This Is the Best Time to Buy These 5 Long-Term Dividend Stocks

4. Chevron Corporation (NYSE:CVX)

Number of Hedge Fund Holders: 53

Dividend Yield as of November 1: 3.14%

Chevron Corporation (NYSE:CVX) is an energy company engaged in conventional energy operations worldwide. The company is based in San Ramon, California.

Charles Ryhee, an analyst at Cowen, holds an Outperform rating on Chevron Corporation (NYSE:CVX) shares as of October 31. The analyst also raised his price target on the stock from $160 to $185.

Chevron Corporation’s (NYSE:CVX) dividend growth history shows consistent dividend increases over the past 34 years and a five-year dividend growth rate of 5.33%. The company has been performing well relative to the S&P 500, with its shares rising 121.5% so far this year, compared to the S&P 500’s 19.2% gain.

In total, 53 hedge funds were long Chevron Corporation (NYSE:CVX) in the second quarter and in the previous quarter as well. Their total stake values were $27.9 billion and $6.5 billion, respectively.