5 Jim Cramer Stocks to Watch in August

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

Number of Hedge Fund Holders: 62

Cheniere Energy, Inc. (NYSE:LNG) is a Texas-based energy infrastructure company that specializes in liquefied natural gas businesses in the United States. Jim Cramer was extremely bullish on Cheniere Energy, Inc. (NYSE:LNG) recently. On July 26, in response to a viewer’s question about the stock on the Mad Money Lightning Round, he said “Buy, buy, buy it”. 

On July 26, Cheniere Energy, Inc. (NYSE:LNG) declared a quarterly dividend of $0.33 per share, in line with previous. The dividend is payable on August 16, to shareholders of record on August 9. The company also announced a long-term deal to supply liquefied natural gas from the Corpus Christi Liquefaction project to the Thailand-based energy company PTT, where the latter plans to buy 1 million metric tons per year of LNG for 20 years from Cheniere Energy, Inc. (NYSE:LNG) beginning in 2026 through a combination of free-on-board and delivered ex-ship deliveries.

According to Insider Monkey’s data, Cheniere Energy, Inc. (NYSE:LNG) was part of 62 hedge fund portfolios at the end of March 2022, up from 52 funds in the last quarter. Carl Icahn’s Icahn Capital LP is the biggest shareholder of the company, with a position worth $1.3 billion. 

Here is what ClearBridge Global Infrastructure Value Strategy has to say about Cheniere Energy, Inc. (NYSE:LNG) in its Q3 2021 investor letter:

“Cheniere Energy 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.”