5 Stocks With Over 30 Years of Dividend Hikes

4. Chevron Corporation (NYSE:CVX) 

Number of Hedge Fund Holders: 50

Dividend Yield: 4.68%

Chevron Corporation (NYSE:CVX) is an American multinational energy company, which is also the second largest oil company in America. Chevron Corporation (NYSE:CVX) serves customers and industries in over 180 countries, and is one of the direct successors of John Rockefeller’s Standard Oil.

Societe Generale analyst Irene Himona kept a Buy rating on Chevron Corporation (NYSE:CVX) on October 22, with a price target of $130.

ClearBridge Investments mentioned Chevron Corporation (NYSE:CVX) in its Q1 2021 investor letter. Here is what they 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.”