5 Most Profitable Natural Gas Stocks

2. Shell plc (NYSE:SHEL)

Number of Hedge Fund Holders: 49

Latest TTM Net Income: $29.3 billion

Shell plc (NYSE:SHEL) is a global energy giant renowned for its significant presence in the liquefied natural gas market. Its integrated gas division, prominently featuring LNG operations, has been the primary contributor to the company’s profits in four out of the last five years. This segment accounted for slightly over half of the company’s $14.7 billion in earnings during the first half of 2023. The company is actively working to further diversify its LNG export portfolio, having applied for a U.S. government license that would permit LNG exports to countries not covered by free trade agreements with the U.S.

During this year’s September quarter, 49 hedge funds out of the 910 that were polled by Insider Monkey had invested in Shell plc (NYSE:SHEL). The company’s biggest hedge fund shareholder is Ken Fisher’s Fisher Asset Management through a $1.44 billion stake that comes courtesy of 22.39 million shares.