5 Best Stocks to Buy According to Billionaire Paul Tudor Jones

3. Phillips 66 (NYSE:PSX)

Tudor Investment’s Q1 2023 Investment: $34.59 million

Phillips 66 (NYSE:PSX) is an oil and gas midstream firm that operates oil transportation and storage products. It also has a chemicals production department and the firm also operates oil refineries. It was set up in 1875 and is headquartered in Houston Texas.

As of last year’s fourth quarter, 36 of the 943 hedge funds part of Insider Monkey’s database had invested in the oil and chemicals company. During this year’s first quarter, Phillips 66 (NYSE:PSX)’s largest shareholder was Jim Simons’ Renaissance Technologies since it owned 1.1 million shares that are worth $113 million.

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