Below is the list of 5 oil stocks in billionaire Ken Fisher’s portfolio. For a detailed discussion about Ken Fisher’s investment philosophy and portfolio management strategies please see 10 Oil Stocks in Billionaire Ken Fisher’s Portfolio.
5. Schlumberger Limited (NYSE:SLB)
Fisher Asset Management’s Stake Value: $478 million
Percentage of Fisher Asset Management’s 13F Portfolio: 0.29%
Number of Hedge Fund Holders: 39
Schlumberger Limited (NYSE:SLB), an oilfield services company, continues to generate robust returns for investors. Its share price increased close to 34% since the beginning of this year. The company’s third-quarter revenue of $5.85 billion jumped 4% sequentially and 11% year-on-year. Moreover, the company expects to extend the revenue growth momentum into the December quarter, driven by continued improvement in production and exploration activities.
Of the 867 hedge funds tracked by Insider Monkey, Schlumberger was in 39 hedge funds’ portfolios. First Eagle Investment Management and Fisher Asset Management were the leading stakeholders in the company.
4. Exxon Mobil Corporation (NYSE:XOM)
Fisher Asset Management’s Stake Value: $516 million
Percentage of Fisher Asset Management’s 13F Portfolio: 0.32%
Number of Hedge Fund Holders: 64
Exxon Mobil Corporation (NYSE:XOM)’s diversified business model along with strong cash generation makes it one of the best stocks to own even in a volatile business environment. The share price of Exxon Mobil Corporation surged 49% since the beginning of this year. Moreover, the company has sustained its dividend growth in the past 20 consecutive years.
Exxon Mobil Corporation was in 64 hedge funds’ portfolios as of the end of September. GQG Partners and First Eagle Investment Management were the leading stakeholders in the company.
3. Chevron Corporation (NYSE:CVX)
Fisher Asset Management’s Stake Value: $634 million
Percentage of Fisher Asset Management’s 13F Portfolio: 0.39%
Number of Hedge Fund Holders: 51
Chevron Corporation (NYSE:CVX) has a long history of returning cash to investors in the form of dividends. Like Exxon, Chevron sustained its dividend growth in 2020. The company currently offers a dividend yield of 4.55%. In addition, its shares surged around 37% year to date, thanks to growth in oil prices. The company posted $6.1 billion in net profits for the third quarter while its cash flow from operations came in at $8.6 billion and free cash flows hit a quarterly record of $6.7 billion.
Hedge fund sentiment increased in Chevron Corporation during the third quarter. Out of 867 hedge funds tracked by Insider Monkey, 51 were bullish about the company as of September.
2. Royal Dutch Shell plc (NYSE:RDS)
Fisher Asset Management’s Stake Value: $809 million
Percentage of Fisher Asset Management’s 13F Portfolio: 0.50%
Number of Hedge Fund Holders: 33
Fisher Asset Management’s strategy of increasing its stake in Royal Dutch Shell plc (NYSE:RDS) in the past four straight quarters benefited the hedge fund. This is because shares of the company increased 13% in the last twelve months. The company also returned a significant amount of cash to shareholders in the form of dividends. Royal Dutch Shell currently offers a dividend yield of 4.32%.
Royal Dutch Shell was in 33 hedge funds’ portfolios as of September. Like Fisher Asset Management, Pzena Investment Management and Arrowstreet Capital were the leading stakeholders in the company.
1. TotalEnergies SE (NYSE:TTE)
Fisher Asset Management’s Stake Value: $1.14 billion
Percentage of Fisher Asset Management’s 13F Portfolio: 0.71%
Number of Hedge Fund Holders: 33
Fisher Asset Management owned a $1.14 billion stake in TotalEnergies SE (NYSE:TTE) at the end of the September quarter. Its shares surged 17% since the beginning of this year. The company also offers one of the best dividend yields among oil stocks. The company generated $4.8 billion in adjusted net income for the third quarter and cash flow came in at $8.4 billion.
The number of long hedge funds’ positions increased in TotalEnergies SE (NYSE:TTE) during the third quarter. It was in 16 portfolios as of September compared to 15 positions in the previous quarter. Arrowstreet Capital and Millennium Management were the leading stakeholders in the company.
You can also take a look at Billionaire Carl Icahn Portfolio: Top Stock Picks and Warren Buffett’s Picks: 10 Stocks to Watch.
