Clayton Williams Energy, Inc. (CWEI), Cimarex Energy Co (XEC), More: Are the Energy Gurus at GRT Capital Right About These Energy Stocks?

GRT has been moderately trimming its stake in Gulfport Energy Corporation (NASDAQ:GPOR) as well. The fund sold 5% of its stake in the company in the third quarter, and 2% in the prior quarter. At the end of September, GRT had 497,351 shares of the company, with the overall value of the updated stake being $14.05 million. This energy stock was a disappointment for the hedge fund as it lost 9.6% in the September quarter.

Heading into the third quarter of 2016, a total of 40 of the hedge funds in our database were long Gulfport, down by 7% from one quarter earlier. When looking at the institutional investors followed by Insider Monkey, Andreas Halvorsen’s Viking Global has the number one position in Gulfport Energy Corporation (NASDAQ:GPOR), worth close to $280 million. Sitting at the No. 2 spot is Robert Pitts of Steadfast Capital Management, with a $74.9 million position. Remaining professional money managers with similar optimism consist of D E Shaw, Ryan Heslop and Ariel Warszawski’s Firefly Value Partners, and John Griffin’s Blue Ridge Capital.

Lastly, GRT Capital Partners also sold 18% of its stake in Cimarex Energy Co (NYSE:XEC) in the third quarter, entering the fourth quarter with 110,282 shares of the company valued at $14.82 million. The stock returned 12.7% during the third quarter. The largest stake in Cimarex Energy Co (NYSE:XEC) among the funds in our system was held by Diamond Hill Capital, which reported holding $418.5 million worth of stock as of the end of June. It was followed by Millennium Management with a $141.2 million position. Other investors bullish on the company included Point72 Asset Management, Discovery Capital Management, and Citadel Investment Group.

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