Hedge Funds are Betting on These 5 Sliding Stocks

2. Chevron Corporation (NYSE:CVX)

Number of Hedge Fund Holders: 72

Chevron Corporation (NYSE:CVX) shares have lost about 17% year to date through December 4. As of the end of the third quarter of 2023, 72 hedge funds had stakes in Chevron Corporation (NYSE:CVX).

In November, Bernstein upgraded Chevron Corporation (NYSE:CVX) to Outperform from Market Perform with a $182 price target. The firm said that the selloff around Chevron Corporation (NYSE:CVX) after the company’s quarterly report was overdone.