The stock of Chevron Corporation (NYSE:CVX) – the 2nd largest United States oil company is still attractive despite reporting a significant loss in its most recent quarter.
Chevron is one of only 2 oil and gas Dividend Aristocrats, and is one of the 6 oil and gas super majors. Chevron stock is currently offering investors a high dividend yield.
Among the smart money investors tracked by Insider Monkey, billionaire Ken Fisher’s Fisher Asset Management owns 3.64 million shares of Chevron Corporation as of the end of March; the investor boosted its stake by 31% on the quarter.
While waiting for a significant recovery in the price of oil, investors can enjoy the generous dividend currently yielding 4.2% a year…
Source: Insider Monkey