5 Oil and Gas Stocks to Buy According to Ken Fisher

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n this article, we present the list of the 5 oil and gas stocks to buy according to Ken Fisher. For our methodology and a more comprehensive list, go directly to 10 Oil and Gas Stocks to Buy According to Ken Fisher.

5. Schlumberger Limited (NYSE:SLB)

Number of Hedge Fund Holders: 47

Schlumberger Limited (NYSE:SLB), which is up 22% year to date, is currently in the news after two notable stock analysis firms said that the oil field services company is set to lose ground amid the Russia-Ukraine war. According to JP Morgan, Russia accounts for about 8% of total sales for Schlumberger. Citi believes Schlumberger Limited (NYSE:SLB)’s margins in Russia are in the high teens. Both firms think that the company’s operations in the country would be affected due to the current situation.

The stock, however, saw a significant rise in hedge fund sentiment in the fourth quarter as 47 hedge funds reported owning stakes in the company at the end of December, compared to 39 funds in the previous quarter.

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