What’s Going On With These Energy Stocks?

On the other hand, the funds that we track amassed only 4.50% of Denbury Resources Inc. (NYSE:DNR) as 17 funds reported stakes with a total value of $102.57 million, down from 24 funds with positions worth $146.88 million disclosed as of the end of the first quarter. Currently, around 13.18% of the float is short. Among the funds from our database, Ron Gutfleish‘s Elm Ridge Capital owns 4.88 million shares of Denbury Resources.

Hedge funds are bullish on Whiting Petroleum Corp (NYSE:WLL) as the total value of their holdings increased during the second quarter and represented nearly 32% of the company at the end of June.  Although the number of funds decreased to 53 from 61 during the quarter, the total value of their holdings appreciated to $2.17 billion from $1.97 billion. Currently, around 11.5% of the float is short. The largest shareholder of Whiting Petroleum among the funds from our database is John Paulson‘s Paulson & Co., which owns 12.42 million shares, while Andreas Halvorsen’s Viking Global owns 8.65 million shares.

Disclosure: None