5 Most Popular Energy Stocks Among Hedge Funds: Exxon Mobil (XOM), Halliburton (HAL), More

#3 Exxon Mobil Corporation (NYSE:XOM)

As of the end of the third quarter, 60 hedge funds tracked by Insider Monkey reported owning long positions in Exxon Mobil Corporation (NYSE:XOM). These funds collectively owned $2.82 billion worth of Exxon’s stock, which accounted for 0.8% of the company’s float. The stock is up by over 11% so far this year. Lower oil prices have dented the Texas-based oil exploration giant, as Exxon’s earnings declined by 54% year-over-year in the first nine months of 2016, to $6.2 billion. Ken Fisher’s Fisher Asset Management has 6.11 million shares of Exxon in its portfolio as of September 30.

#2 Anadarko Petroleum Corporation (NYSE:APC)

Anadarko received increased attention from the smart money tracked by Insider Monkey in the third quarter, as a net total of 17 funds added shares of the energy company to their holdings, bringing the total number of bullish funds invested in the company to 65 by the end of the third quarter. These funds owned 7.90% of Anadarko Petroleum Corporation (NYSE:APC)’s float. Investment firm Goldman Sachs recently added Anadarko Petroleum Corporation (NYSE:APC) to its Hedge Fund VIP list, mirroring what our own data tells us: that hedge funds are piling into the stock. Anadarko Petroleum recently completed the sale of its East Texas assets to Castleton Commodities International LLC for $1 billion. Andreas Halvorsen’s Viking Global reported ownership of 8.54 million shares of Anadarko Petroleum Corporation (NYSE:APC) as of the end of the third quarter.

#1 Pioneer Natural Resources (NYSE:PXD)

A total of 72 hedge funds tracked by Insider Monkey were bullish on Pioneer Natural Resources (NYSE:PXD) as of the end of the third quarter, compared to 74 funds a quarter earlier. Nonetheless, it ranked as hedge funds’ favorite energy stock for the second-straight quarter. Hedge funds have certainly profited from their bullish stance on the stock, as its shares are up by over 46% year-to-date. The Texas-based oil and gas exploration company earned $0.13 per share in the third quarter, missing the consensus analyst estimate of $0.16. John H. Scully’s SPO Advisory Corp owns 6.07 million shares of Pioneer as of September 30, unchanged quarter-over-quarter.

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