Billionaire Steve Cohen’s Top Energy Picks

Valero Energy Corporation (NYSE:VLO) is a particularly interesting case in the fund’s equity portfolio. The position was increased by more than 760% during the October-December period to 2.58 million shares, valued at $127.50 million. The company operates as an independent petroleum refining and marketing company in the Canada, the Caribbean, Ireland, the United Kingdom and the U.S. Compared to where it was 12 months ago, Valero Energy Corporation (NYSE:VLO)’s stock has no significant changes and this is an important reason why some investors decreased their previous holdings.

Although the stake was reduced by 32% in the last quarter, Valero Energy Corporation (NYSE:VLO) is one of the largest positions in the portfolio of Steven Richman’s East Side Capital (Rr Partners). As of the end of 2014, the fund reported holding 3.8 million shares, valued at $188.4 million.

Point72 Asset Management also reported an increased stake in Royal Dutch Shell plc (ADR) (NYSE:RDS.A). The fund reported ownership of 1.52 million shares, adding 1.51 million shares during the fourth quarter, the value of the stake amounting to $101.95 million. Billionaire Richard S. Pzena‘s Pzena Investment Management was another investor that had Royal Dutch Shell plc (ADR) (NYSE:RDS.A) included in its equity portfolio, as the fund reported holding some 7.25 million shares valued at $485.6 million, which makes Pzena the largest shareholder of Royal Dutch Shell plc (ADR) (NYSE:RDS.A) among funds that we track.

The company is one of the world’s largest integrated oil and gas companies and the largest in Europe; operating in more than 100 countries. In the last quarter, Royal Dutch Shell plc (ADR) (NYSE:RDS.A)’s revenue decreased by 15.45% versus the previous quarter. Along with this, earnings per share (EPS) have significantly decreased from the same quarter one year ago to $0.24 from $0.56.

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