5 Energy Stocks to Buy Before Winter

4. Chevron Corporation (NYSE:CVX)

Number of Hedge Fund Holders: 59

Chevron Corporation (NYSE:CVX) is an energy company that engages in integrated energy and chemicals operations worldwide, through its subsidiaries. It operates through its Upstream and Downstream segments, and is based in San Ramon, California.

Phillip Jungwirth, an analyst at BMO Capital, reiterated an ‘Outperform’ rating on Chevron Corporation (NYSE:CVX) shares on August 23. The analyst also holds a $180 price target on the stock.

Chevron Corporation (NYSE:CVX) had EPS of $5.82 in the second quarter, beating estimates by $0.70. The company’s revenue was $68.8 billion, also beating estimates by $11.1 billion. Over the next three to five years, Chevron Corporation’s (NYSE:CVX) EPS is expected to rise by 13.1%.

There were 59 hedge funds long Chevron Corporation (NYSE:CVX) in the second quarter, compared to 53 hedge funds in the previous quarter. Their total stake values were $26 billion and $27.9 billion respectively.