5 Best Natural Gas Stocks to Buy Now

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1. Occidental Petroleum Corporation (NYSE:OXY)

Number of Hedge Fund Holders: 81

Occidental Petroleum Corporation (NYSE:OXY) is an American oil and gas exploration and production company that operates in the United States, the Middle East, Canada, and Chile. In Canada and Chile, the company only operates its petrochemical manufacturing business.

In the first quarter of 2023, Occidental Petroleum Corporation (NYSE:OXY)’s shares were held by 81 hedge funds and tops the list of our best natural gas stocks to buy. Berkshire Hathaway increased its holdings in the company by 9% in Q1 and was the biggest shareholder of the company with 211.707 million shares worth $13.216 billion. On June 29, after the purchase of 2.1 million Occidental Petroleum Corporation (NYSE:OXY)’s shares, Berkshire Hathaway now owns 25% of the company.

Here is what Smead Capital Management had to say about Occidental Petroleum Corporation in its Q3 2022 investor letter:

“Our top-performing stocks in the quarter includes Occidental Petroleum (NYSE:OXY). Oil and gas have been the best game in the stock market town this year and it was a pleasant surprise to see home builders pick up even with dour news on interest rates and the economy. For the first three quarters of the year, we should change the name of our fund to the Jed Clampett Fund. Occidental Petroleum (NYSE:OXY), was one of the standouts. Up through the bear market came a “bubblin’ crude!”

Follow Occidental Petroleum Corp (NYSE:OXY)

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