T Boone Pickens Buys Valero Energy Corp., Clean Energy Fuels Corp., Occidental Petroleum Corp., Fluor Corp., Sells The Shaw Group Inc., Transocean Inc.

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Feb 16, 2008
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If you want to invest in energy stocks, you should always see what T Boone Pickens is doing. Pickens became billionaire by investing in oil. These are his buys and sells during the fourth quarter of 2007. T Boone Pickens owns 21 stocks with a total value of $1.4 billion.


T Boone Pickens buys Valero Energy Corp., Clean Energy Fuels Corp., sells GlobalSantaFe Corp., Transocean Inc. during the 3-months ended 12/31/2007, according to the most recent filings of his investment company, BP Capital. T Boone Pickens owns 21 stocks with a total value of $1.4 billion. These are the details of the buys and sells.





New Purchases: CLNE, VLO,


Added Positions: APC, DRC, FLR, OXY, SLB, SU, TLM, WFT, XOM,


Reduced Positions: SGR,


Sold Out: GSF, RIG,





Added: Occidental Petroleum Corp. (OXY, Financial)


T Boone Pickens added to his holdings in Occidental Petroleum Corp. by 29.43%. His purchase prices were between $66.47 and $78.1, with an estimated average price of $71. The impact to his portfolio due to this purchase was 2.46%. His holdings were 1,945,518 shares as of 12/31/2007.


Occidental Petroleum Corporation, through its subsidiaries, primarily engages in the exploration, development, production, and marketing of crude oil and natural gas in the United States and internationally. Occidental Petroleum Corp. has a market cap of $59.22 billion; its shares were traded at around $71.72 with a P/E ratio of 11.15 and P/S ratio of 3.15. The dividend yield of Occidental Petroleum Corp. stocks is 1.5%.


Added: Fluor Corp. (FLR, Financial)


T Boone Pickens added to his holdings in Fluor Corp. by 59.81%. His purchase prices were between $134.7 and $164.02, with an estimated average price of $148.3. The impact to his portfolio due to this purchase was 2.35%. His holdings were 594,693 shares as of 12/31/2007.


Fluor Corporation, through its subsidiaries, provides engineering, procurement, and construction and maintenance (EPCM) services worldwide. It has five segments: Oil & Gas, Industrial & Infrastructure, Government, Global Services, and Power. Fluor Corp. has a market cap of $10.68 billion; its shares were traded at around $120.78 with a P/E ratio of 30.81 and P/S ratio of 0.69. The dividend yield of Fluor Corp. stocks is 0.7%.


Added: Exxon Mobil Corp. (XOM, Financial)


T Boone Pickens added to his holdings in Exxon Mobil Corp. by 14.39%. His purchase prices were between $84.73 and $94.59, with an estimated average price of $90. The impact to his portfolio due to this purchase was 1.6%. His holdings were 1,876,320 shares as of 12/31/2007.


Exxon Mobil Corp. has a market cap of $459.46 billion; its shares were traded at around $85.37 with a P/E ratio of 11.72 and P/S ratio of 1.23. The dividend yield of Exxon Mobil Corp. stocks is 1.7%.


Added: Schlumberger Ltd. (SLB, Financial)


T Boone Pickens added to his holdings in Schlumberger Ltd. by 26.57%. His purchase prices were between $93.04 and $109.36, with an estimated average price of $97. The impact to his portfolio due to this purchase was 1.48%. His holdings were 988,060 shares as of 12/31/2007.


Schlumberger Limited operates as an oilfield services company in the United States and internationally. It has two segments, Oilfield Services and WesternGeco. Schlumberger Ltd. has a market cap of $100.47 billion; its shares were traded at around $84.08 with a P/E ratio of 20.12 and P/S ratio of 4.31. The dividend yield of Schlumberger Ltd. stocks is 1.1%.


Added: Talisman Energy Inc. (TLM, Financial)


T Boone Pickens added to his holdings in Talisman Energy Inc. by 44.91%. His purchase prices were between $17.72 and $21.67, with an estimated average price of $19.2. The impact to his portfolio due to this purchase was 1.22%. His holdings were 2,947,909 shares as of 12/31/2007.


Talisman Energy, Inc., an independent international upstream oil and gas company, engages in the exploration, development, production, transportation, and marketing of crude oil, natural gas, and natural gas liquids in North America and internationals. Talisman Energy Inc. has a market cap of $15.96 billion; its shares were traded at around $15.67 with a P/E ratio of 8.32 and P/S ratio of 2.08. The dividend yield of Talisman Energy Inc. stocks is 1.1%.


Added: Weatherford International Ltd. (WFT, Financial)


T Boone Pickens added to his holdings in Weatherford International Ltd. by 106.21%. His purchase prices were between $61 and $70.44, with an estimated average price of $64.7. The impact to his portfolio due to this purchase was 0.99%. His holdings were 389,552 shares as of 12/31/2007.


Weatherford International, Ltd. provides equipment and services used for the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide. Weatherford International Ltd. has a market cap of $22.07 billion; its shares were traded at around $65.2 with a P/E ratio of 21.18 and P/S ratio of 2.84.


Added: Anadarko Petroleum Corp. (APC, Financial)


T Boone Pickens added to his holdings in Anadarko Petroleum Corp. by 60.79%. His purchase prices were between $56.35 and $66.97, with an estimated average price of $59.6. The impact to his portfolio due to this purchase was 0.67%. His holdings were 375,246 shares as of 12/31/2007.


Anadarko Petroleum Corporation engages in the acquisition, exploration, and production of oil and gas primarily in the United States, the deepwater of the Gulf of Mexico, and Algeria. Anadarko Petroleum Corp. has a market cap of $27.52 billion; its shares were traded at around $58.94 with a P/E ratio of 7.30 and P/S ratio of 2.47. The dividend yield of Anadarko Petroleum Corp. stocks is 0.7%.


Added: DresserRand Group Inc. (DRC, Financial)


T Boone Pickens added to his holdings in DresserRand Group Inc. by 13.29%. His purchase prices were between $35.41 and $40.55, with an estimated average price of $38.1. The impact to his portfolio due to this purchase was 0.31%. His holdings were 920,399 shares as of 12/31/2007.


Dresser-Rand Group, Inc. engages in the design, manufacture, and marketing of rotating equipment solutions to the oil, gas, petrochemical, and process industries worldwide. DresserRand Group Inc. has a market cap of $2.97 billion; its shares were traded at around $34.57 with a P/E ratio of 30.87 and P/S ratio of 1.86.


Added: Suncor Energy Inc. (SU, Financial)


T Boone Pickens added to his holdings in Suncor Energy Inc. by 1.01%. His purchase prices were between $95.76 and $110.19, with an estimated average price of $104.1. The impact to his portfolio due to this purchase was 0.14%. His holdings were 1,815,589 shares as of 12/31/2007.


Suncor Energy, Inc., together with its subsidiaries, operates as an integrated energy company in Canada. It operates through four segments: Oil Sands, Natural Gas, Energy Marketing and Refining, and Refining and Marketing. Suncor Energy Inc. has a market cap of $44.59 billion; its shares were traded at around $96.36 with a P/E ratio of 16.03 and P/S ratio of 2.52. The dividend yield of Suncor Energy Inc. stocks is 0.4%.


New Purchase: Valero Energy Corp. (VLO, Financial)


T Boone Pickens initiated holdings in Valero Energy Corp.. His purchase prices were between $64.97 and $73.21, with an estimated average price of $68.7. The impact to his portfolio due to this purchase was 0.5%. His holdings were 99,372 shares as of 12/31/2007.


Valero Energy Corporation operates as a crude oil refining and retailing company. Its refining activities include refining operations, wholesale marketing, product supply and distribution, and transportation operations primarily in the Gulf Coast, etc. Valero Energy Corp. has a market cap of $31.81 billion; its shares were traded at around $58.37 with a P/E ratio of 6.58 and P/S ratio of 0.34. The dividend yield of Valero Energy Corp. stocks is 0.9%.


New Purchase: Clean Energy Fuels Corp. (CLNE, Financial)


T Boone Pickens initiated holdings in Clean Energy Fuels Corp.. His purchase prices were between $14.71 and $18.93, with an estimated average price of $16.7. The impact to his portfolio due to this purchase was 0.43%. His holdings were 392,518 shares as of 12/31/2007.


Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets in the United States and Canada. It designs, builds, finances, and operates fueling stations and supplies compressed natural gas and liquefied natural gas. Clean Energy Fuels Corp. has a market cap of $688.85 million; its shares were traded at around $15.58 with P/S ratio of 5.93.


Reduced: The Shaw Group Inc. (SGR, Financial)


T Boone Pickens reduced to his holdings in The Shaw Group Inc. by 28.88%. His sale prices were between $59.29 and $74.58, with an estimated average price of $65.5. The impact to his portfolio due to this sale was 2.27%. T Boone Pickens still held 666,728 shares as of 12/31/2007.


The Shaw Group, Inc. offers engineering, technology, construction, fabrication, environmental, and industrial services to various companies worldwide. The Fossil and Nuclear segment provides project-related services, including design, engineering, The Shaw Group Inc. has a market cap of $4.99 billion; its shares were traded at around $59.82 with P/S ratio of 0.81.


Sold Out: Transocean Inc. (RIG)


T Boone Pickens sold out his holdings in Transocean Inc.. His sale prices were between $110.7 and $146.02, with an estimated average price of $128. The impact to his portfolio due to this sale was less than 0.01%.


Transocean, Inc. operates as an offshore drilling contractor and a provider of drilling management services worldwide. It contracts drilling rigs, related equipment, and work crews primarily on dayrate basis to drill oil and gas wells etc. Transocean Inc. has a market cap of $37.67 billion; its shares were traded at around $129.07 with a P/E ratio of 14.41 and P/S ratio of 6.90.