5 Best LNG Stocks to Buy Now

4. ConocoPhillips (NYSE:COP)

Number of Hedge Fund Holders: 49

ConocoPhillips (NYSE:COP) explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. ConocoPhillips (NYSE:COP) was founded in 1917 and is headquartered in Houston, Texas.

This October, Mizuho analyst Vincent Lovaglio raised his price target on ConocoPhillips (NYSE:COP) to $99 from $88 and reiterated a Buy rating on the shares.

ConocoPhillips (NYSE:COP) posted its third-quarter earnings this September. According to their quarterly assessment, the company reported an EPS of $1.77, beating estimates by $0.25. On top of this, the company generated revenues of $11.62 billion, up 165.21% year over year, and beat revenue estimates by $1.36 billion.

As of the third quarter of 2021, 49 hedge funds have reportedly held stakes in ConocoPhillips (NYSE:COP) worth roughly $1.37 billion. This is compared to 50 hedge funds in the second quarter of 2021, with stakes of $1.15 billion.

According to Insider Monkey’s data, as of September 30th, Ken Fisher’s Fisher Asset Management has the highest stakes in ConocoPhillips (NYSE:COP). Mr. Fisher owns 5.95 million shares in the company, worth $403.5 million.

ClearBridge Investments, an investment management firm, published its “Large Cap Value Strategy” first quarter 2021 investor letter. The firm mentioned ConocoPhillips (NYSE:COP) in their investor letter and shared their stance on the company, here’s what they had to say:

“While reducing in health care and consumer staples, we increased our exposure to high-quality names in economically sensitive areas of the market. We added to low-cost, high-quality energy names (including) ConocoPhillips. We are positive on the company’s strong balance sheets, competitive positions and exposure to an economic recovery.”