5 Best Oil Stocks Under $20

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1. Transocean Ltd. (NYSE:RIG)

Number of Hedge Fund Investors in Q1 2023: 44

Transocean Ltd. (NYSE:RIG) is a backend oil and gas firm that provides drilling rigs to exploration and production firms. Analyst sentiment has soared in the stock in July, with nearly as many Buy and Strong Buy ratings in July as all ratings combined in June.

After sifting through 943 hedge funds to look at their March quarter of 2023 shareholdings, Insider Monkey discovered that 44 had owned Transocean Ltd. (NYSE:RIG)’s shares. Stephen Mildenhall’s Contrarius Investment Management is the largest shareholder, courtesy of its $181 million stake.

Follow Transocean Ltd. (NYSE:RIG)

Disclosure: None. You can also take a look at 16 Biggest Offshore Oil Rig Companies in the U.S. and 15 Largest Oil Fields in the World.

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