4 Reasons Investors Should Love This Top Warren Buffett Stock
(NYSE: CVX) is one of Warren Buffett's five largest holdings. His company, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), owns nearly 133 million shares of the oil giant, or about 7% of its outstanding shares. They're currently worth over $20 billion, giving Chevron a 6.1% weighting in Berkshire's investment portfolio.
Chevron continues to prove its worth as an investment. Driving that view is the company's ability to deliver on its four financial priorities. During the first-quarter conference call, the company's management team addressed its success in accomplishing these four financial goals.
CFO Pierre Breber stated on the call, "Strong operating cash flow enabled Chevron to deliver on its financial priorities during the quarter." He noted that the company delivered:
Source Fool.com
Chevron Corp. Stock
With 26 Buy predictions and not a single Sell prediction Chevron Corp. is an absolute favorite of our community.
With a target price of 179 € there is a slightly positive potential of 19.83% for Chevron Corp. compared to the current price of 149.38 €.
