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8 Stocks Billionaire John Paulson Loves

Stocks in this article: GOLD EP MHS GR NG AMCX MMI DLPH

7. El Paso

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Paulson initiated a new 4 million-share stake in El Paso (EP) in the fourth quarter that comprises 0.8% of the Paulson & Co. portfolio.

El Paso shows up in various Stockpickr pro portfolios, including Carl Icahn's, as the second-largest holding of Icahn Associates, with 72.3 million shares. In addition, Steve Mandel's Lone Pine Capital initiated a 6.6 million-share position, and Daniel Loeb's Third Point holds 5.6 million shares as of the most recently reported quarter.

El Paso was included on a list of Energy Stocks Bought and Sold by Hedge Funds.

Stock Overview: El Paso operates in the natural gas transmission and exploration and production sectors of the energy industry. It has a market cap of about $22 billion. The stock, which yields 0.1% and has a short interest ratio of 0.9, closed up 32 cents, or 1.1%, at $28.74 on Thursday after hitting a new 52-week high of $28.80 earlier in the day.

Analyst Ratings: Of eight analysts covering the stock, three rate it a buy, and five rate it a hold.TheStreet Ratings has a B- buy rating on El Paso with a $36.88 price target.

More on El Paso: El Paso was one of the 10 Best-Performing S&P 500 Stocks of 2011.

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