5 Best Oil Stocks Under $20

4. TechnipFMC plc (NYSE:FTI)

Number of Hedge Fund Investors in Q1 2023: 37

TechnipFMC plc (NYSE:FTI) is a British company with a global operations base that sees it provide a wide variety of products and support services to oil and gas production firms. It is the only stock on our list that has been rated a Strong Buy on average, and it won a big contract in June for providing subsea oil production systems in offshore Angola.

As of March 2023, 37 of the 943 hedge funds polled by Insider Monkey had invested in TechnipFMC plc (NYSE:FTI). Out of these, the firm’s largest shareholder is John Overdeck and David Siegel’s Two Sigma Advisors through a $108 million investment.

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