As part of the weekly research here at The Acquirer’s Multiple we’re always interested in superinvestors who hold the same stocks that appear in our Acquirer’s Multiple Stock Screeners, based on their latest 13F’s. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks.
While doing this research we also uncovered a number of superinvestors that currently hold stocks that don’t appear in our screens at the moment. So we’re now providing a new weekly feature article called ‘One Stock Superinvestors Are Buying Or Holding‘ which features one stock that appears in a number of superinvestor portfolos, and who’s buying it, or holding it. This week we’ll take a look at:
Chevron Corporation (NYSE: CVX)
Chevron is an integrated energy company with exploration, production, and refining operations worldwide. Chevron is the second- largest oil company in the United States with production of 3.2 million of barrels of oil equivalent a day, including 7.6 million cubic feet a day of natural gas and 2.0 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the United States, South Africa, and Asia for total refining capacity of 1.7 million barrels of oil a day. Proven reserves at year-end 2019 stood at 11.4 billion barrels of oil equivalent, including 6.5 billion barrels of liquids and 29.5 trillion cubic feet of natural gas.
A quick look at the price chart below for Chevron shows us that the stock is down 30% in the past twelve months.
(Source: Morningstar)
Superinvestors who currently hold positions in Chevron include:
Ken Fisher – 5,096,800 shares
Ric Dillon – 3,861,366 shares
Steve Cohen – 1,289,029 shares
Ken Griffin – 1,268,994 shares
Joel Greenblatt – 584,902 shares
Charles Brandes – 330,521 shares
Cliff Asness – 287,991 shares
Prem Watsa – 155,800 shares
Rob Olstein – 66,000 shares
Mario Gabelli – 65,057 shares
Joe Huber – 36,700 shares
Charles De Vaulx – 21,441 shares
Murray Stahl – 17,463 shares
Ray Dalio – 14,777 shares
Tom Russo – 7,848 shares
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