5 Best Gas Stocks To Buy Now

In this article, we will take a look at the 5 best gas stocks to buy now. To see more such companies, go directly to 12 Best Gas Stocks To Buy Now.

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

Number of Hedge Fund Holders: 60

Ranked 5th in our list of the best gas stocks to buy now, Cheniere Energy, Inc. (NYSE:LNG) operates in the liquefied natural gas sector in the US. It recently signed an agreement with Foran Energy Group, a China-based natural gas distribution firm. Under the agreement, Cheniere Energy, Inc. (NYSE:LNG) will sell roughly 0.9 million tonnes of liquified natural gas annually to Foran Energy Group for the next 20 years. In Q3, it posted earnings of $7.03 per share and revenue of $4.16 billion. In September this year, the gas production giant loaded its 3,000th LNG cargo. Cheniere Energy, Inc. (NYSE:LNG) also owns a 94-mile Creole Trail Pipeline which connects the Sabine Pass LNG with multiple interstate pipelines.

Insider Monkey took a look at hedge fund portfolios for Cheniere Energy, Inc. (NYSE:LNG)’s second quarter of 2023 investments and concluded that 60 had stakes in the firm. David E. Shaw’s D E Shaw was Cheniere Energy, Inc. (NYSE:LNG)’s largest stakeholder which owned 1.4 million stakes for about $217 million.