5 Energy Stocks To Buy On the OPEC Production Cuts

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In this piece, we will take a look at the five energy stocks to buy on the OPEC production cuts. For a primer on the production cut, the current state of the industry, and more stocks, head on over to 10 Energy Stocks To Buy On the OPEC Production Cuts.

5. South Jersey Industries, Inc. (NYSE:SJI)

Number of Hedge Fund Holders: 33

South Jersey Industries, Inc. (NYSE:SJI) is an energy company that buys and sells natural gas and provides electricity and natural gas storage and transmission facilities. The firm is headquartered in Folsom, New Jersey, the United States.

South Jersey Industries, Inc. (NYSE:SJI)’s operating revenue grew by 64% during its second fiscal quarter, as its nonutility revenue jumped by more than 100% during the quarter. The main attraction for the firm right now is the fact that it is set to be taken private for a $36 share price by the end of this year. This provides for a nice premium over the current share price of $34.39, and the firm still stands to gain at least $2 per share of termination fees should unforeseen regulatory headwinds cull progress out of the blue.

South Jersey Industries, Inc. (NYSE:SJI) also pays a 31 cent dividend for a 3.6% yield. Insider Monkey’s Q2 2022 survey of 895 hedge funds revealed that 33 had invested in the firm.

South Jersey Industries, Inc. (NYSE:SJI)’s largest investor in our database is Ric Dillon’s Diamond Hill Capital which owns 2.3 million shares that are worth $80 million.

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