5 Best Oil and Energy Stocks To Buy Now

4. Euronav NV (NYSE: EURN)

Number of Hedge Fund Holders: 14

Euronav is a Belgium-based company that provides storage and transportation services for oil products. The stock is currently down amid OPEC’s decision to keep the production levels unchanged. However, the company is an attractive risk/reward option in the oil tanker market. The company finished the most recent quarter with $1.2 billion liquidity and $162 million in cash. The company also posted $18.5 million in share buybacks. The company is also a reliable dividend payer, with a policy of returning 80% of net income to shareholders.

As of the end of the fourth quarter of 2020, Renaissance Technologies owns 2.2. million shares of EURN worth $17.6 million. EUNR accounts for 0.01% of Renaissance’s total portfolio.