5 Best Oil and Energy Stocks To Buy Now

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In this article we discuss the 5 best oil and energy stocks to buy now. If you want to read our detailed analysis of the oil and energy industry, go directly to 10 Best Oil and Energy Stocks To Buy Now.

5. China Petroleum & Chemical Corporation (NYSE: SNP)

Number of Hedge Fund Holders: 13

China Petroleum, also Sinopec, is one of the biggest energy companies in the world operating in the oil refinery, gas and petrochemicals business. The company operates various segments, including Exploration and Development, Refining, Marketing and Distribution, Chemicals and Corporate. In March 23, the company entered into an agreement with Qatar after which the Arab country will buy 2 million tons per year of liquefied natural gas from the company for 10 years.

Jim Simons’ Renaissance Technologies is one of the 13 hedge funds tracked by Insider Monkey having stakes in SNP at the end of the fourth quarter. The fund owns over 3.1 million shares of the company.

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