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The Voice of Energy, T. Boone Pickens Unloads Oil, Gas and Coal
Posted by: Sally Jones (IP Logged)
Date: August 16, 2013 05:05PM

The portfolio of T. Boone Pickens, BP Capital, currently lists 39 stocks, 20 of them new, with a total value of $102 million with a quarter-over-quarter turnover of 47%.

In an active second quarter of trading, Pickens unloaded energy holdings, reducing nine and selling four, along with sell outs Newmont Mining Corporation (NEM) and Apple Inc. (AAPL).

T. Boone Pickens made the following major reductions to his energy portfolio in the second quarter of 2013.

Pioneer Natural Resources Company (PXD): Reduced 71.6%

Guru Action: As of June 30, 2013, Pickens reduced his position by 71.6%, selling 74,466 shares at an average price of $133.48 for a gain of 27.6%.

He has averaged a gain of 61% on 144,550 shares bought at an average price of $105.94 per share. On shares sold, he averaged a gain of 38% on 115,016 shares sold at an average price of $123.31 per share.

His current shares stand at 29,534.

Devon Energy Corp. (DVN): Reduced 61.43%

Guru Action: As of June 30, 2013, Pickens reduced his position by 61.43%, selling 75,129 shares at an average price of $55.7 for a gain of 3.1%.

He has averaged a loss of 18% on 190,007 shares bought at an average price of $69.74 per share. On shares sold, he averaged a loss of 3% on 142,841 shares sold at an average price of $59.02 per share.

His current shares stand at 47,166.

Marathon Petroleum Corp. (MPC): Reduced 46.42%

Guru Action: As of June 30, 2013, Pickens reduced his position by 46.42%, selling 74,466 shares at an average price of $133.48 for a gain of 27.6%.

He has averaged a loss of 11.5% on 30,068 shares bought at an average price of $79.85 per share. On shares sold, he averaged a loss of 10% on 64,777 shares sold at an average price of $78.11 per share.

His current shares stand at 34,709.

Valero Energy Corporation (VLO): Reduced 68.71%


Guru Action: As of June 30, 2013, Pickens reduced his position by 68.71%, selling 50,034 shares at an average price of $38.10 for a loss of 7.1%.

He has averaged a gain of 50% on 354,955 shares bought at an average price of $23.60 per share. On shares sold, he averaged a loss of 9% on 332,170 shares sold at an average price of $38.73 per share.

His current shares stand at 22,785.


Phillips 66 (PSX): Reduced 37.73%


Guru Action: As of June 30, 2013, Pickens reduced his position by 37.73%, selling 30,084 shares at an average price of $62.83 for a loss of 10.4%.

He has averaged a loss of 8% on 79,725 shares bought at an average price of $61.15 per share. On shares sold, he averaged a loss of 10% on 30,084 shares sold at an average price of $62.83 per share.

His current shares stand at 49,641.


Tesoro Corporation (TSO): Reduced 35.23%


Guru Action: As of June 30, 2013, Pickens reduced his position by 35.23%, selling 35,105 shares at an average price of $56 for a loss of 12.9%.

He has averaged a loss of 5% on 99,657 shares bought at an average price of $51.50 per share. On shares sold, he averaged a loss of 13% on 35,105 shares sold at an average price of $56.00 per share.

His current shares stand at 64,552.


Gulfport Energy Corporation (GPOR): Reduced 30.45%


Guru Action: As of June 30, 2013, Pickens reduced his position by 30.45%, selling 38,060 shares at an average price of $48.98 for a gain of 9.1%.

He has averaged a gain of 30% on 125,000 shares bought at an average price of $40.98 per share. On shares sold, he averaged a gain of 9% on 38,060 shares sold at an average price of $48.98 per share.

His current shares stand at 86,940.


Apache Corporation (APA): Reduced 8.32%


Guru Action: As of June 30, 2013, Pickens reduced his position by 8.32%, selling 10,389 shares at an average price of $79.45 for a gain of 0.3%.

He has averaged a gain of 1% on 124,829 shares bought at an average price of $78.91 per share. On shares sold, he averaged a loss of 0% on 10,389 shares sold at an average price of $79.45 per share.

His current shares stand at 114,440.



As of June 30, 2013, T. Boone Pickens also sold out holdings in four energy companies: Occidental Petroleum Corporation (OXY), Consol Energy Inc. (CNX), Halcon Resources Corp. (HK) and Arch Coal Inc. (ACI). Check out the rest of Pickens’s selling in second quarter 2013.




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Guru Discussed: T. Boone Pickens: Current Portfolio, Stock Picks
Stocks Discussed: PXD, DVN, MPC, VLO, PSX, TSO, GPOR, APA, EPD, OXY, CNX, HK, AC,
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