Energy Bull Andy Hall’s Astenbeck Capital Enjoys Strong Returns

Pioneer Natural Resources (NYSE:PXD)

– Shares Owned by Astenbeck Capital Management (as of June 30): 150,545

– Value of Astenbeck Capital Management’s holding (as of June 30): $22.76 million

Pioneer Natural Resources (NYSE:PXD) represents Astenbeck’s second-largest position, which contains 150,545 shares worth $22.76 million as of the end of the second quarter. The stake was unchanged during the quarter. Reduced production costs is helping Pioneer Natural Resources (NYSE:PXD) to compete with Saudi Arabia in Permian Basin and the company has reduced its production costs to $2 per barrel by improving on fracking techniques. CEO Sheffield stated: “My firm belief is the Permian is going to be the only driver of long-term oil growth in this country. And it’s going to grow on up to about 5 million barrels a day from 2 million barrels,” even in a $55 per barrel price environment, he added. Among the investors we track, 74 funds were long the stock at the end of the second quarter, compared to 61 funds a quarter earlier.

EOG Resources Inc (NYSE:EOG)

– Shares Owned by Astenbeck Capital Management (as of June 30): 262,000

– Value of Astenbeck Capital’s holding Management (as of June 30): $21.86 million

On the third spot is the US-based EOG Resources Inc (NYSE:EOG), in which Astenbeck also didn’t change its position during the second quarter and reported ownership of  262,000 shares worth $21.86 million. For the second quarter, EOG Resources reported revenue of $1.78 billion, which topped estimates by $170 million, while net loss of $0.38 was better than the expected loss of $0.48 per share. EOG Resources Inc (NYSE:EOG)’s stock has gained 28.26% since the beginning of the year. A total of 36 funds from our database held shares of EOG Resources Inc (NYSE:EOG) with a total value of $638.33 million.

CME Group Inc (NASDAQ:CME)

– Shares Owned by Astenbeck Capital Management (as of June 30): 30,000

– Value of Astenbeck Capital’s holding Management (as of June 30): $2.92 million

Astenbeck Capital Management’s position in CME Group Inc (NASDAQ:CME) remained during the second quarter. The fund holds 30,000 shares of the company valued at $2.92 million. CME Group Inc (NASDAQ:CME) reported revenue of $906 million, which missed expectations by $5.91 million, while EPS of $1.14 was higher than analysts’ expectations of $1.11. CME Group Inc (NASDAQ:CME)’s stock is up by 18.36% since the beginning of the year. A total of 49 funds from our database held long positions in CME Group Inc (NASDAQ:CME) worth $1.24 billion in aggregate, at the end of the second quarter.

Disclosure: None