Chevron (CVX) is another integrated oil name that fuelled gains for institutional investors last quarter. All told, the firm increased in value on funds' 13Fs by $16.21 billion, making it the second-favorite oil stock in mutual and hedge funds' portfolios in the final quarter of 2011.
In a very broad sense, the case for Chevron looks a whole lot like the one for Exxon Mobil right now. That's because they're both mammoth integrated oil supermajors with similar scale and operations. In the near-term, one benefit for Chevron is the fact that it has more of its production mix centered on high-priced oil rather than gas, an advantage that's at least in force for the time being.>>Energy Stocks Bought and Sold by Hedge Funds As with Exxon, Chevron's projects are spread across the globe, important diversification given the fact that oil production can be impacted on the whims of foreign leaders. Not concentrating production on a single region helps to ensure that the firm doesn't get shellacked from one geopolitical event. From a financial standpoint, Chevron is in stellar shape, with $10 billion in debt more than offset by a $20 billion cash position. That's impressive for a capital intense business like oil exploration and production. As the firm's financials reflect recent high oil prices, that cash should increase. Chevron shows on lists of 15 Stocks to Ride the Energy Boom of the Next Decade and Large-Cap Dividend Stocks to Buy. I also featured it earlier this month in "5 Stocks to Trade for Breakout Gains." Follow @stockpickr
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV