Billionaire Investors are Bullish on These 6 Oil Stocks

Next up is Newfield Exploration Co. (NYSE:NFX), an independent exploration and production company operating mainly onshore. At the end of the third quarter, 9 of the billionaire fund managers tracked by Insider Monkey had Newfield Exploration Co. (NYSE:NFX) in their portfolio, up from 7 registered in the previous quarter. Among them, David E Shaw’s D E Shaw held the largest positions, which amounted to 639,812 shares, down 56% from the previous quarter. Steven Cohen held a similar bet on Newfield Exploration Co. (NYSE:NFX) with his family office, Point72 Asset Management, having reported ownership of 600,000 shares in its latest 13F filing.

On par with Newfield Exploration is Devon Energy Corp (NYSE:DVN), an energy company with operations both in the United States and in Canada, and that also controls EnLink Midstream Partners LP (NYSE:ENLK). Our data shows that 9 billionaire fund managers were invested in Devon Energy Corp (NYSE:DVN) at the end of the third quarter, the most notable among them being Ken Griffin and Israel Englander. Griffin’s Citadel Investment Group held 5.81 million shares of Devon Energy according to its latest 13F filing, while Englander’s Millennium Management reported ownership of 4.65 million shares at the end of the third quarter.