Energy prices have risen as a result of Russia’s invasion of Ukraine. The West’s sanctions against Russia have prompted investors to buy up oil and gas stocks. The price of natural gas in Europe is now fourteen times higher than in the United States. Energy stocks that are currently trading at a discount are difficult to come by in today’s market. As of December 31, 2021, Mario Gabelli’s fund had a portfolio worth more than $11.6 billion. Selective hedge funds’ holdings in the energy sector include the following companies: Exxon Mobil, Chevron, and ConocoPhillips. At over $130 per barrel, crude oil prices are at their highest level in thirteen years. European gas prices, which are heavily dependent on Russian supplies, have risen to 10-year highs. In order to exert pressure on the West to lift sanctions, Russia is limiting exports and restricting imports.
Insider Monkey highlights the 10 oil and gas stocks to buy according to Mario Gabelli. National Fuel Gas Company is a diversified energy company that owns and operates a wide range of businesses in the energy sector. The firm is heavily invested in by well-known hedge funds. More than $24 million worth of shares are held by Boston-based Arrowstreet Capital, which has 382,644 shares. NFG stock held by GAMCO Investors was worth $80 million. At the end of the fourth quarter of 2021, GAMCO Investors had more than 726,000 shares of the company worth more than $50 million. Over $359 million was invested by 16 hedge funds in Southwest Gas Holdings, Inc. For drilling and production equipment, Dril-Quip, Inc. is a company. In recent months, hedge funds have been investing in the stock. There were $57 million in stakes in DRQ at the end of the fourth quarter of 2021, held by 18 hedge funds. According to GAMCO Investors’ December 2021 portfolio, the company had 3.2 million shares valued at $14.9 million. RPC, Inc. saw 13 hedge fund positions worth $21 million in the Insider Monkey database, compared to 12 in the previous quarter worth $26 million. At the end of the fourth quarter of 2021, Insider Monkey’s database included 19 hedge funds with $71 million invested in Black Hills Corporation. In the first quarter of 2022, Mario Gabelli had more than $14.2 million in stock in his portfolio. For more details, click 10 Oil And Gas Stocks To Buy According To Mario Gabelli.
