders: 53

Chevron Corporation (NYSE:CVX) is the second-largest American energy company with its headquarters in San Ramon, California. The organization was founded in 1879 and currently, it is operational in more than 180 countries worldwide. Chevron Corporation (NYSE:CVX) specializes in the production of oil and gas.

Citing the organization’s low exposure to Russia than its competitors and the high oil and gas prices in the foreseeable future, UBS analyst Luiz Carvalho has raised the price target on Chevron Corporation(NYSE:CVX) to $192 from $150. Luiz Carvalho has maintained a ‘Buy’ rating on the shares of Chevron Corporation (NYSE:CVX). 

Chevron Corporation(NYSE:CVX) is a dividend aristocrat as it has consecutively increased its dividend during the last 34 years.