5 Best Oil Stocks To Buy According To Hedge Funds

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

Number of Hedge Fund Holders: 65  

Cheniere Energy, Inc. (NYSE:LNG) is an energy infrastructure company primarily engaged in the liquefied natural gas (LNG) related businesses in the United States. It is one of the top energy stocks to invest in. On August 4, the firm posted earnings for the second quarter of 2022, reporting earnings per share of $2.90, missing analyst expectations by $0.50. The revenue over the period was $8 billion, up over 164% compared to the revenue over the same period last year and beating estimates by $1.5 billion. 

On September 19, Stifel analyst Benjamin Nolan maintained a Buy rating on Cheniere Energy, Inc. (NYSE:LNG) stock and raised the price target to $201 from $159, appreciating the second quarter earnings of the firm and raised guidance numbers. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Icahn Capital LP is a leading shareholder in Cheniere Energy, Inc. (NYSE:LNG), with 5.6 million shares worth more than $746 million. 

In its Q3 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Cheniere Energy, Inc. (NYSE:LNG) was one of them. Here is what the fund said:

“Cheniere Energy, Inc. (NYSE:LNG) 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.”