In this article, we discuss the 5 stocks that Jim Cramer and hedge funds agree on. If you want to read about some more stocks that Jim Cramer and hedge funds agree on, go directly to Jim Cramer and Hedge Funds Agree on These 10 Stocks.
5. BioNTech SE (NASDAQ:BNTX)
Number of Hedge Fund Holders in Q1 2022: 29
Number of Hedge Fund Holders in Q4 2021: 27
BioNTech SE (NASDAQ:BNTX) is a biotech firm based in Germany. During the Lightning Round segment of his show on May 18, Cramer, while answering an audience question about his thoughts on the biotech company, said that he “liked BioNTech”. Cramer noted that he thinks that one day the Chinese government might go for a vaccine from Germany instead of the United States and that is why he was bullish on the firm.
On April 12, HC Wainwright analyst Robert Burns maintained a Buy rating on BioNTech SE (NASDAQ:BNTX) stock and lowered the price target to $298 from $339, citing “guidance and a pulling forward in his discounted cash flow-based valuation” for the updated target.
At the end of the first quarter of 2022, 29 hedge funds in the database of Insider Monkey held stakes worth $409 million in BioNTech SE (NASDAQ:BNTX), up from 27 the preceding quarter worth $644 million.
In its Q3 2021 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and BioNTech SE (NASDAQ:BNTX) was one of them. Here is what the fund said:
“BioNTech SE (NASDAQ:BNTX) is a leader in the emerging field of mRNA drugs, with additional programs in engineered cell therapies, antibodies, and immunomodulators. Shares performed well for the quarter. The COVID-19 vaccine rollout continues with the addition of a booster shot, and we believe the pandemic has been a strong proof point of the speed and efficacy of the mRNA platform. Beyond vaccines, we think BioNTech SE (NASDAQ:BNTX) has potential to disrupt the biopharmaceutical space with a pipeline spanning oncology, infectious diseases, and rare diseases.”
4. Marathon Oil Corporation (NYSE:MRO)
Number of Hedge Fund Holders in Q1 2022: 43
Number of Hedge Fund Holders in Q4 2021: 40
Marathon Oil Corporation (NYSE:MRO) is an independent oil and gas exploration and production firm. On May 18, in response to a question about his thoughts on the company by a viewer during the Lightning Round of his show, Cramer gave the stock a Buy recommendation as part of a larger nod towards oil and gas stocks in light of soaring prices and tight demand.
On April 21, Truist analyst Neal Dingmann maintained a Buy rating on Marathon Oil Corporation (NYSE:MRO) stock and raised the price target to $41 from $34, noting that oil firms were focusing on efficiencies and costs to take advantage of continued strong commodity prices.
Among the hedge funds being tracked by Insider Monkey, New York-based investment firm DE Shaw is a leading shareholder in Marathon Oil Corporation (NYSE:MRO), with 4.5 million shares worth more than $113 million.
3. Valero Energy Corporation (NYSE:VLO)
Number of Hedge Fund Holders in Q1 2022: 47
Number of Hedge Fund Holders in Q4 2021: 35
Valero Energy Corporation (NYSE:VLO) markets transportation fuels and petrochemical products. According to the Mad Money Stock Screener, the journalist investor gave the stock a Buy recommendation during the Lightning Round segment of his show on May 18. During the course of the show, in which he also fielded questions from viewers, Cramer was bullish on the energy industry in general.
On May 23, Piper Sandler analyst Ryan Todd maintained an Overweight rating on Valero Energy Corporation (NYSE:VLO) stock and raised the price target to $135 from $121, noting that there were “more legs to the refining investment case than the market believes”.
Among the hedge funds being tracked by Insider Monkey, New York-based firm Renaissance Technologies is a leading shareholder in Valero Energy Corporation (NYSE:VLO), with 1.3 million shares worth more than $139 million.
2. Vertex Energy, Inc. (NASDAQ:VTNR)
Number of Hedge Fund Holders in Q1 2022: 21
Number of Hedge Fund Holders in Q4 2021: 18
Vertex Energy, Inc. (NASDAQ:VTNR) is an environmental services firm. Cramer gave the stock a Buy recommendation during the Lightning Round segment of his show on May 18. In response to a question about his views on the company, Cramer said that he believed that the stock was poised to “go higher” in the coming months.
Vertex Energy, Inc. (NASDAQ:VTNR) posted earnings for the first quarter of 2022 on May 10, reporting a revenue of more than $40 million, up more than 60% compared to the revenue over the same period last year. The adjusted net income during the time was $7.3 million.
At the end of the first quarter of 2022, 21 hedge funds in the database of Insider Monkey held stakes worth $84 million in Vertex Energy, Inc. (NASDAQ:VTNR), up from 18 in the preceding quarter worth $39 million.
1. Wingstop Inc. (NASDAQ:WING)
Number of Hedge Fund Holders in Q1 2022: 21
Number of Hedge Fund Holders in Q4 2021: 18
Wingstop Inc. (NASDAQ:WING) owns and runs restaurants under the Wingstop brand name. On May 18, Jim Cramer gave the stock a Buy recommendation during the Guest Interview segment of his show, discussing with the CEO of the company, Michael Skipworth, how the chicken prices had “deflated” for the firm in the past few months as inflation soared, putting the firm in a prime position to improve margins. Skipworth believed the firm has been able to weather the impact of market volatility better than peers, consequently driving the competition out.
On May 24, investment advisory Deutsche Bank maintained a Buy rating on Wingstop Inc. (NASDAQ:WING) stock and lowered the price target to $83 from $100. Analyst Brian Mullan issued the ratings update.
Among the hedge funds being tracked by Insider Monkey, London-based investment firm Fundsmith LLP is a leading shareholder in Wingstop Inc. (NASDAQ:WING), with 832,538 shares worth more than $97 million.
You can also take a peek at 12 Best Environmental Stocks to Invest In and 10 Best Nickel Stocks to Buy Now.
