In this article, we discuss 5 best natural gas stocks to buy now. If you want to read through our detailed analysis of the best natural gas companies, go directly to 11 Best Natural Gas Stocks to Buy Now.
5. EQT Corporation (NYSE: EQT)
No of HFs: 43
Total Value of HF Holdings: $355 Million
One of the leading independent natural gas producers, EQT Corporation ranks 5th in our list of 11 best natural gas to buy now. One of the company’s clean energy moves is piloting responsible sourcing of natural gas (RSG). Earlier this year, they partnered with Project Canary with an aim to globalize RSG. As of March 2, EQT offers a dividend yield of 0.65%.
There were 43 hedge funds in our database that held stakes in EQT Corporation, compared to 39 funds in the third quarter. Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital is the biggest stakeholder in the company, which had 4.09 million shares, worth $52 million.
4. Devon Energy Corporation (NYSE: DVN)
No of HFs: 45
Total Value of HF Holdings: $709 Million
Devon Energy Corporation is primarily engaged in the exploration of oil and gas. In December 2020, the company declared a cash dividend of $0.11 per share on DVN’s common stock for the first quarter of 2021. Shares of DVN jumped 38.25% over the last twelve months.
As of the end of the fourth quarter, 45 hedge funds in Insider Monkey’s database of 887 funds held stakes in Devon Energy Corporation, compared to 44 in the third quarter. Ken Griffin’s Citadel Investment Group is the biggest stakeholder in the company, with 5.7 million shares, worth $90 million invested in the stock at the end of December. An insider purchased 10,000 shares at $9 in March 2020. The stock is up 144% since then.
3. EOG Resources, Inc. (NYSE: EOG)
No of HFs: 45
Total Value of HF Holdings: $750 Million
The Texas-based developer and producer of natural gas and crude oil EOG Resources, Inc. was founded in 1999 by founder Mark G. Papa. The stock is up 36% year to date and ranks 3rd on our list of the best natural gas stocks to buy now . During the fourth quarter of 2020, the company generated $1.6 billion free cash flow, and an adjusted net income of $850 million. Shares of EOG soared 34.82% over the last 3 months. EOG currently offers a dividend yield of 2.56%.
As the fourth quarter ended, 45 hedge funds in Insider Monkey’s database of 887 funds held stakes in EOG Resources, Inc., compared to 36 funds a quarter earlier. Natixis Global Asset Management’s Harris Associated is the biggest stakeholder of the stock with 9.5 million shares, worth $475 million at the end of the fourth quarter.
2. ConocoPhilips (NYSE: COP)
No of HFs: 49
Total Value of HF Holdings: $687 Million
Ranking 2nd in our list of 11 best natural gas stocks to buy now is ConocoPhilips. The company focuses on the exploration of hydrocarbons and other energy resources. They are strategically based in the Energy Corridor district of Houston, Texas. During the fourth quarter of 2020, the company reported a loss of $0.72 per share, compared to earnings of $0.65 per share in the same period last year.
There were 49 hedge funds in our database that held stakes in ConocoPhillips, compared to 45 funds in the third quarter. Ken Fisher’s Fisher Asset Management is the biggest stakeholder in the company, which had 5.11 million shares, worth $204 million. An insider purchased 2,400 shares at $41 in May 2020. The stock is up 70% since then.
1. Occidental Petroleum Corporation (NYSE: OXY)
No of HFs: 49
Total Value of HF Holdings: $2.15 Billion
Occidental Petroleum Corporation tops our list of 11 best natural gas stocks to buy now. The company was founded in 1920 by Arman Hammer. OXY together with its subsidiaries engages in the acquisition and exploration of oil and gas properties in the United States, Middle East, and Latin America. In the Q4 of 2020, OXY reported a loss of $1.41 per share.
There were 49 hedge funds in our database that held stakes in Occidental Petroleum Corporation, compared to 43 funds in the third quarter. Carl Icahn’s Icahn Capital LP is the biggest stakeholder in the company, which had 88 million shares, worth $1.53 billion.
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You can also take a peek at Billionaire Julian Robertson’s Top 10 Stocks and Billionaire Stan Druckenmiller’s Top 10 Stock Picks.
