5 LNG Stocks to Buy Amid Russia-West Energy Wars

3. Chevron Corporation (NYSE:CVX)

Number of Hedge Fund Holders: 59

Chevron Corporation (NYSE:CVX) is an American multinational provider of crude oil and natural gas. The company also specializes in the liquefaction, transportation, and regasification of liquefied natural gas. On September 12, Piper Sandler analyst Ryan Todd maintained an Overweight rating on Chevron Corporation (NYSE:CVX) and raised the price target on the shares to $190 from $189. The analyst sees upside for the integrated oils group, which will extend to 2023. Despite some upside risk to upstream cost inflation, the analyst noted that there would be no change to priorities across his upstream coverage.

Among the hedge funds tracked by Insider Monkey, 59 funds reported owning stakes in Chevron Corporation (NYSE:CVX) at the end of Q2 2022, compared to 53 funds in the last quarter. Warren Buffett’s Berkshire Hathaway is the biggest position holder in the company, with a stake worth $23.3 billion. 

Diamond Hill Capital mentioned Chevron Corporation (NYSE:CVX) in its Q1 2022 investor letter. Here is what the firm has to say:

“Other top contributors in Q1 included multinational energy company Chevron Corp. (NYSE:CVX). The company benefited from increased energy demand as COVID-related economic restrictions eased in tandem with concerns regarding supply interruptions related to Russia’s invasion of Ukraine.”