5 Energy Stocks to Buy According to Steve Pattyn’s Yaupon Capital

3. Crestwood Equity Partners LP (NYSE:CEQP)

Yaupon Capital Stake Value: $5,996,000
Percentage of Yaupon Capital’s 13F Portfolio: 3.31%
Number of Hedge Fund Holders: 7

Crestwood Equity Partners LP (NYSE:CEQP) is engaged in the investment and management of energy midstream assets.

In September, the company agreed to buy Oasis Midstream Partners LP (NASDAQ:OMP) for $1.8 billion in cash and shares, including debt assumption. In October, Crestwood Equity Partners LP (NYSE:CEQP) declared third-quarter financial results. It posted revenue of $1.22 billion, presenting a 135.0% year-over-year growth.

In October, Truist analyst Neal Dingmann lifted his price target on Crestwood Equity Partners LP (NYSE:CEQP) to $168 from $160, with a “Buy” rating on the shares.

As of Q2 2021, 7 hedge funds tracked by Insider Monkey have positions in Crestwood Equity Partners LP (NYSE:CEQP), valued at $15.76 million. Out of the hedge funds being tracked by Insider Monkey, Steve Pattyn’s Yaupon Capital is a leading shareholder in the company with 200,000 shares worth $6 million.