5 Ridiculously Cheap Stocks to Buy Now and Hold for the Long Term

3. Cheniere Energy, Inc. (NYSE:LNG)

PE Ratio as of April 12: 3.87

Revenue Growth (5-year): 31.74%

Number of Hedge Fund Holders: 64

Cheniere Energy, Inc. (NYSE:LNG) is involved in LNG-related businesses through its subsidiaries, Cheniere Marketing, LLC, Cheniere Energy Partners, L.P. (NYSE:CQP), and others. As of April 12, the stock has a PE ratio of 3.87.

Over the past five years, Cheniere Energy, Inc.’s (NYSE:LNG) revenue has grown by 31.74%. The company is the third stock on our list of ridiculously cheap stocks to buy now and hold for the long term.

In the fourth quarter of 2023, 64 hedge funds held positions in Cheniere Energy, Inc. (NYSE:LNG) and their stakes amounted to $2.10 billion. This is compared to 58 funds in the previous quarter, with positions worth $1.458 billion. As of December 31, 2023, Israel Englander’s Millennium Management is the most dominant shareholder in the company. In the quarter, the firm increased its stake by 175% to 2.338 million shares worth $399.17 million, representing 0.17% of the portfolio.

TimesSquare Capital Management stated the following regarding Cheniere Energy, Inc. (NYSE:LNG) in its fourth quarter 2023 investor letter:

“We often see the ebb and flow of the Energy sector tied to underlying commodity prices. In this area, we seek low-cost exploration & production companies with high-yielding acreage or specialized service providers. Cheniere Energy, Inc. (NYSE:LNG) operates liquefied natural gas terminals in Louisiana and Texas. Third quarter results were solid with lower than anticipated levels of expected capital expenditures, and management maintained full year guidance. Its shares edged forward by 3% on this report.”