In this article, we talk about the 5 best LNG stocks to buy now. If you want to take a look at our detailed analysis of the LNG industry, you can head on to 10 Best LNG Stocks to Buy Now.
5. Devon Energy Corporation (NYSE:DVN)
Number of Hedge Fund Holders: 48
By the end of the third quarter of 2021, 48 hedge funds out of the 867 tracked by Insider Monkey held stakes in Devon Energy Corporation (NYSE:DVN). The total value of these stakes was $1.40 billion. This is compared to 50 positions in the second quarter of 2021, with total stakes worth $1.03 billion.
As of the third quarter of 2021, Devon Energy Corporation (NYSE:DVN) generated revenues of $3.47 billion, up 224.84% year over year, and beat revenue estimates by $546.05 million. The stock also posted earnings per share of $1.08, beating expert EPS estimates by $0.15.
On 4th November, Truist analyst Neal Dingmann raised his price target on Devon Energy Corporation (NYSE:DVN) to $60 from $52 and reiterated a Buy rating on the shares after its third-quarter earnings beat.
According to Insider Monkey’s database, GQG Partners is the key stakeholder in Devon Energy Corporation (NYSE:DVN).
4. ConocoPhillips (NYSE:COP)
Number of Hedge Fund Holders: 49
ConocoPhillips (NYSE:COP) explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. ConocoPhillips (NYSE:COP) was founded in 1917 and is headquartered in Houston, Texas.
This October, Mizuho analyst Vincent Lovaglio raised his price target on ConocoPhillips (NYSE:COP) to $99 from $88 and reiterated a Buy rating on the shares.
ConocoPhillips (NYSE:COP) posted its third-quarter earnings this September. According to their quarterly assessment, the company reported an EPS of $1.77, beating estimates by $0.25. On top of this, the company generated revenues of $11.62 billion, up 165.21% year over year, and beat revenue estimates by $1.36 billion.
As of the third quarter of 2021, 49 hedge funds have reportedly held stakes in ConocoPhillips (NYSE:COP) worth roughly $1.37 billion. This is compared to 50 hedge funds in the second quarter of 2021, with stakes of $1.15 billion.
According to Insider Monkey’s data, as of September 30th, Ken Fisher’s Fisher Asset Management has the highest stakes in ConocoPhillips (NYSE:COP). Mr. Fisher owns 5.95 million shares in the company, worth $403.5 million.
ClearBridge Investments, an investment management firm, published its “Large Cap Value Strategy” first quarter 2021 investor letter. The firm mentioned ConocoPhillips (NYSE:COP) in their investor letter and shared their stance on the company, here’s what they had to say:
“While reducing in health care and consumer staples, we increased our exposure to high-quality names in economically sensitive areas of the market. We added to low-cost, high-quality energy names (including) ConocoPhillips. We are positive on the company’s strong balance sheets, competitive positions and exposure to an economic recovery.”
3. Cheniere Energy, Inc. (NYSE:LNG)
Number of Hedge Fund Holders: 49
By the end of the third quarter of 2021, 49 hedge funds out of the elite 867 tracked by Insider Monkey held stakes in Cheniere Energy, Inc. (NYSE:LNG) worth $3.10 billion. This is compared to 49 positions in the previous quarter, with a total stake value of $2.94 billion. The hedge fund sentiment surrounding the stock can be observed to be positive.
On October 25, Morgan Stanley analyst Devin McDermott raised his price target on Cheniere Energy, Inc. (NYSE:LNG) to $132 from $94 and reiterated an Overweight rating on the shares. The analyst highlighted that the stock price of the company has risen 110% over the past year as the company has now beaten expectations and raised guidance for three consecutive quarters.
Cheniere Energy, Inc. (NYSE:LNG) reported its third-quarter earnings in September 2021. The company has generated a revenue of $3.20 billion, which indicates year-over-year growth of 119.18%.
According to the September filings, Icahn Capital LP holds the most shares of Cheniere Energy, Inc. (NYSE:LNG). The fund is in possession of more than 16.16 million shares of the stock, worth roughly $1.57 billion.
2. Chevron Corporation (NYSE:CVX)
Number of Hedge Fund Holders: 51
Chevron Corporation (NYSE:CVX) engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. Chevron Corporation (NYSE:CVX) was founded in 1879 and is headquartered in San Ramon, California.
Out of the 867 elite funds tracked by Insider Monkey, 51 hedge funds held stakes in Chevron Corporation (NYSE:CVX) by the end of the third quarter of 2021. The total value of these stakes was $4.44 billion. This is compared to 50 positions in the previous quarter with a total stake value of $4.27 billion.
As of this November, Wells Fargo analyst Roger Read raised his price target on Chevron Corporation (NYSE:CVX) to $115 from $109 and kept an Equal Weight rating on the shares. The analyst notes Chevron Corporation (NYSE:CVX) delivered an “impressive” third-quarter performance and continues to strengthen its balance sheet.
As of the third quarter of 2021, Chevron Corporation (NYSE:CVX) reported earnings per share of $2.96, beating estimates by $0.77. The company’s revenue came out at $44.71 billion, up 82.86% year over year, and beat estimates by $3.86 billion.
According to the latest third-quarter filings, Warren Buffett’s Berkshire Hathaway is the leading stakeholder in Chevron Corporation (NYSE:CVX). Mr. Buffett owns more than 28.7 million shares in the company, which amount to a stake value of $2.91 billion, and represent 0.99% of Berkshire Hathaway’s 13F portfolio.
ClearBridge Investments, an investment management firm, published its “Large Cap Value Strategy” first quarter 2021 investor letter, in which it shared its insights on Chevron Corporation (NYSE:CVX). Here’s what the experts at ClearBridge Investments had to say:
“While reducing in health care and consumer staples, we increased our exposure to high-quality names in economically sensitive areas of the market. We added to low-cost, high-quality energy names, (including) Chevron. We are positive on the company’s strong balance sheets, competitive positions and exposure to an economic recovery.”
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.
