Michael Burry Has 50% of His Portfolio Invested In These 8 Stocks

4. BP Plc (NYSE:BP)

Michael Burry’s Q1’2024 Stake: $6,594,000

Percentage of Burry’s Portfolio: 6.37%

Michael Burry added oil and gas giant BP Plc (NYSE:BP) to his portfolio in the first quarter of 2024, buying a stake worth about $6.6 million as of the end of March. BP Plc (NYSE:BP) accounts for about 6.4% of Scion’s portfolio. BP has a dividend yield of over 4% and an attractive PE ratio of 11.88.

BP Plc (NYSE:BP) recently reported Q1 results which weren’t  pretty, mainly due to outages at its Whiting refinery in Indiana, soft fuel margins and lower oil and gas prices. BP Plc (NYSE:BP) said it would cut $2 billion in costs by the end of 2026.