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Why These Five Energy Stocks Crashed on Monday?

Between July and September of the last year, Williams Companies Inc (NYSE:WMB) witnessed a decrease in popularity among the funds that we track, with 73 investors holding long positions at the end of September, versus 86 at the end of June. Among them, Keith Meister’s Corvex Capital was the largest shareholder, reporting ownership of 41.68 million shares as of the end of the third quarter.

The hedge fund sentiment towards Williams Partners LP (NYSE:WPZ) has been steady, as the number of investors long the stock remained unchanged at 19 during the third quarter of 2015. Alec Litowitz and Ross Laser‘s Magnetar Capital was the largest shareholder of Williams Partners LP (NYSE:WPZ) in our database, with 2.9 million shares valued at $92.4 million, according to its last 13F filing.

In other news, Chesapeake Energy Corporation (NYSE:CHK)’s stock is 35% in the red as investors are afraid of a possible bankruptcy. However, the natural gas producer said it has “no plans” to file for bankruptcy, and it has hired the law firm Kirkland & Ellis to improve its balance sheet through restructuring. Last week, Linn Energy LLC (NASDAQ:LINE) has taken similar actions.

During the third quarter, Chesapeake Energy Corporation (NYSE:CHK) registered a slightly increase in popularity among the funds we track, with 34 investors holding long positions at the end of the third quarter, versus 33 funds a quarter earlier and they amassed 24.8% of the float at the end of September. Carl Icahn‘s Icahn Capital was the largest shareholder with 73.05 million shares owned at the end of September

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