The **Chevron Corporation (CVX)** is earning attention from investors due to its promise as a long-term stock according value forecast derived from hedge funds. **Stratos Investment Management LLC** has increased its holdings in Chevron, reflective of its attractive valuation. However, some firms such as the **Bleakley Financial Group LLC**, **B.O.S.S. Retirement Advisors LLC**, and **Asset Dedication LLC** have lowered their positions. The stock is also faring well in **Warren Buffett's portfolio**, with analysts recommending it as an undervalued wide-moat stock. Chevron has managed to demonstrate resilience in the face of energy volatility by maintaining strong dividend payouts. Several institutional owners are considering drastic moves due to Chevron's recent **$33b drop** adding to long-term losses, however. Chevron is focusing more on **direct gas sales**, potentially divesting Texas Gas holdings, and selling assets worth $6.5b to **Canadian Natural Resources**. In an effort to innovate, Chevron plans to establish a **$1B Innovation Center in India**. Despite some challenging setup into H2, Chevron imparted a strong Q2 earnings performance, demonstrating a profit drop despite higher revenues. Furthermore, Chevron is expected to execute a **takeover of Hess Corp.**, after approval from U.S officials and remains a popular clean energy stock among Redditors.
Chevron Corporation CVX News Analytics from Wed, 20 Mar 2024 07:00:00 GMT to Sat, 19 Oct 2024 11:03:17 GMT -
Rating 7
- Innovation 4
- Information 7
- Rumor -3
