5 Best Crude Oil Stocks To Buy Today

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In this article, we discuss the 5 best crude oil stocks to buy today. If you want to read our detailed analysis of these stocks, go directly to the 10 Best Crude Oil Stocks To Buy Today

05. Suncor Energy Inc. (NYSE:SU)

Number of Hedge Fund Holders as of Q2, 2022: 47

Suncor Energy Inc. (NYSE:SU) is an energy company based in Canada. The company focuses mainly on developing petroleum resource basins in Canada’s Athabasca oil sands. It also explores, acquires, develops, produces, transports, refines, and markets crude oil in Canada and internationally.

On October 19, analyst Lloyd Byrne at Jefferies initiated coverage of Suncor Energy Inc. (NYSE:SU) with a Hold rating and a C$44 price target. The EPS of Suncor Energy Inc. (NYSE:SU) is anticipated to increase by 15.01% during the following three to five years. The company’s one-year dividend growth rate is now 82.04%, which clearly demonstrates its reliability as a dividend payer. The yearly revenue increase for Suncor Energy Inc. (NYSE:SU) is 64.4%, while the yearly growth in operational cash flow is 125.58%.

According to the Insider Monkey data on 895 leading hedge funds, 47 hedge funds were long Suncor Energy Inc. (NYSE:SU) shares as of Q2 2022, with the total shares held by hedge funds valued at $2.4 billion. Arrowstreet Capital was the largest shareholder on record with ownership of 16.6 million shares valued at $583 million.

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