5 Oil Stocks with Biggest Upside

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In this piece, we will take a look at the five oil stocks with the biggest upside. If you want to learn more about why some oil stocks might do well over others, then read 13 Oil Stocks with Biggest Upside.

5. Schlumberger Limited (NYSE:SLB)

Number of Q4 2023 Hedge Fund Shareholders: 62

Share Price Performance YTD: -7.35%

The sizeable oil and gas equipment firm Schlumberger Limited (NYSE:SLB) is a 2024 Goldman Sachs stock pick. And despite the year to date share price drop, the shares are rated Strong Buy on average. The average share price target of $68 prices in a 41% upside.

During Q4 2023, 62 out of the 933 hedge funds covered by Insider Monkey’s research were Schlumberger Limited (NYSE:SLB)’s shareholders. Rajiv Jain’s GQG Partners owned the biggest stake which was worth $1.5 billion.

Follow Schlumberger Limited (NYSE:SLB)


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