5 Energy Stocks to Buy According to Joe Huber’s Huber Capital Management

2. BP p.l.c. (NYSE:BP)

Huber Capital Management’s Stake Value: $10,312,000

Percentage of Huber Capital Management’s 13F Portfolio: 2.66%

Number of Hedge Fund Holders: 29

Headquartered in London, BP p.l.c. (NYSE:BP) produces natural gas, biofuels, wind power, and solar power, in addition to providing de-carbonization solutions and services. Huber Capital Management owns 377,300 BP p.l.c. (NYSE:BP) shares, worth $10.3 million, representing 2.66% of the fund’s third quarter 13F investments. 

On November 9, BP p.l.c. (NYSE:BP) declared a $0.3276 per share interim dividend, in line with previous. The dividend was paid on December 17, to shareholders of record on November 12. 

JPMorgan analyst Christyan Malek raised the price target on BP p.l.c. (NYSE:BP) to £590 from £570 and kept an Overweight rating on the shares on January 14.

According to the Q3 database of Insider Monkey, 29 hedge funds were bullish on BP p.l.c. (NYSE:BP), with stakes equalling $1.05 billion. In Q3 2021, Arrowstreet Capital held a prominent stake in BP p.l.c. (NYSE:BP), with 4.7 million shares worth $130.4 million.