Oil Price Predictions for 2022 and 5 Stocks to Watch

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In this article, we discuss oil predictions for 2022 and 5 stocks to watch. If you want our comprehensive analysis of the oil industry, go directly to Oil Price Predictions for 2022 and 10 Stocks to Watch.

5. BP p.l.c. (NYSE:BP)

Number of Hedge Fund Holders: 26

BP p.l.c. (NYSE:BP) is a London-based energy company that operates worldwide, engaged in the production of natural gas, oil, biofuels, and renewable energy. On March 10, JPMorgan analyst Christyan Malek lowered the price target on BP p.l.c. (NYSE:BP) to £480 from £500 and kept an Overweight rating on the shares.

BP p.l.c. (NYSE:BP) on February 28 announced plans to divest from the company’s 20% shareholding in Rosneft, a Russian integrated energy company headquartered in Moscow.

On February 8, BP p.l.c. (NYSE:BP) published its Q4 results, posting an EPS of $1.23, exceeding estimates by $0.09. Revenue over the period jumped 12.87% year-over-year to $50.55 billion, outperforming estimates by $26.07 billion. 

Among the hedge funds tracked by Insider Monkey, 26 funds were long BP p.l.c. (NYSE:BP) in Q4 2021, compared to 29 funds in the previous quarter. Fisher Asset Management is the biggest shareholder of the company, with 13.7 million shares worth $367.1 million. 

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