Stanley Druckenmiller Was Right About These 4 Stocks

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In this article, we discuss the 4 stocks that Stanley Druckenmiller was right about. If you want to read about some more stocks that Stanley Druckenmiller was right about, go directly to Stanley Druckenmiller Was Right About These 9 Stocks

4. Phillips 66 (NYSE:PSX)

Number of Hedge Fund Holders: 41

Percentage Increase in Share Price (YTD): 37.92%

Phillips 66 (NYSE:PSX) is an energy manufacturing and logistics firm. Latest 13F filings show that Duquesne Capital owned 113,335 shares of Phillips 66 (NYSE:PSX) at the end of the first quarter of 2022 worth more than $9.7 million, representing 0.42% of the portfolio. 

On May 23, Piper Sandler analyst Ryan Todd maintained an Overweight rating on Phillips 66 (NYSE:PSX) stock and raised the price target to $120 from $119, underlining that there were “more legs” to the refining investment case than the market believes. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm DE Shaw is a leading shareholder in Phillips 66 (NYSE:PSX), with 2.2 million shares worth more than $191 million. 

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