5 Dirt Cheap Stocks To Buy According to Hedge Funds

In this article, we discuss the 5 dirt cheap stocks to buy according to hedge funds. To read the detailed analysis of the current economic conditions and forecasts, go directly to the 12 Dirt Cheap Stocks To Buy According to Hedge Funds.

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

PE Ratio as of April 3: 3.89

Number of Hedge Fund Holders: 64

Cheniere Energy, Inc. (NYSE:LNG) is an oil and gas midstream company that is engaged in the ownership and operation of two natural gas liquefaction and export facilities and LNG and natural gas marketing. The company conducts its business through its various subsidiaries, including Cheniere Marketing, LLC, Cheniere Energy Partners, L.P. (NYSE:CQP), Cheniere Corpus Christi Pipeline, L.P., and others.

Cheniere Energy, Inc. (NYSE:LNG) is one of the top dirt cheap stocks to buy according to hedge funds, as 64 hedge funds held stakes in the stock in the fourth quarter of 2023, with positions worth $2.10 billion. As of December 31, 2023, Millennium Management is the most prominent shareholder in the company. The firm has increased its stake in the company by 175% to 2.338 million shares worth $399.17 million.

As of April 3, the stock has a PE ratio of 3.89. Based on 12 Wall Street analysts’ ratings in the last three months, Cheniere Energy, Inc. (NYSE:LNG) has a consensus rating of Strong Buy. The average price target of $201.08 implies an upside of 27.03% from the current levels as of April 3.

TimesSquare Capital Management stated the following regarding Cheniere Energy, Inc. (NYSE:LNG) in its fourth quarter 2023 investor letter:

“We often see the ebb and flow of the Energy sector tied to underlying commodity prices. In this area, we seek low-cost exploration & production companies with high-yielding acreage or specialized service providers. Cheniere Energy, Inc. (NYSE:LNG) operates liquefied natural gas terminals in Louisiana and Texas. Third quarter results were solid with lower than anticipated levels of expected capital expenditures, and management maintained full year guidance. Its shares edged forward by 3% on this report.”