5 Value Stocks to Buy in 2022 According to Ken Fisher

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In this article, we discuss the 5 value stocks to buy in 2022 according to Ken Fisher. If you want to check out our detailed analysis of value stocks in Ken Fisher’s portfolio, go instead to 10 Value Stocks to Buy in 2022 According to Ken Fisher.

5. Chevron Corporation (NYSE:CVX)

Fisher Asset Management’s Stake Value: $1 billion

Number of Hedge Fund Holders: 53

P/E Ratio: 15.68

Chevron Corporation (NYSE:CVX) is a major American energy company headquartered in San Ramon, California. It’s another energy stock to make it to the list of value stocks to buy in 2022 according to Ken Fisher because of its fundamentals. It has a P/E ratio of 15.68, which is well below the industry average. On top of that, the company relies on only 20% debt relative to equity to run its operations, establishing its status as a value stock in Ken Fisher’s portfolio.

The company has a presence in over 180 countries through its franchise business model. Chevron Corporation (NYSE:CVX) is involved in the full spectrum energy business from hydrocarbon exploration to production, refinement, transport and marketing. 

On May 19, Citi analyst Alastair Syme increased the price target on Chevron Corporation (NYSE:CVX) to $170 from $160 and kept a ‘Neutral’ rating on the shares after the first quarter results. 

Fisher Asset Management’s $1 billion stake in the company makes it the second biggest holder in the first quarter of 2022, after Berkshire Hathaway, the hedge fund managed by the famous value investor Warren Buffett, which has a stake of $25 billion in Chevron Corporation (NYSE:CVX) which makes up over 7% of Berkshire Hathaway’s portfolio. 

On top of that, ClearBridge Investments discussed Chevron Corporation (NYSE:CVX) in their 2022’s first-quarter investor letter. Here is what they said:

“The energy sector, which led a strong market in 2021, generated even more dramatic relative performance in the quarter, advancing 39% and leading the benchmark Russell 1000 Value Index. Years of restrained investment in the energy sector, combined with a strong post-pandemic recovery, contributed to the higher commodity prices. The upward pressure escalated with the Russian invasion of Ukraine. Our energy holding Chevron (NYSE:CVX) benefited from higher commodity prices and was among the top contributors to first-quarter performance.”

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