5 Most Profitable Natural Gas Stocks

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

Number of Hedge Fund Holders: 35

Latest TTM Net Income: $25.67 billion

BP p.l.c. (NYSE:BP), a British multinational oil and gas company headquartered in London, England, ranks as one of the oil and gas “supermajors” and stands among the world’s largest companies in terms of revenues and profits. On November 6, Morgan Stanley analyst Martijn Rats maintained an Overweight rating on BP p.l.c. (NYSE:BP) shares, albeit with a reduced price target of 610 GBp from the previous 700 GBp.

As of the close of Q3 2023, 35 hedge funds tracked by Insider Monkey reported having stakes in BP p.l.c. (NYSE:BP), compared with 36 in the preceding quarter. The collective value of these stakes is more than $2.05 billion.