Billionaire Stanley Druckenmiller’s 2022 Portfolio: 5 Value Stock Picks

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In this article, we discuss 5 value stock picks of billionaire Stanley Druckenmiller in 2022. If you want to see more value picks in his portfolio, click Billionaire Stanley Druckenmiller’s 2022 Portfolio: 10 Value Stock Picks.

5. Phillips 66 (NYSE:PSX)

Number of Hedge Fund Holders: 41

P/E Ratio as of May 18: 16.66

Phillips 66 (NYSE:PSX) is a Texas-based energy manufacturing and logistics company, operating through four segments – Midstream, Chemicals, Refining, and Marketing and Specialties. Stanley Druckenmiller’s fund purchased 113,335 shares of Phillips 66 (NYSE:PSX) in Q1 2022, worth $9.7 million, representing 0.42% of the overall 13F portfolio. 

On May 11, Phillips 66 (NYSE:PSX) declared a $0.97 per share quarterly dividend, a 5.4% increase from its prior dividend of $0.92. The dividend is payable on June 1, to shareholders of the company as of May 23. The company delivered on May 18 a dividend yield of 4.06%. 

Phillips 66 (NYSE:PSX) reported earnings for Q1 2022 on April 29, announcing an EPS of $1.32, beating estimates by $0.11. The revenue grew 67.47% year-over-year to $36.72 billion, topping market forecasts by $1.51 billion. 

JPMorgan analyst Phil Gresh on May 18 raised the price target on Phillips 66 (NYSE:PSX) to $112 from $102 and kept an Overweight rating on the shares. The analyst boosted estimates and price targets for the refining group.

Among the hedge funds tracked by Insider Monkey, 41 funds reported owning stakes in Phillips 66 (NYSE:PSX) at the end of Q4 2021, up from 34 funds in the earlier quarter. Billionaire Israel Englander’s Millennium Management disclosed a $256.5 million stake in the company at the conclusion of Q1 2022. 

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