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We recently published a list of The Best and Worst Dow Stocks. In this article, we are going to take a look at where Chevron Corporation (NYSE:CVX) stands against other Dow stocks.
The Dow Jones Industrial Average is a benchmark index of the top 30 companies in the US. It represents the strength of the US economy and carries great historical significance as well.
It also acts as a reference point for analysts and investors. However, not all stocks within this elite group of companies perform equally. While some thrive on innovation and economic boom, others struggle due to various setbacks and economic trends.
We decided to break down the index and find out the best and worst stocks, looking at what was making them perform unexpectedly this year.
Methodology
In order to come up with our ranking of the best and worst Dow stocks, we first assigned a rank to each stock based on the number of hedge funds holding the stock. We then looked at the short interest in each stock and assigned the top rank to the company with the least short interest.
We then combined the two ranks to see which stock was the best on average. The list is in ascending order, with the best stock taking the number one spot.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
An aerial view of an oil rig at sea, the sun glinting off its structure.
Chevron Corporation (NYSE:CVX)
Number of Hedge Fund Holders: 81
Short Interest as of Apr 30, 2025: 3.54%
Chevron Corporation (NYSE:CVX) is involved in chemicals and integrated energy operations. It generates its revenue through the Downstream and Upstream segments.
The stock has experienced minor volatility as BNP Paribas Exane recently downgraded it from Outperform to Neutral and decreased its price target to $140. The bank lowered its price target, citing the company’s significant exposure to oil operations, as it is cautious about the oil price outlook for the next 12 to 18 months.
On the flip side, the natural gas business is poised to be a growth driver for the company. This part of the business has already contributed to its strong financial performance. It profited from higher natural gas price realization, specifically in international markets. Currently, natural gas is priced at $3.53, demonstrating an 84% rise from the previous year’s gas price.