Top 5 Oil and Gas Stocks To Invest In According to Hedge Funds

In this article, we discuss the top 5 oil and gas stocks to invest in according to hedge funds. To read the analysis and recent events in the oil and gas industry, go directly to the Top 10 Oil and Gas Stocks To Invest In According to Hedge Funds.

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

Number of Hedge Fund Holders: 64

Cheniere Energy, Inc. (NYSE:LNG) started as an oil and gas company but later on, the company changed its focus toward liquified natural gas. It was the first US company to export liquified natural gas when Cheniere Energy, Inc. (NYSE:LNG)’s Sabine Pass terminal started to operate in 2016.

In 2022, Cheniere Energy, Inc. (NYSE:LNG) experienced some solid revenue and income growth with revenue more than doubling year-over-year to $33.43 billion. The company’s earnings per share for the year were $5.64, compared loss per share of $9.25 in the previous year.

Cheniere Energy, Inc. (NYSE:LNG) was held by 64 hedge funds in the fourth quarter of 2022. In the same quarter, D E Shaw increased its holdings in the company by 11% to 907,792 shares worth $136.13 million and was the largest stakeholder in the company.

TimesSquare Capital Management 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.”