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. Follow @stockpickr
While causing upset among politicians and some business leaders, President Donald Trump's withdrawal of the U.S. from the Paris Agreement helped boost stock prices across the chemicals and automotive sectors.