5 Oil and Gas Stocks to Buy According to Ken Fisher

2. BP plc (NYSE:BP)

Number of Hedge Fund Holders: 26

BP plc (NYSE:BP) is one of the most notable energy stocks to buy according to billionaire Ken Fisher. He has a $367 million stake in the company. The stock is down 16% over the last 30 days, as of March 6. BP plc (NYSE:BP) recently said that it is abandoning its stake in Rosneft amid Russia’s attack on Ukraine. Rosneft accounts for around half of BP plc (NYSE:BP)‘s oil and gas reserves.

Arrowstreet Capital of Peter Rathjens, Bruce Clarke, and John Campbell had increased its stake in BP plc (NYSE:BP) by 144% in the fourth quarter of 2021, ending the period with over 13 million shares of the company, worth $367 million.