5 Best Gas Stocks To Buy Now

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

Number of Hedge Fund Holders: 52

Cheniere Energy, Inc. (NYSE:LNG) operates LNG facilities in the U.S, including Sabine Pass, the country’s largest LNG facility. In the midst of the Russian-Ukraine conflict, President Joe Biden recently approved more LNG exports to Europe, and Cheniere Energy, Inc. (NYSE:LNG) is set to export the equivalent of 0.72 billion cubic feet per day (bcfpd) of the supercooled fuel from its Sabine Pass.

During the fourth quarter, Cheniere Energy, Inc. (NYSE:LNG) closed a long-term sale and purchase agreement with Sinochem Group Co., Ltd. Beginning in July 2022, Cheniere Energy, Inc. (NYSE:LNG) will supply the Beijing-based energy company with LNG for the next 17.5 years. 

Marc Solecitto, a Barclays analyst, underlined his optimism for the Houston-based LNG producer recently. Solecitto raised his price target for Cheniere Energy, Inc. (NYSE:LNG) to $160 from $131 on March 14, noting the company’s “strong” liquefied natural gas macro backdrop, growth forecast, and capital allocation. The analyst kept an’ Overweight’ rating on the stock. In contrast, of the 924 elite funds tracked by Insider Monkey that filed 13Fs for the Q4 period, 52 held a position in Cheniere Energy, Inc. (NYSE:LNG) in Q4 2021, up from 49 the previous quarter.

Here is what ClearBridge Investments had to say about Cheniere Energy, Inc. in its Q3 2021 investor letter:

“Cheniere Energy is an energy infrastructure company that owns and operates U.S. liquefied natural gas (LNG) export facilities. Strong quarterly results and the disclosure of capital allocation policies were positively received by the markets. In addition, continued supply and demand tightness in the LNG market created a favorable commodity price environment.”