In this article, we will be taking a look at the top 3 long-term stocks to buy according to billionaire Carl Icahn. To read our detailed analysis of these stocks and Icahn’s investment insights, you can go directly to see the Top 6 Long-Term Stocks to Buy According to Billionaire Carl Icahn.
3. Cheniere Energy, Inc. (NYSE:LNG)
Icahn Capital LP’s Stake Value: $746,513,000
Percentage of Icahn Capital LP’s 13F Portfolio: 3.57%
Number of Hedge Fund Holders: 65
Cheniere Energy, Inc. (NYSE:LNG) is an energy infrastructure company. It primarily operates in the US and focuses on the liquefied natural gas-related business.
Marc Solecitto, an analyst at Barclays, holds an Overweight rating on Cheniere Energy, Inc. (NYSE:LNG) shares as of August 16. The analyst also raised his price target on the stock from $160 to $186.
This August, Cheniere Energy, Inc. (NYSE:LNG) raised its outlook for the second half of 2022 after receiving a one-time payment of $765 million from Chevron. The company now sees 2022 EBITDA of $9.8 billion to $10.3 billion, compared to the previous figures of $8.2 billion to $8.7 billion. The outlook is also above the $8.85 billion consensus EBITDA estimate. Cheniere Energy, Inc. (NYSE:LNG) has also raised its distributable cash flow outlook to $6.9 billion to $7.4 billion, compared to $5.5 billion to $6 billion previously.
Cheniere Energy, Inc. (NYSE:LNG) was found in the 13F holdings of 65 hedge funds in the second quarter. Their total stake value was $2.4 billion.
2. CVR Energy, Inc. (NYSE:CVI)
Icahn Capital LP’s Stake Value: $2,385,157,000
Percentage of Icahn Capital LP’s 13F Portfolio: 11.43%
Number of Hedge Fund Holders: 22
CVR Energy, Inc. (NYSE:CVI) focuses on petroleum refining and nitrogen fertilizer manufacturing activities through its subsidiaries. The company is based in Sugar Land, Texas.
This August, CVR Energy, Inc. (NYSE:CVI) declared a quarterly dividend of $0.4 per share, alongside announcing a special dividend of $2.6 per share. The company’s year over year revenue growth stands at 77.2%.
Out of 895 hedge funds tracked in the second quarter, 22 hedge funds were long CVR Energy, Inc. (NYSE:CVI), with a total stake value of $2.5 billion. In comparison, 17 hedge funds were long the stock in the previous quarter, with a total stake value of $1.9 billion.
1. Icahn Enterprises LP (NASDAQ:IEP)
Icahn Capital LP’s Stake Value: $13,360,695,000
Percentage of Icahn Capital LP’s 13F Portfolio: 64.05%
Number of Hedge Fund Holders: 2
Icahn Enterprises LP (NASDAQ:IEP) is an industrials company operating in the investment, energy, automotive, food packaging, real estate, home fashion, and pharma business. The company is based in Sunny Isles Beach, Florida.
This August, Icahn Enterprises LP (NASDAQ:IEP) beat second-quarter revenue expectations with its $3.5 billion revenue, versus the consensus estimate of $2.65 billion. The company has a working capital growth rate of 217.3% year over year as well.
Two hedge funds held stakes in Icahn Enterprises LP (NASDAQ:IEP) in the second quarter. Their total stake value was $13.4 billion.
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