5 Best Energy Stocks To Invest In According to Hedge Funds

2. Occidental Petroleum Corporation (NYSE:OXY)

Number of Q3 2023 Hedge Fund Shareholders: 75

Occidental Petroleum Corporation (NYSE:OXY) is a sizeable American oil and gas company that explores, transports, and markets the fuel products. It’s been struggling on the financial front as of late since Occidental Petroleum Corporation (NYSE:OXY) has missed analyst EPS estimates in three of its four latest quarters.

After digging through 910 hedge fund portfolios for last year’s third quarter, Insider Monkey discovered that 75 had bought and owned the firm’s shares. Occidental Petroleum Corporation (NYSE:OXY)’s largest hedge fund investor is Warren Buffett’s Berkshire Hathaway as it owns 224 million shares that are worth $14.5 billion.

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