5 Best Energy Stocks To Buy Now

1. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 85

Exxon Mobil Corporation (NYSE:XOM) has long been a dominant force in the LNG sector, boasting over four decades of experience in LNG project development. With roots tracing back to the era of John D. Rockefeller’s Standard Oil, Exxon Mobil Corporation (NYSE:XOM) has evolved significantly over its 140-year history. Originally established as a local distributor of kerosene in the United States, the company has emerged as a global industry leader, ranking prominently among the foremost publicly traded entities in the petroleum and petrochemical fields.

As of the conclusion of the fourth quarter of 2023, Insider Monkey’s tracking data revealed that 85 out of 933 hedge funds held stakes in Exxon Mobil Corp (NYSE:XOM). Among them, Ken Fisher’s Fisher Asset Management emerged as the largest stakeholder, with a $1.32 billion investment in Exxon Mobil Corp (NYSE:XOM).

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily enewsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also check out 11 Cheap AI Stocks to Buy in 2024 and 13 Best Bank Stocks To Invest In For Long-Term.