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The oil and gas industry has had some ups and downs – business cycles, huge discoveries, technological improvements, and oil spills have been pushing stocks one way or another. While these events have prompted some hedge fund managers to move away from oil stocks (read about it here), oil and gas producers are still very popular investments amongst hedge fund managers.

Here is a list of the top oil and gas production stocks amongst hedge fund managers:

  1. ConocoPhillips (NYSE:COP): ConocoPhillips holds a prominent position in many fund managers’ portfolios. Warren Buffett’s Berkshire Hathaway had 3.12% of its portfolio invested in the company at the end of the third quarter, while Jean-Marie Eveillard’s First Eagle Investment Management had 2.3% of his portfolio in ConocoPhillips.

  2. Exxon Mobil (NYSE:XOM): This company is gaining some traction amongst fund managers. T. Boone Pickens’s BP Capital initiated a brand new position and had nearly 6% of his portfolio invested in Exxon at the end of the third quarter, while Ken Fisher’s Fisher Asset Management had almost 2% of its portfolio invested in the company.

  3. Chevron (NYSE:CVX): Fund managers like this company as well. As of the end of the 3rd quarter, both Ray Dalio’s Bridgewater Associates and Ken Fisher’s Fisher Asset Management had significant positions in Chevron.

  4. Apache Corp (NYSE:APA): Apache also made it to the top of several hedge fund managers portfolios. As of the end of September, Jean-Marie Eveillard’s First Eagle Investment Management and Ray Dalio’s Bridgewater Associates had significant positions in the company.

  5. EOG Resources (NYSE:EOG): Ken Fisher’s Fisher Asset Management, T. Boone Pickens’s BP Capital and Jean-Marie Eveillard’s First Eagle Investment Management each owned strong positions in EOG at the end of the third quarter.

  6. Occidental Petroleum Corp (NYSE:OXY): Ken Fisher’s Fisher Asset Management and T. Boone Pickens’s BP Capital are fans of Occidental. Pickens had more than 3.5% of his portfolio invested in Occidental at the end of the third quarter, while Fisher held almost 1.2% of his portfolio in the company.

  7. Devon Energy Corp (NYSE:DVN): T. Boone Pickens’s BP Capital is even more bullish about Devon. His fund had nearly 7% of its portfolio invested in Devon at the end of the third quarter. David Dreman’s Dreman Value Management, Jean-Marie Eveillard’s First Eagle Investment Management and George Soros’ Soros Fund Management are also fans of the stock.

  8. Anadarko Petroleum Corp (NYSE:APC): Anadarko is also very popular amongst fund managers. Richard Perry’s Perry Capital had over 5% of its portfolio invested in Anadarko at the end of the third quarter while John Paulson’s Paulson & Co had 4.32% of its portfolio in the company. Ken Fisher’s Fisher Asset Management and David Dreman’s Dreman Value Management also had significant positions in Anadarko.

  9. Chesapeake Energy Corp (NYSE:CHK): Chesapeake is popular as well. T. Boone Pickens’s BP Capital had a whopping 12.59% of its portfolio invested in the company at the end of the third quarter. Mason Hawkins’ Southeastern Asset Management had more than 10% of its portfolio in Chesapeake. David Dreman’s Dreman Value Management also owned a large stake in Chesapeake at the end of the third quarter.

  10. Marathon Oil Corp (NYSE:MRO): Marathon was also a favorite. David Einhorn’s Greenlight Capital and Joel Greenblatt’s Gotham Asset Management both owned significant positions in the company as of the end of the third quarter.

Source: 10 Oil & Gas Production Stocks Fund Managers Love