Top 5 Oil and Gas Stocks To Buy

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1. Occidental Petroleum Corporation (NYSE:OXY)

Number of Hedge Fund Holders: 73

Occidental Petroleum Corp is up about 6.5% year to date through October 23.

A total of 73 hedge funds out of the 910 hedge funds tracked by Insider Monkey had stakes in Occidental Petroleum. The biggest stakeholder of the company was Warren Buffett’s Berkshire Hathaway which had a $13.2 billion stake in the company.

Here is what Smead Value Fund has to say about Occidental Petroleum Corporation in its Q3 2022 investor letter:

“Our top-performing stocks in the quarter includes Occidental Petroleum (NYSE:OXY). Oil and gas have been the best game in the stock market town this year and it was a pleasant surprise to see home builders pick up even with dour news on interest rates and the economy. For the first three quarters of the year, we should change the name of our fund to the Jed Clampett Fund. Occidental Petroleum (NYSE:OXY), was one of the standouts. Up through the bear market came a “bubblin’ crude!”

You can also take a peek at 20 Countries with Lowest Rates of Cancer and 12 Most Undervalued Travel Stocks To Buy According To Hedge Funds.

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