5 LNG Shipping Stocks to Buy Now

1. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 71   

Exxon Mobil Corporation (NYSE:XOM) is an integrated oil and gas firm. The firm has over 40 years of development and transportation experience in the LNG sector. The firm, through affiliates and joint ventures, produces 23 MTA of LNG globally and delivers to 30 countries. It has an LNG-related presence on five continents. The firm helped develop 12 of the 14 LNG facilities in Qatar. Qatar is one of the largest LNG producing countries in the world. Exxon spent $30 billion on helping Qatar develop these LNG facilities. 

On March 9, Barclays analyst Jeanine Wai kept an Overweight rating on Exxon Mobil Corporation (NYSE: XOM) stock and raised the price target to $98 from $91, citing the gas price strip and updated capex assumptions as some of the reasons behind the upgrade. 

At the end of the fourth quarter of 2021, 71 hedge funds in the database of Insider Monkey held stakes worth $5.3 billion in Exxon Mobil Corporation (NYSE:XOM), compared to 64 in the preceding quarter worth $4.6 billion. 

In its Q4 2021 investor letter, Saturna Capital highlighted a few stocks and Exxon Mobil Corporation (NYSE:XOM) was one of them. Here is what the fund said:

“Few companies maintain their position at the top for more than a decade or two. One that did was Exxon Mobil Corporation (NYSE:XOM), which appeared decennially from 1980 through 2010. In 2019 it was ranked 10th, but as of writing has dropped to 39th place.”

You can also take a peek at 13 Best Hemp Stocks to Buy Now and Billionaire Dan Loeb’s Top 10 Stock Picks.

Follow Insider Monkey on Twitter