Elite Hedge Funds Love These 5 Energy Stocks

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

Number of Hedge Fund Holders as of Q2 2022: 65

The number of hedge funds holding Cheniere Energy, Inc. (NYSE:LNG) shares have shown an upward trend over the past four quarters. A total of 65 hedge funds are holding a stake in Cheniere Energy, Inc. (NYSE:LNG) as compared to 62 in the previous quarter. Icahn Capital LP is the largest shareholder holding 5.6 million shares worth roughly $747 million.

Over the last twelve months, Cheniere Energy, Inc. (NYSE:LNG) finances significantly improved year over year. The substantial rise in natural gas prices that we observed was the main factor in this, while the company also experienced an increase in sales volumes. According to its latest quarter’s earnings results announced on August 4, the stock has EPS GAAP Actual of $2.90, missing the estimate by $0.50; however, with a revenue figure of $8.01 billion, it has beaten the estimates by $1.59 billion. As of August 29, the stock has produced a return of 26.23% in the past six months and 63.68% year to date.

On August 16, Cheniere Energy, Inc. (NYSE:LNG) price target was increased to $186 from $160 by Barclays analyst Marc Solecitto, who also maintained an Overweight rating on the stock. Theresa Chen and Solecitto believe that there are still distinct tailwinds in their coverage of the North American midstream and refining industries, and they believe that, barring a significant economic shock, the fundamentals of the U.S. refining industry will continue to perform strongly.