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

Occidental Petroleum Corporation (NYSE:OXY) was another popular energy stock among hedge funds, with a small number of sales bringing it to 49 filers. One fund which was adding shares was Renaissance Technologies, founded by billionaire Jim Simons; Renaissance nearly doubled its stake to a total of 2.1 million shares (find more stocks Renaissance was buying).

47 hedge funds and other notable investors owned Valero Energy Corporation (NYSE:VLO), the same number that did at the beginning of October. AQR Capital Management was buying the stock in Q4 2012 and reported owning 1.1 million shares in the 13f filing; AQR is managed by Cliff Asness (check out Asness’s stock picks).

Our database showed that National-Oilwell Varco, Inc. (NYSE:NOV), an equipment and services company which includes drilling rigs among its offerings, was owned by 43 filers that we track. One of these was Berkshire Hathaway; Warren Buffet’s holding company reported a position of 5.3 million shares (research Buffett’s favorite stocks).

50 hedge funds had owned shares of BP plc (NYSE:BP) at the end of the third quarter, but that figure had fallen to 42 by the beginning of 2013. Seth Klarman’s Baupost Group sold a small number of shares ; BP was still that hedge fund’s top stock pick (see more of Klarman’s largest holdings).

Joining BP at the bottom of the top ten list, with 42 13F filers in our database reporting a position, was fellow supermajor Chevron Corporation (NYSE:CVX). D.E. Shaw- named after its founder, billionaire David Shaw- was one fund with a large position in Chevron.

Disclosure: I own no shares of any stocks mentioned in this article.

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 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

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!