A Look At Financial Advisors’ Most-Searched Stocks Shows More Focus on Energy

Oil has also been in the spotlight as the sector is delving deeper into a glut amid the U.S lifting sanctions on Iran, leading to both Brent and WTI prices sliding below the $30 level. As stated earlier, 13 energy stocks ranked among the most-searched last week, versus just one a week earlier. One reason for that could be that financial advisors believe that the crude prices could soon reach the bottom and are searching for companies that would benefit the most from their pending rebound.

The third most-searched stock last week was Chevron Corporation (NYSE:CVX), whose stock is down by 12% year-to-date and has lost more than a quarter of its value over the last 52 weeks. Last week, the company said that it its first cargo of liquefied natural gas (LNG) from its Gorgon Project is on track to be shipped soon. The Gorgon project cost around $54 billion and is the world’s most expensive LNG project.

The Gorgon plant in Australia is structured as a joint venture, in which Chevron Corporation (NYSE:CVX) holds 47.3%, alongside Exxon Mobil Corporation (NYSE:XOM) and Royal Dutch Shell plc (ADR) (NYSE:RDS.A), which own 25% each, and other smaller stakeholders.

Among the investors we track, Chevron Corporation (NYSE:CVX) is not very popular, with 45 funds holding shares of the company at the end of September 2015, versus 50 funds a quarter earlier. Billionaires David E. Shaw of D. E. Shaw Co. and Ken Fisher of Fisher Asset Management owned 3.86 million shares and 2.62 million shares at the end of September.