In this piece, we will take a look at the 5 largest manganese mining companies and best manganese stocks to buy. If you want to take a deeper look at why the largest manganese mining companies are important stocks to buy now, head over to 14 Largest Manganese Mining Companies and Best Manganese Stocks To Buy.
5. DuPont de Nemours, Inc. (NYSE:DD)
Number of Hedge Fund Holders: 39
Market Capitalization: $34.6 Billion
Founded in 2015 and headquartered in Delaware, DuPont de Nemours, Inc. (NYSE:DD) ranks 5th in our list of largest manganese mining companies and best manganese stocks to buy now. DuPont de Nemours, Inc. (NYSE:DD) operates globally but has extensive operations in the United States and Africa. The firm does its operations through its Electronics & Industrial, Water & Protection, and Corporate & Other segments. For full-year 2023, the company expects net sales between $12.45 billion and $12.55 billion.
Insider Monkey took a look at 910 hedge fund portfolios for their second quarter of 2023 investments and found out that 39 had held a stake in DuPont de Nemours, Inc. (NYSE:DD). Out of these, Third Point was the largest shareholder which owned 4.6 million shares of DuPont de Nemours, Inc. (NYSE:DD) that were worth about $328.6 million.
4. EOG Resources, Inc. (NYSE:EOG)
Number of Hedge Fund Holders: 43
Market Capitalization: $74.1 Billion
With a market capitalization of more than $70 billion, EOG Resources, Inc. (NYSE:EOG) is one of the biggest mining and manganese production companies in the world. Ranked 4th in our list of largest manganese mining companies and best manganese stocks to buy now according to hedge funds, EOG Resources, Inc. (NYSE:EOG) is headquartered in Texas and was incorporated in 1985. The firm explores and develops crude oil, natural gas, natural gas liquids, and manganese. With free cash flows of more than $1 billion at the end of Q2, it also posted an adjusted net income of $2.49 per share.
Insider Monkey took a look at 910 hedge fund portfolios for Q2 2023 investments and found out that 43 owned a stake in EOG Resources, Inc. (NYSE:EOG). Out of these, Harris Associates was the largest shareholder which owned 8.6 million shares of EOG Resources, Inc. (NYSE:EOG) that are valued at $986.9 million as of June 30.
3. Vulcan Materials Company (NYSE:VMC)
Number of Hedge Fund Holders: 49
Market Capitalization: $27.9 Billion
Alabama-based Vulcan Materials Company (NYSE:VMC) is one of the largest construction companies in the United States. Founded more than a century earlier, the firm operates actively in North America. The company has paid out $271 million to shareholders through dividends and share repurchases as of Q2. Vulcan Materials Company (NYSE:VMC) reported a Q2 EPS of $2.29, up from the analysts’ expectation of $1.91.
At the end of June 30, the Insider Monkey database showed that Vulcan Materials Company (NYSE:VMC) had 49 hedge fund investors out of 910 profiled. Out of these, Stockbridge Partners was the largest shareholder which had 2 million shares of Vulcan Materials Company (NYSE:VMC) that were valued at $461.9 million.
2. Freeport-McMoRan Inc. (NYSE:FCX)
Number of Hedge Fund Holders: 66
Market Capitalization: $52.8 Billion
With a market capitalization of over $50 billion, Freeport-McMoRan Inc. (NYSE:FCX) is a miner of mineral properties across North America, Latin America, and Indonesia. Freeport-McMoRan Inc. (NYSE:FCX) explores copper, gold and other elements including manganese. The company was founded in 1987 and is headquartered in Arizona. Freeport-McMoRan Inc. (NYSE:FCX) posted a higher Q2 revenue of $5.74 billion from a year earlier and better-than-expected earnings of $0.35 per share.
At the end of Q2, Freeport-McMoRan Inc. (NYSE:FCX) had 66 hedge fund investors. The largest stockholder was Diamond Hill Capital which owned 9.6 million shares of the firm that are valued at $383.4 million.
1. The Sherwin-Williams Company (NYSE:SHW)
Number of Hedge Fund Holders: 78
Market Capitalization: $64.8 Billion
Ohio-based The Sherwin-Williams Company (NYSE:SHW) tops our list of the largest manganese mining companies and best manganese stocks to buy now. Founded in 1866 and with a market capitalization of whopping $64.8 billion, The Sherwin-Williams Company (NYSE:SHW) operates mainly in the petrochemicals, electric power, infrastructure and mining & metals sector. The Ohio-based firm posted an EPS of $3.29 in Q2, that beat analysts’ expectation of $2.69.
Insider Monkey database took a look at 910 hedge fund portfolios for their second quarter 2023 investments and found out that 78 hedge fund investors had invested in The Sherwin-Williams Company (NYSE:SHW). Viking Global was the largest shareholder which owned 2.3 million shares of The Sherwin-Williams Company (NYSE:SHW) for about $604 million.
Disclosure: None. You can also take a look at 12 Best Booming Stocks to Buy Now According to Hedge Funds and 12 Best Artificial Intelligence (AI) Stocks To Buy According to Hedge Funds.
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