In 2001, Phill Gross and Robert Atchinson founded Adage Capital Management. As of September 30, 2021, the fund’s assets under management have increased from $3.8 billion to $50.7 billion. Here, we’ll take a look at the best oil and gas investments made by Gross. Funds managed by Phill Gross’ Adage Capital Management include endowments, foundations, and other non-profit organizations. Company holdings include Exxon Mobil Corporation and ConocoPhillips, Pioneer Natural Resources Company and Chesapeake Energy Corporation.
Insider Monkey states the list of the 10 oil and gas stocks to buy according to Phill Gross’s Adage Capital. One of Phill Gross’s oil and gas holdings is Royal Dutch Shell Plc. According to Insider Monkey’s database as of the third quarter of 2021, RDS was owned by 33 hedge funds, down from 38 in the second quarter of 2019. In addition to refining and midstreaming crude oil and gas, Phillips 66 engages in the marketing and distribution of these products to end users. Adage Capital Management held 0.03 percent of Phillips 66 in Q3 2021. Antero Resources Corporation was owned by 41 of the hedge funds tracked by Insider Monkey at the end of Q3 2021. This is a decrease from the over $973 million in value of 33 such stakes in the third quarter of 2014. There was a 40% year-over-year increase in sales to $534 million. Fueling the world’s energy needs through refining, marketing, and transportation, Marathon Petroleum Corporation is a downstream energy company. Asphalt and petrochemicals are also available from the Ohio-based oil company. In the third quarter, Adage Capital Management increased its stake in the company. In recent months, Chesapeake Energy Corporation has been one of the most successful shale oil companies. The oil and gas company based in Oklahoma reported third-quarter revenue of $1.17 billion in November, which was $361 million higher than expected. It was expected. For more details, click the 10 Oil And Gas Stocks To Buy According To Phil Gross’s Adage Capital.
