Hedge Funds Love Exxon Mobil, Schlumberger, and More Energy Stocks

Page 1 of 2

We have put together our database of 13F filings from hundreds of hedge funds and other notable investors following the remaining filings being made public earlier this month. This wave of 13Fs disclose long equity positions as of the end of December 2012. Even with the delay, we’ve developed investing strategies based on 13F activity which can be profitable; for example, the most popular small cap stocks among hedge funds tend to produce an excess return of 18 percentage points per year (learn more about our small cap strategy). We also like to look at which stocks hedge funds like in different sectors. Here are the ten most popular energy stocks:

CITADEL INVESTMENT GROUP

The energy stock that the largest number of filers in our database reported owning was Anadarko Petroleum Corporation (NYSE:APC), a $42 billion market cap oil, gas, and natural gas liquids company.  62 hedge funds reported a position in Anadarko. One of these was billionaire Ken Griffin’s Citadel Investment Group, which increased its holdings by 56% between October and December to a total of 3.5 million shares (see Griffin’s stock picks). Anadarko trades at 16 times consensus earnings for next year.

Schlumberger Limited. (NYSE:SLB), an oilfield services company, had 55 hedge funds report a position- about even with the number who did for the third quarter of 2012. Fisher Asset Management, managed by billionaire Ken Fisher, had 7.8 million shares of Schlumberger in its portfolio (find Fisher’s favorite stocks). While Schlumberger’s revenue was up moderately last quarter compared to the same period in 2011, earnings were down.

54 hedge funds and other notable investors owned supermajor Exxon Mobil Corporation (NYSE:XOM), down from 59 at the end of September. Exxon Mobil- which at one point briefly overtook Apple to become the largest publicly traded U.S. company by market cap- is one of the top picks in the Bill and Melinda Gates Foundation Trust’s portfolio. Research more stocks that the foundation’s money is invested in.

Acquisition target Nexen Inc. (NYSE:NXY) was owned by 52 filers in our database, with others which we had previously recorded selling as the gap between the transaction price and the market price narrowed during the quarter as the proposed deal overcame Canadian regulatory hurdles. Learn more about merger arbitrage strategies.

We tracked 50 hedge funds who owned shares of Schlumberger’s smaller peer, Halliburton Company (NYSE:HAL); Halliburton had actually been slightly more popular in our analysis for the third quarter, but was sold more frequently over the next three months. Billionaire Leon Cooperman’s Omega Advisors closed 2012 with 3.8 million shares in its portfolio (check out more stocks Cooperman liked).

See five more energy stocks that were popular among hedge funds:

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!