What Do Hedge Funds Think of These Three Surging Energy Stocks?

Hedge funds from our database also seemed to like Stone Energy Corporation (NYSE:SGY) in the second quarter as they amassed over 11% of the company at the end of June. Moreover, while the number of funds with long positions remained flat at 13, the total value of their stakes declined to $80.76 million from $95.79 million during the second quarter. However, its also important to mention that around 19.43% of the float is short. Israel Englander‘s Millennium Management increased its position by 1% to 2.22 million shares, while Paul Reeder and Edward Shapiro’s PAR Capital Management cut its stake by 58% to 900,000 shares. Brian Taylor’s Pine River Capital Management kept its holding static at 68,459 shares.

Hedge funds amassed 15.30% of Unit Corporation (NYSE:UNT) in the second quarter and although the number of funds increased to 14 from 11, the total value of their holdings in the stock declined to $209.61 million from $215.77 million. 11.4% of the float is short. Chuck Royce‘s Royce & Associates decreased its position by 6% to 4.54 million shares, while Steve Cohen’s Point72 Asset Management established a new stake of 1.37 million shares.

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