Billionaire Investors are Bullish on These 6 Oil Stocks

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Anadarko Petroleum Corporation (NYSE:APC) completes the trio of oil companies that had 9 billionaire fund managers among its shareholders at the end of September 2017. Steven Cohen was very bullish on this stock, having more than doubled his fund’s holding during the third quarter. According to its latest 13F filing, Point72 Asset Management held roughly 2.57 million shares of Anadarko Petroleum Corporation (NYSE:APC). Jim Simons’ Renaissance Technologies, on the other hand, chose to reduce its exposure to the stock, having cut its position by a quarter to a little under 2 million shares.

Barry Rosenstein JANA PARTNERS

Sitting prettily at the top is EQT Corporation (NYSE:EQT), a company engaged mainly in exploration and production, as well as transmission and storage of natural gas and natural gas liquids. At the end of the 2017 third quarter, 12 of the billionaires followed by Insider Monkey had a stake in the company, up from 9 registered a quarter earlier. Barry Rosenstein’s JANA Partners upped its bet on EQT Corporation (NYSE:EQT) by 24% during the third quarter, having amassed approximately 10.2 million shares according to its latest 13F filing. Daniel S. Och’s OZ Management has also stepped up its interest in EQT Corporation (NYSE:EQT), having boosted its holding by 86% to some 6.43 million shares.

Disclosure: none.

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