5 Best Oil Stocks To Buy According To Hedge Funds

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1. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders in Q4 2022: 79

Exxon Mobil Corporation (NYSE:XOM) is the world’s biggest private oil company in terms of revenue, and one that operates from the field to the pump. It is headquartered in Irving, Texas.

Exxon Mobil Corporation (NYSE:XOM) is busy diversifying its business, as the firm announced in February 2023 that it will sell ammonia from a low carbon hydrogen producing facility in Texas. 79 of the 943 hedge funds polled by Insider Monkey held stakes in the firm during 2022’s final quarter.

Out of these, Rajiv Jain’s GQG Partners is Exxon Mobil Corporation (NYSE:XOM)’s largest shareholder with a $3.6 billion stake that comes via 32 million shares.

Follow Exxon Mobil Corp (NYSE:XOM)

Disclosure: None. You can also take a peek at 12 Most Promising Solar Stocks According to Analysts and 11 High Growth Energy Stocks to Buy.

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