The Value Stock Big-Money Managers Are Quietly Buying
Oil prices have started bouncing higher,, but even before geopolitical developments resulted in a rebound, Wall Street's "smart money" apparently began increasing their positions in top oil and gas companies.
At least, that's the takeaway, based on recent money manager accumulation of shares in (NYSE: CVX) since late last year.
Chevron has been a top oil and gas stock for years, but today it offers an interesting value proposition. While Chevron stock may not appear cheap on a screener, several factors suggest it is inexpensive relative to its future potential.
Source Fool.com
Chevron Corp. Stock
€157.10
0.640%
The stock is one of the favorites of our community with 37 Buy predictions and 3 Sell predictions.
However, we have a potential of -2.61% for Chevron Corp. as the target price of 153 € is below the current price of 157.1 €.
