Chevron Corporation (CVX): Among Value Stocks in Ken Fisher's Portfolio

We recently published a list of 10 Value Stocks in Ken Fisher’s Portfolio. In this article, we are going to take a look at where Chevron Corporation (NYSE:CVX) stands against other value stocks in Ken Fisher’s portfolio.

Trump’s “stupid” tariffs will fail; that’s the sentiment echoed by billionaire investor Ken Fisher as their impact continues to be felt far and wide. Fisher, the brains behind Fisher Asset Management joins a growing list of institutional investors concerned that tariffs will lower growth and raise inflation at a time of weakening consumer sentiment. Billionaire investor Bill Ackman has already warned that the U.S. could be headed to an “economic nuclear winter” as a result of the tariff policy rollout, costing Trump the confidence of business leaders.

While major indices have pulled back significantly amid deep selloff in various sectors, Trump insists on staying in the race to remake the global trade order. Stocks are already on the brink of plunging into bearish territories amid recession concerns. The global stock market has lost trillions of dollars since Trump imposed sweeping tariffs on every nation that exports products to the US. Stock indices abroad have also felt the brunt, dropping by more than 10%, as it becomes clear an extended trade war is the biggest threat to the global economy.

READ ALSO: Billionaire Stanley Druckenmiller’s Top 10 Stocks Picks with Huge Upside Potential and Top 10 Stocks in Ken Griffin’s Portfolio to Buy According to Analysts.

Amid the growing concerns, Fisher insists the pitfalls of the ravaging trade war are passing wind that will fade and fail.

“What Trump unveiled Wednesday is stupid, wrong, arrogantly extreme, ignorant trade-wise and addressing a non-problem with misguided tools,” Fisher wrote on social media platform “X.” “Yet, as near as I can tell it will fade and fail and the fear is bigger than the problem, which from here is bullish.”

How true that is, is still an open discussion as Trump stays put even as reciprocal tariffs come into play. China has already responded with an 84% tariff on US goods in response to the US imposing more than 100% tariffs on Chinese imports. The back-and-forth spat threatens to affect the global trade order, causing heightened jitters in the equity markets.

According to Fisher, the deep selloff on fears of a full-blown trade could be outsized compared to the issues around the policy itself. Consequently, the billionaire investor expects the market to bounce back and rally once the selloff dust settles.

“The fear is bigger than the problem can be,” Fisher continued. “Single period stock market comparisons are always iffy, but it may well be this goes something like the 1998 stock market correction leading to a 26% annual return.”

Even as investors turn their attention to safe havens in the race to store wealth, value stocks remain resilient. The top value stocks in the Fisher Asset Management portfolio stand out because they are well-established companies. The fact that they are undervalued due to the ongoing market correction amid the trade war presents an exciting opportunity. Additionally, the stocks are spread across various sectors, from financials to healthcare to consumer cyclical and technology.

Our Methodology

We combed Fisher Asset Management’s Q4 2024 13F filings to identify the 10 value stocks in Ken Fisher’s portfolio. We chose stocks that are trading at a forward P/E of less than 20 and are part of industries including energy, financials, and healthcare, among others. Finally, we ranked the stocks in ascending order based on the value of Fisher Asset Management equity stakes in the stocks while also outlining hedge fund sentiment for each stock as of Q4 2024.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

Chevron Corporation (NYSE:CVX)

Fisher Asset Management Equity Stake: $2.88 Billion

Forward P/E Ratio as of April 17: 14.37

Number of Hedge Holders: 81

Chevron Corporation (NYSE:CVX) is an integrated energy company that provides crude oil, natural gas, and refined products. It also develops and markets lubricants, fuel oil additives, and chemicals. It is one of the energy plays holding steady amid the turmoil in the sector, on oil prices plunging below the $ 70-a-barrel level. On April 15, Wells Fargo reiterated a Buy rating on the stock with a $173 price target buoyed by the company’s strategic moves.

While Chevron Corporation (NYSE:CVX) is facing increased depreciation and amortization in its upstream sector and adjustments in production volumes, analysts believe the $2.3 billion acquisition of Hess stakes will act as a favorable tailwind. In the long run, Chevron intends to acquire all of Hess’s outstanding shares to strengthen its Shale footprint further. The acquisition should diversify the company’s portfolio by gaining access to an asset with industry-leading cash margins and low carbon intensity.

Chevron Corporation (NYSE:CVX) is expected to deliver non-GAAP EPS of $10.30 in FY25, up 2.5% from $10.05 in fiscal 2024. Earnings are expected to surge by 18.7% in fiscal 2026 to $12.23 per share, affirming underlying growth even as it faces headwinds amid the turmoil in the energy sector.

Overall, CVX ranks 5th on our list of value stocks in Ken Fisher’s portfolio. While we acknowledge the potential of CVX as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CVX but that trades at less than 5 times its earnings check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.