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’ve also uncovered a number of stocks that superinvestors have sold, or reduced in their portfolios, according to their latest 13f’s. So we’re now providing a new weekly feature article called ‘One Stock Superinvestors Are Selling‘. 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 3.1 million of barrels of oil equivalent a day, including 7.3 million cubic feet a day of natural gas and 1.9 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 U.S. and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2020 stood at 11.1 billion barrels of oil equivalent, including 6.1 billion barrels of liquids and 29.9 trillion cubic feet of natural gas.
A quick look at the price chart below for Chevron Corporation shows us that the stock is up 16.97% in the past twelve months.
(Source: Morningstar)
Superinvestors who reduced, or sold out of Chevron Corporation include:
(Remaining Shares)
Warren Buffett – 23,672,271
Jim Simons – 558,860
Ken Griffin – 526,789
Israel Englander – 249,001
Mario Gabelli – 45,575
Joel Greenblatt – 7,370
Tom Russo – 4,817
Paul Tudor Jones – SOLD OUT
Lee Ainslie – SOLD OUT
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