5 Stocks To Buy Now According To Stamos Capital

2. Chevron Corporation (NYSE:CVX)

Stamos Capital’s Stake Value: $8 million
Percentage of Stamos Capital’s 13F Portfolio: 4.22%
Number of Hedge Fund Holders: 50

Chevron Corporation (NYSE: CVX) is an energy company involved in the exploration, development, and production of crude oil and natural gas.

On October 7, Truist analyst Neal Dingmann raised the price target on Chevron Corporation (NYSE:CVX) to $150 from $145, and kept a Buy rating on the shares of the company. Shares of the company rose by 2.3% following the rise in the prices of Brent crude oil.

By the end of the second quarter of 2021, 50 hedge funds out of the 873 tracked by Insider Monkey held stakes in Chevron Corporation (NYSE: CVX) worth roughly $4.3 billion. This is compared to 41 hedge funds in the previous quarter with a total stake value of approximately $4.9 billion. Peter Stamos reported owning 76,570 shares in the company worth more than $8 million.