Based on the transactions of nearly 700 hedge funds, we compiled this list of top eight energy companies hedge funds were buying like crazy during the fourth quarter:
1. Exxon Mobil Corp. (XOM): More than 100 hedge funds snatched XOM. They own nearly $4 billion worth of Exxon Mobil shares. Even Warren Buffett has XOM in his stock portfolio.
2. Halliburton Co. (HAL): Halliburton was owned by 85 hedge funds at the end of last year. They increased their holdings from 3% to 4% of the outstanding shares. T. Boone Pickens is extremely bullish about HAL.
3. Schlumberger Ltd. (SLB): Eighty-two hedge funds owned 2% of SLB in the second half of last year. Stephen Mandel’s Lone Pine Capital bought Schlumberger in the most recent fourth quarter and made more than 14% from his nearly $600 million bet. T. Boone Pickens also has SLB in his portfolio.
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