5 LNG Stocks to Buy Amid Russia-West Energy Wars

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1. Occidental Petroleum Corporation (NYSE:OXY)

Number of Hedge Fund Holders: 66

Occidental Petroleum Corporation (NYSE:OXY) is a Texas-based company engaged in the development of oil and gas properties. The company produces oil, condensate, natural gas liquids, and natural gas. On July 27, Occidental Petroleum Corporation (NYSE:OXY) declared a quarterly dividend of $0.13 per share, in line with previous. The dividend is payable on October 17, to shareholders of the company as of September 12. It is one of the top LNG stocks to buy amid Russia-West energy wars.

Piper Sandler on September 12 maintained an Overweight rating on Occidental Petroleum Corporation (NYSE:OXY) and lowered the price target on the shares to $92 from $93. Analyst Ryan Todd issued the ratings update.

Among the hedge funds tracked by Insider Monkey, 66 funds were long Occidental Petroleum Corporation (NYSE:OXY) at the end of Q2 2022, compared to 67 funds in the prior quarter. Warren Buffett’s Berkshire Hathaway owns about 20% of the company stock and is the leading position holder in Occidental Petroleum Corporation (NYSE:OXY). 

Here’s how Smead Capital Management mentioned Occidental Petroleum Corporation (NYSE:OXY)  in its Q2 2022 investor letter:

“For the quarter, our best-performing stocks were Continental Resources (CLR), Merck (MRK) and Occidental Petroleum Corporation (NYSE:OXY). Despite a steep sell-off in June in the oil and gas stocks, two of our oil stocks made the quarterly list.

If you are wondering how we are outperforming the S&P 500 Index in the first half of the year, look no further than our top three performers. Occidental Petroleum (OXY), Continental Resources (CLR) and ConocoPhillips (COP) soared in value and were barely represented in the S&P 500 Index. To quote Jerry Jones, owner of the Dallas Cowboys, “We are in the first quarter on higher energy prices!””

You can also take a look at Best Robotics Stocks To Invest In and 10 Best Media Stocks To Buy.

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