5 Best Oil Stocks To Buy According To Hedge Funds

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In this piece, we will take a look at the five best oil stocks to buy according to hedge funds. For more oil stocks, head on over to 15 Best Oil Stocks To Buy According To Hedge Funds.

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

Number of Hedge Fund Holders in Q4 2022: 64

Cheniere Energy, Inc. (NYSE:LNG) is a pureplay liquefied natural gas (LNG) company headquartered in Houston, Texas. The firm has terminals in Texas and Louisiana, alongside pipeline assets.

Cheniere Energy, Inc. (NYSE:LNG) has entered into a lucrative contract with Canada’s largest natural gas producer to buy natural gas for liquefaction through a massive 3,000 mile pipeline. 64 of the 943 hedge funds polled by Insider Monkey during Q4 2022 had held a stake in the company.

Cheniere Energy, Inc. (NYSE:LNG)’s largest investor is Jim Simons’ Renaissance Technologies which owns 1.8 million shares that are worth $275 million.

Follow Cheniere Energy Inc. (NYSEMKT:LNG)


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