3 Best Energy Stocks to Buy Now According to Billionaire Leon Cooperman

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1. Devon Energy Corporation (NYSE:DVN)

Omega Advisors’ Stake Value: $119,881,000

Percentage of Omega Advisors’ 13F Portfolio: 6.02%

Number of Hedge Fund Holders: 66

Devon Energy Corporation (NYSE:DVN) is another independent energy company. It makes up over 6% of Omega Advisors’ portfolio according to their latest 13F holdings. The company explores, develops, and produces oil, natural gas, and natural gas liquids in the US. It is also dedicated to hydrocarbon exploration in the US and is based in Oklahoma City.

Neil Mehta, an analyst at Goldman Sachs, holds a Neutral rating on Devon Energy Corporation (NYSE:DVN) shares as of this July. The analyst also has a $61 price target on the stock.

Out of 912 hedge funds, 66 funds were long Devon Energy Corporation (NYSE:DVN) in the first quarter of 2022. Their total stake value was $1.9 billion.

See also Bill Gates’ Stock Portfolio: Top 15 Picks and 10 Best Stocks To Invest In Right Now.

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