Stevens Capital’s Top New Stock Picks Include Celgene Corporation (CELG), Chipotle Mexican Grill, Inc. (CMG)

Stevens Capital’s third largest new investment is in Chipotle Mexican Grill, Inc. (NYSE:CMG) in which disclosed a new position consisting of 43,041 shares with a value of $28.00 million. Chipotle released its latest earnings results on April 21 with revenue coming in at $1.09 billion, a gain of 20.4%  in comparison to the first quarter of 2014, while net profit stood at $122.6 million. Chipotle also continued its solid growth during the quarter, opening 49 new restaurants to bring its total restaurant count to 1,831. The largest investors in Chipotle Mexican Grill, Inc. (NYSE:CMG) among those in our database are billionaire Ken Griffin‘s Citadel Investment Group and the quant fund Renaissance Technologies.

The final new stock pick of Stevens Capital which we’ll look at today is Occidental Petroleum Corporation (NYSE:OXY). Stevens Capital Management owns a new 377,181 share holding in the gas and oil production and exploration company, with the position having a value of $27.53 million. Occidental’s first quarter  results show us that year-over-year production grew 13%. Core profit for the first quarter of 2015 was $31 million, while domestic core net results were a loss of $89 million. The latter compared to a profit of $412 million in the first quarter of 2014. The first quarter 2015 domestic results were greatly influenced by lower commodity prices for all oil products, especially crude oil. Annualized dividends were increased to $3.00 from $2.88, a yield of 3.89%. Apart from Stevens Capital Management, shares of Occidental Petroleum were also held by such hedge funds as Soroban Capital Partners, First Pacific Advisors and Levin Capital Strategies.

Disclosure: None