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
€141.60
0.770%
The stock is one of the favorites of our community with 42 Buy predictions and 3 Sell predictions.
As a result the target price of 158 € shows a slightly positive potential of 11.58% compared to the current price of 141.6 € for Chevron Corp..
