5 Dividend Stocks in Warren Buffett’s Latest Portfolio

In this article, we discuss the 5 dividend stocks in Warren Buffett’s latest portfolio. If you want to read our detailed analysis of these stocks, go directly to the 10 Dividend Stocks in Warren Buffett’s Latest Portfolio.

5. Chevron Corporation (NYSE:CVX)

Number of Hedge Fund Holders: 50

Forward Dividend Yield: 4.57%

Chevron Corporation (NYSE:CVX) is an integrated oil and gas company headquartered in California. It recently spent $47 million bidding on a federal auction of oil leases in the US Gulf of Mexico. The oil firm was the biggest spender at the auction that saw other energy giants like Exxon in participation. Officials say $192 million was raised through the exercise. 

Latest securities filings reveal that Berkshire Hathaway owned 28 million shares in Chevron Corporation (NYSE:CVX) at the end of the third quarter of 2021 worth $2.9 billion.

At the end of the second quarter of 2021, 50 hedge funds in the database of Insider Monkey held stakes worth $4.2 billion in Chevron Corporation (NYSE:CVX), up from 41 in the preceding quarter worth $4.8 billion. 

In its Q1 2021 investor letter, ClearBridge Investments highlighted a few stocks and Chevron Corporation (NYSE:CVX) was one of them. Here is what the fund said:

“While reducing in health care and consumer staples, we increased our exposure to high-quality names in economically sensitive areas of the market. We added to low-cost, high-quality energy names, (including) Chevron. We are positive on the company’s strong balance sheets, competitive positions and exposure to an economic recovery.”