3 Best Oil and Gas Stocks to Buy According to Billionaire Carl Icahn

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

Carl Ichan’s Stake Value: $1,579,188,000

Percentage of Carl Ichan’s 13F Portfolio: 7.01%

Number of Hedge Fund Holders: 49

Cheniere Energy, Inc. (NYSE:LNG) accounts for 7.01% of Carl Icahn’s Q3 investments, with the billionaire holding over 16 million shares in the company, worth $1.57 billion. Cheniere Energy, Inc. (NYSE:LNG) is a company from Texas, specializing in liquified natural gas and the energy sector. Cheniere Energy, Inc. (NYSE:LNG) is also the first American company to export LNG in 2016. 

Cheniere Energy, Inc. (NYSE:LNG), on November 4, posted its Q3 results. EPS in the period equaled -$4.23, missing estimates by -$5.50. The revenue came in at $3.20 billion, up 119.18% year-over-year, yet missing estimates by $547.43 million. 

On November 17, Mizuho analyst Robert Mosca initiated coverage of Cheniere Energy, Inc. (NYSE:LNG) with a Buy rating and a $122 price target. The analyst believes that Cheniere Energy, Inc. (NYSE:LNG) is positioned to  take further advantage of lucrative marketing opportunities before the gas backdrop normalizes. 

Kensico Capital is one of the biggest Cheniere Energy, Inc. (NYSE:LNG) stakeholders from the 49 hedge funds that were bullish on the stock in Q3 2021, holding 3.49 million shares worth $341.1 million. 

Here is what Horizon Kinetics has to say about Cheniere Energy, Inc. (NYSE:LNG) in its Q3 2021 investor letter:

“Cheniere Energy, from this list, shows our time frame approach in action. The share price is up very substantially from when we initially bought it 2 ½ years ago, and it reaches new all-time highs almost monthly. The stock dropped by 50% early last year, and the entire return occurred this year. You might think, ‘Ok, 3 years, excellent performance, that’s it.’ That’s not why we bought it. We bought a certain business model, a value development pattern on a massive dormant asset, and a valuation discount.

We bought Cheniere because it was exceedingly cheap as it transitioned from a development stage operating company stage, having just turned profitable a year after completing its basic plant construction and selling its first shipload of liquified natural gas (LNG): 2017 loss of $(390) million vs. 2018 earnings of $470 million…” (Click here to see the full text)

You can also take a look at 10 Best Cheap Technology Stocks To Invest In and 11 Best Aggressive Stocks To Buy Now. 

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