5 Best LNG Stocks to Buy Now

1. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 64

Exxon Mobil Corporation (NYSE:XOM) explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. Exxon Mobil Corporation (NYSE:XOM) was founded in 1870 and is based in Irving, Texas.

Exxon Mobil Corporation (NYSE:XOM) released its third-quarter 2021 earnings this September. The company reported earnings per share of $1.58, and beat EPS estimates by $0.06. The company also reported revenues of $73.79 billion, up 59.71% year over year, and beat estimates by $2.09 billion.

By the end of the third quarter of 2021, 64 hedge funds held stakes in Exxon Mobil Corporation (NYSE:XOM). The total value of these stakes was $4.64 billion. This is compared to 68 positions in the second quarter of 2021, with stakes of $3.69 billion.

Taking a look at the September filings, GQG Partners is the primary stakeholder in Exxon Mobil Corporation (NYSE:XOM), possessing the highest stakes in the company as compared to other hedge funds tracked by Insider Monkey. The fund has stakes worth over $1.56 billion in the company, which represents 4.28% of its 13F portfolio.

First Eagle Investment Management, an investment management firm, published its second-quarter 2021 investor letter, in which it mentioned Exxon Mobil Corporation (NYSE:XOM). Here’s what the firm had to say:

“Leading contributors in the First Eagle Global Fund this quarter included Exxon Mobil Corporation. The continued recovery in oil prices as economies reopen helped fuel another strong performance across the energy complex, including shares of Exxon Mobil. Exxon Mobil recently lost a proxy fight with an activist investor that took three of the company’s 12 board seats. While the press was focused on the investor’s concerns over Exxon Mobil’s long term energy transformation strategy, other factors fundamental to shareholder returns—like capital discipline and balance sheet management—were also at play.”

You can also take a look at 15 Biggest Oil Companies in USA and 15 Most Valuable Gas Companies in the World.

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