7 Best Stocks for Beginners with Little Money According to Analysts

4. Chevron Corporation (NYSE:CVX)

Analyst Upside as of September 10: 23%

Number of Hedge Fund Folders: 64

Chevron Corporation (NYSE:CVX) ranks fourth on our list of the best stocks for beginners to buy with little money according to analysts. The energy and petroleum company is headquartered in California, United States, and is present in more than 180 countries.

In the second quarter of 2024, Chevron Corporation (NYSE:CVX) grew global production by 11%, year-over-year. Such is attributable to the integration of PDC Energy and the deal with Permian and Denver-Julesburg (DJ) Basins. The company also forged alliances in Namibia, Brazil, Equatorial Guinea, and Angola to expand its exploration base and enhance its acreage position. As for the United States, Chevron’s (NYSE:CVX) net oil-equivalent production increased by  353,000 barrels a day from a year ago. Again, the company attributes this to its successful acquisitions and strategic alliances.

Chevron Corporation (NYSE:CVX) is also making strides in clean and renewable energy. Previously in May, the company operated a gas turbine on a 60% hydrogen fuel blend, significantly reducing emissions. Moreover, the company also owns a 16.5-megawatt wind farm that can power more than 13,000 homes annually.

Overall, Chevron Corporation (NYSE:CVX) reported revenue worth $51.8 billion, up by 4.67% year-over-year, and ahead of market consensus by $453.45 million, in this quarter. The stock has huge potential in the clean energy industry, making it one of the best stocks to buy with little money.

Analysts are bullish on CVX and their 12-month median price target of $175 points to a 23% upside from current levels. In Q2 2024, there were 64 hedge funds that held positions in the stock with total stakes amounting to $22.41 billion. As of June 30, Berkshire Hathaway was the largest shareholder with a position worth $18.55 billion.