Top 5 Oil and Gas Stocks To Buy

In this article, we will take a look at the top 5 oil and gas stocks to buy. To see more such companies, go directly to Top 10 Oil and Gas Stocks To Buy.

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

Number of Hedge Fund Holders: 60

Out of the 910 hedge funds in Insider Monkey’s database, 60 hedge funds had stakes in Cheniere Energy, Inc. (NYSE:LNG). The biggest hedge fund stakeholder of Cheniere Energy, Inc. (NYSE:LNG) was D E Shaw which owns a $217 million stake in the company. In August Cheniere Energy, Inc. (NYSE:LNG) posted second quarter results. GAAP EPS in the quarter came in at $5.61, beating estimates by $2.88. Revenue fell 48.8% YoY to $4.1 billion, missing estimates by $290 million. Cheniere Energy, Inc. (NYSE:LNG) raised its 2023 Consolidated Adjusted EBITDA2 guidance to $8.3 billion – $8.8 billion.

TimesSquare U.S. Mid Cap Growth Strategy made the following comment about Cheniere Energy, Inc. (NYSE:LNG) in its Q4 2022 investor letter:

“Within Energy, Cheniere Energy, Inc. (NYSE:LNG) is an energy infrastructure company that operates liquefied natural gas (LNG) terminals in Louisiana and Texas. Despite reporting inline for the latest quarter, its stock traded down -9%. Contributing factors were Europe had filled its storage ahead of the winter and a recent dip in natural gas pricing. The market for LNG is likely to remain tight for the next several years. Notably, Cheniere paid down $1.3 billion of long-term debt and repurchased $75 million of common stock during the quarter. Cheniere is well positioned to benefit from ongoing tightness in global gas markets.”