5 Best Stocks to Buy Now According to Billionaire Howard Marks’ Oaktree Capital

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1. Chesapeake Energy Corporation (NASDAQ:CHK)

Oaktree Capital’s Stake Value: $851 million

Percentage of Oaktree Capital’s 13F Portfolio: 9.89%

Number of Hedge Fund Holders: 67

Chesapeake Energy Corporation (NASDAQ:CHK) is an independent oil and gas exploration company that is headquartered in Oklahoma City, Oklahoma, the United States. The firm has hundreds of millions of barrels of oil equivalent proven reserves.

Mr. Marks’ hedge fund held an $851 million stake in Chesapeake Energy Corporation (NASDAQ:CHK) by the end of 2022’s second quarter. This represented 9.89% of the firm’s investment portfolio. Insider Monkey studied 895 hedge fund holdings for Q2 2022 to discover that 67 had invested in the firm.

Chesapeake Energy Corporation (NASDAQ:CHK)’s second quarter revenues were a breath of fresh air as by posting $1.2 billion in sales the company reversed a $439 million loss it had posted a year back. It also pays a 55 cent dividend for a 2.39% yield. Benchmark set a $137 share price target for the company in August 2022, stating that its return from bankruptcy is not reflected in investment models.

Chesapeake Energy Corporation (NASDAQ:CHK)’s second largest investor in our database is D. E. Shaw’s D E Shaw which owns 4.7 million shares that are worth $385 million.

Disclosure: None. You can also take a look at Best Delivery Stocks To Buy and 10 Best Cheap Technology Stocks To Buy.

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