5 Stocks with Over 15 Years of Dividend Hikes

1. Chevron Corporation (NYSE:CVX)

Number of Hedge Fund Holders: 50

Number of Years of Dividend Increases: 34

Dividend Yield: 4.89%

By the end of the second quarter of 2021, 50 hedge funds held stakes in Chevron Corporation (NYSE:CVX) worth $4.27 billion. This is compared to 41 positions in the previous quarter, with a total stake value of $4.86 billion.

This October, Truist analyst Neal Dingmann raised his price target on Chevron Corporation (NYSE:CVX) to $150 from $145 and reiterated a Buy rating on the shares as part of a broader research note on Exploration and Production names in the Energy sector. The analyst is increasing his oil price deck estimates by over 6% for the fourth quarter of the 2021 to 2023 period and natural gas prices by over 34%.

ClearBridge Investments, an investment management firm, published its “Large Cap Value Strategy” first quarter 2021 investor letter. The firm shared its stance on whether or not Chevron Corporation (NYSE:CVX) is a good stock to invest in. Here’s what they had to say:

“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.”

You can also take a look at 10 Best Dividend Stocks for Long Term and 10 Best High Dividend Stocks to Buy.

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