5 LNG Shipping Stocks to Buy Now

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

Number of Hedge Fund Holders: 52      

Cheniere Energy, Inc. (NYSE:LNG) operates as an energy infrastructure firm. The stock has benefited from a recent surge in gas prices as a cold weather forecast in the United States and threats of a complete halt to natural gas shipments from Russia to Europe take their toll on the markets. On March 28, Anatol Feygin, the chief commercial officer at the firm, told news platform Bloomberg that the firm was trying to bring new facilities online quickly to serve the energy needs of European nations. 

On March 14, Barclays analyst Marc Solecitto kept an Overweight rating on Cheniere Energy, Inc. (NYSE:LNG) stock and raised the price target of $160 from $131, highlighting that the sentiment around the sector had improved given the “robust liquefied natural gas macro backdrop, growth outlook, and capital allocation”. 

At the end of the fourth quarter of 2021, 52 hedge funds in the database of Insider Monkey held stakes worth $3.3 billion in Cheniere Energy, Inc. (NYSE:LNG), up from 49 in the previous quarter worth $3.1 billion.

In its Q3 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Cheniere Energy, Inc. (NYSE:LNG) was one of them. Here is what the fund said:

“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.”