Steve Cohen is a well-known American businessman, philanthropist, and art connoisseur who resides in New York City. Point72 Asset Management is his current position as Chairman, CEO, and Founder. Steve Cohen attributes much of his ability to take calculated risks to his high school poker days. Founded in Stamford, CT, Point72 Asset Management invests in long/short, macro and systematic strategies. A total of $117.54 billion in discretionary assets are managed by the fund’s staff of approximately 1500 people. In the third quarter, the fund purchased 381 new stocks and increased its stake in 304 others.
Here is Insider Monkey’s list of 10 oil and gas stocks in billionaire Steve Cohen’s Point72 Asset Management portfolio. The state-owned Norwegian oil company Equinor ASA is publicly traded on the New York Stock Exchange. Around 170 million customers and more than 20,000 employees use the company’s products or services. Point72 Asset Management owns 1.346 million shares worth $34.33 million, according to 13F filings from the third quarter of 2021. Suncor Energy Inc. employs approximately 12,600 people and will be ranked 647 in the Forbes Global 2000 in 2021. For Scotiabank’s Jason Bouvier, the company’s price target has been raised to $37 from $33. When it comes to Texas and energy infrastructure, look no further than Targa Resources Corp. The company primarily transports, stores, and sells natural gas and natural gas liquids on a commercial basis. As a midstream energy infrastructure company, it’s one of the largest in the country. It is an American utility company, WEC Energy Group, Inc. Customers in Wisconsin, Illinois, Minnesota, and Michigan make up about 4.4 million of the company’s customers. There are 1.07 million shares worth $94.45 million owned by Israel Englander’s Millennium Management. The largest hydrocarbon exploration company in Canada is Ovintiv Inc. Petroleum, natural gas, and natural gas liquids are the main topics of discussion. After selling its San Juan Basin assets, Ovintiv bought Texas-based Newfield Exploration in 2019. For more details, click 10 Oil And Gas Stocks To Buy In Billionaire Steve Cohen’s Portfolio.