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Stanford Adds Fracking Investments in 3rd Quarter

Corrected

Stanford University’s endowment invested in three oil and gas companies in the third quarter, a few months after saying it would end direct investing in publicly traded coal-mining ventures.

The endowment, valued at $21.4 billion as of August, bought shares of Rex Energy Corp. with a market value of $15.5 million at the end of the quarter, according to a regulatory filing yesterday. Stanford also bought shares in YPF SA and Petrobras Argentina SA, with a market value of $11.1 million as of Sept.