Renaissance Technologies Top 5 Energy Stock Picks

In this article, we discuss Renaissance Technologies’ top 5 energy stock picks. You can read our detailed analysis of Renaissance Technologies and its performance over the years by clicking Renaissance Technologies Returns, AUM, CEO and Top Energy Stock Picks. 

5. Range Resources Corporation (NYSE:RRC)

Renaissance Technologies’ Q2 2023 Holdings: $107.80 Million
Number of Hedge Fund Holders: 30

Range Resources Corporation (NYSE:RRC) is an independent natural gas and natural gas liquids and oil company. The company explores, develops, and acquires natural gas and oil properties. It also markets and sells natural gas and NGLs to utility marketing and midstream companies.

Insider Monkey’s Q2 2023 survey covering 910 hedge funds revealed that 30 had bought and owned Range Resources Corporation (NYSE:RRC)’s shares. D. E. Shaw’s D E Shaw is the biggest shareholder among these since it owns $142.23 million worth of shares.

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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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3. Cheniere Energy, Inc. (NYSE:LNG)

Renaissance Technologies’ Q2 2023 Holdings: $167.68 Million
Number of Hedge Fund Holders: 60

Headquartered in Houston, Texas, Cheniere Energy, Inc. (NYSE:LNG) engages in the LNG business while operating the Sabine Pass LNG terminal in Louisiana. It stands out as a US leader in producing and exporting LNG.

After digging through 910 hedge funds for their June quarter of 2023 investments, Insider Monkey discovered that 60 were the firm’s shareholders. Cheniere Energy, Inc. (NYSE:LNG)’s largest hedge fund shareholder is D. E. Shaw’s D E Shaw due to its $217 million stake.

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2. Southwestern Energy Company (NYSE:SWN)

Renaissance Technologies’ Q2 2023 Holdings: $170.95 Million
Number of Hedge Fund Holders: 44

Southwestern Energy Company (NYSE:SWN) is an independent energy company that explores, develops, and produces natural gas oil and natural gas liquids. The company engages in the development of unconventional natural gas and oil reservoirs.

Southwestern Energy Company (NYSE:SWN) had 44 hedge funds as shareholders in Q2 2023, according to Insider Monkey’s database. The largest stakeholder was D E Shaw, managed by D. E. Shaw, with a stake of 29.47 million shares valued at $177.12 million.

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1. Chevron Corporation (NYSE:CVX)

Renaissance Technologies’ Q2 2023 Holdings: $185.09 Million
Number of Hedge Fund Holders: 73 

Chevron Corporation (NYSE:CVX) is an energy and chemicals company that produces and refines oil and gas.

By the end of this year’s second quarter, 73 out of the 910 hedge funds part of Insider Monkey’s database had held a stake in Chevron Corporation (NYSE:CVX). Out of these, the firm’s biggest investor is Warren Buffett’s Berkshire Hathaway since it owns 123.12 million shares that are worth $19.37 billion.

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