Top 5 Oil and Gas Stocks To Buy

2. Chevron Corporation (NYSE:CVX)

Number of Hedge Fund Holders: 73 

With over 35 years of consistent dividend hikes oil giant Chevron Corporation (NYSE:CVX) is one of the top oil and gas stocks to buy according to smart money investors. Insider Monkey’s database of 910 hedge funds shows that 73 hedge funds reported owning stakes in Chevron Corporation (NYSE:CVX). The biggest stakeholder of Chevron Corporation (NYSE:CVX) was Warren Buffett’s Berkshire Hathaway which owns a $19.4 billion stake in the company.

Carillon Eagle Growth & Income Fund made the following comment about Chevron Corporation (NYSE:CVX) in its Q2 2023 investor letter:

“Chevron Corporation (NYSE:CVX) stock also traded lower as global oil prices declined in response to fears of an economic slowdown. Energy stocks were the second-worst-performing sector in the quarter.”