5 Most Undervalued Dow Stocks To Buy According To Hedge Funds

4. Chevron Corporation (NYSE:CVX)

Number of Hedge Fund Investors In Q2 2023: 73

Latest P/E Ratio: 10.07

Chevron Corporation (NYSE:CVX) is a petro giant with a global operations base. Like its peers, it’s also coming down from the 2022 oil industry boom, and the firm aims to increase LNG production in Australia – at a site where it is currently negotiating with workers.

During this year’s June quarter, 73 out of the 910 hedge funds polled by Insider Monkey had bought a stake in the company. Chevron Corporation (NYSE:CVX)’s biggest stakeholder is Warren Buffett’s Berkshire Hathaway through a stake worth $19.3 billion.

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