Ken Fisher’s Top 5 Energy Stock Picks

3. Chevron Corporation (NYSE:CVX)

Fisher Investments’ Q2 2023 Stake: $1.1 billion

Chevron Corporation (NYSE:CVX) is a diversified oil giant which not only produces crude oil, but also refines, transports, and sells it to the end consumer. The firm scored a win in August when Mizuho upgraded its share price rating to Buy and upgraded the share price target to $209 citing optimism about Chevron Corporation (NYSE:CVX)’s long term cash generation prospects.

73 of the 910 hedge funds polled by Insider Monkey had bought Chevron Corporation (NYSE:CVX)’s shares as of June 2023. Out of these, Warren Buffett’s Berkshire Hathaway is the firm’s largest investor through a stake worth $19.3 billion.

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