Billionaire Jorge Paulo Lemann’s Top Energy Picks

The next in line is Marathon Petroleum Corp (NYSE:MPC), in which 3G Capital increased its stake by 1.8% to 700,000 shares valued at $36.62 million. Meanwhile, Marathon Petroleum Corp (NYSE:MPC)’s stock gained around 5% since the beginning of the year, but the appreciation was offset by a slump in mid-August. In July, Marathon Petroleum Corp (NYSE:MPC) appreciated by 11% in one day, after its sponsored Master Limited Partnership (MLP) MPLX LP (NYSE:MPLX) announced that it will acquire Markwest Energy Partners LP (NYSE:MWE) in a deal that is expected to result in the formation of the fourth-largest US MLP with a $21 billion market-cap. These partnerships, which typically own infrastructure like pipelines that earn steady revenue from long-term contracts, have shown much better resiliency than traditional drilling companies during the energy downturn. Among other prominent funds that we track, David E. Shaw’s D. E. Shaw owns around 16.82 million shares of Marathon Petroleum Corp (NYSE:MPC) as of the end of June, after having boosted its stake by 118% during the second quarter.

Lastly, 3G Capital kept its holding in Phillips 66 (NYSE:PSX) unchanged at 400,000 shares valued at $32.224 million on the balance of the portfolio. Phillips 66 (NYSE:PSX) is an energy manufacturing and logistics company with midstream, chemicals, refining and specialties businesses. On July 31 the company posted better-than-expected bottom line financial results for the second quarter with EPS at $1.83, beating by estimates by $0.02. Prior to the market sell-off, Phillips 66 (NYSE:PSX) had quite a good year with 17.5% in green, and highs at $83 per share. At the beginning of August, the market experts from Barclays re-confirmed their “Buy” ranking for the shares of the company raising the target price to $114 from $113. Taking into account the current market price, investors might expect a 60% upside potential should the analysts’ expectations come true. Moreover, a couple of days ago Warren Buffett’s Berkshire Hathaway has disclosed a massive position in Phillips 66, which contains nearly 58 million shares.

Disclosure: None.