5 Best Stocks to Buy Now According to Billionaire Chris Rokos

01. EQT Corporation (NYSE:EQT)

Rokos Capital Management’s Stake Value: $130.964 million

Rokos Capital Management’s 13F Portfolio: 3.83%

Number of Hedge Fund Holders: 52

EQT Corporation (NYSE:EQT) operates as a natural gas production company in the United States. The company was founded in 1878 and is headquartered in Pittsburgh, Pennsylvania. On July 27, EQT Corporation (NYSE:EQT) posted strong Q2 results, reporting an EPS GAAP actual of $0.83 and actual revenue of $2.53 billion, both above Wall Street expectations. The stock has gained 153% in value in the past twelve months.

The number of hedge funds holding a stake in EQT Corporation (NYSE:EQT) as of the end of the second quarter remained unchanged from the previous quarter as a total of 52 hedge funds have disclosed a stake in the company.

On August 18, EQT Corporation (NYSE:EQT) price target was increased from $55 to $59 by Mizuho analyst Vincent Lovaglio, who maintains a Buy rating on the stock.

In its Q2 2022 investor letter, ClearBridge Mid Cap Growth Strategy Fund mentioned EQT Corporation (NYSE:EQT) and explained its insights for the company. Here is what the fund said:

“We initiated a position in EQT (NYSE:EQT), the largest natural gas producer in the U.S., which possesses high-quality acreage within the Marcellus Shale basin. EQT has benefited from tight supply and demand dynamics as cleaner-burning natural gas takes global share from coal and exports to Europe and Asia provide an avenue of demand growth. Longer-term contracts enhance EQT’s earnings visibility as Europe eliminates its dependence on Russian gas.”

You can also take a peek at 10 Stocks to Buy According to Kevin McCarthy’s Breakline Capital and 10 Stocks to Buy According to Mark McMeans’ Brasada Capital Management.

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