#4 - Chevron (NYSE:CVX)
Oil stocks are popular among dividend investors. There are many options for investors, but right now, Chevron Corporation (NYSE: CVX) stands out as an undervalued choice.
Oil stocks tend to be highly defensive stocks because oil and gas are needed in virtually every sector of the economy. That's one reason why Warren Buffett recently rotated some of his profits from Apple Inc. (NASDAQ: AAPL) into CVX stock.
However, the stock price of these companies can fluctuate with the oil prices. That's been the case with Chevron stock, which is down 5% in the last 12 months, even though it's up 6% in the last three months.
Chevron expects to grow earnings by 14.5%. The consensus analyst ratings for Chevron on MarketBeat give CVX stock a Moderate Buy rating with a 16.5% upside.
Chevron is also a Dividend Aristocrat with a 37-year streak of increasing its dividend. That dividend currently has an attractive 4.23% yield and pays investors $6.52 per share annually.
About Chevron
Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.
Read More - Current Price
- $153.29
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 13 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $174.60 (13.9% Upside)
