Renaissance Technologies Top 5 Energy Stock Picks

4. Coterra Energy Inc. (NYSE:CTRA)

Renaissance Technologies’ Q2 2023 Holdings: $125.34 Million
Number of Hedge Fund Holders: 34

Coterra Energy Inc. (NYSE:CTRA) is living up to expectations as one of Renaissance Technologies’ top energy stock picks, going by the 20% plus gain year to date. The independent oil and gas company develops, explores, and produces oil and natural gas liquids. It owns 183,000 net acres in the Marcellus Shale and approximately 307,000 in the Permian basin.

According to Insider Monkey’s research, 34 hedge funds owned shares of Coterra Energy Inc. (NYSE:CTRA) in Q2 2023. The biggest stakeholder was Diamond Hill Capital, run by Ric Dillon, with a stake worth $117.02 million.

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