5 Oil and Gas Stocks to Buy According to Ken Fisher

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1. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 71

Oil giant Exxon Mobil Corporation (NYSE:XOM) remains one of the most popular oil stocks among elite hedge funds and institutional investors. 71 hedge funds tracked by Insider Monkey have stakes in the company as of the end of the fourth quarter, compared to 64 funds in the previous quarter. The total value of the stakes as of the fourth quarter is $5.4 billion. Exxon Mobil Corporation (NYSE:XOM)’s CEO Darren Woods recently said that supply disruptions of crude oil from Russia could result in “significantly higher prices” in the international oil markets. The company’s CFO said that Exxon Mobil Corporation (NYSE:XOM)’s departure from Russia would affect about 1%-2% of its earnings and oil production.

Ken Fisher owns 4.8 million shares of Exxon Mobil Corporation (NYSE:XOM) as of the end of the fourth quarter. The total worth of these shares as of the end of December was $293 million.

You can also take a peek at the 10 Cryptocurrencies to Watch Amid Russia’s Attack on Ukraine and 10 Stocks to Buy Now According to Hari Hariharan’s NWI Management.

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