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Boone Pickens Buys EOG, NOV, DYN, GST, AONE, Sells APA, SLB, APC, ECA, CVX

gurufocus

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Billionaire oil man T Boone Pickens reported his 4th quarter portfolio. As of 12/31/2010, BP Capital owns 23 stocks with a total value of $276 million. These are the details of the buys and sells.

Picks is getting out of big oil players such as Apache Corp., Schlumberger Ltd., Anadarko Petroleum Corp., Encana Corp., Suncor Energy Inc., Chevron Corp., and got into smaller ones including Eog Resources Inc., National Oilwell Varco Inc., Qep Resources Inc..

This is the portfolio chart of T Boone Pickens. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.



For the details of T Boone Pickens's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=T+Boone+Pickens

This is the sector weightings of his portfolio:

Oil & Gas 85.4%
Basic Materials 1.5%


These are the top 5 holdings of T Boone Pickens

  1. CHESAPEAKE ENERGY CORP. (CHK) - 883,348 shares, 8.29% of the total portfolio. Shares added by 18.83%
  2. BP P.L.C. (BP) - 511,373 shares, 8.18% of the total portfolio. Shares added by 6.23%
  3. MCMORAN EXPLORATION CO. (MMR) - 1,171,660 shares, 7.28% of the total portfolio.
  4. WEATHERFORD INTL. LTD. (WFT) - 875,340 shares, 7.23% of the total portfolio.
  5. PLAINS EXPLORATION & PRODUCTION COMPANY (PXP) - 604,202 shares, 7.04% of the total portfolio. Shares added by 90.48%


Added: Qep Resources Inc. (QEP)

T Boone Pickens added to his holdings in Qep Resources Inc. by 179.71%. His purchase prices were between $29.68 and $38.12, with an estimated average price of $34.1. The impact to his portfolio due to this purchase was 4.02%. His holdings were 475,500 shares as of 12/31/2010.

QEP Resources is a independent natural gas and oil exploration and production company. Qep Resources Inc. has a market cap of $6.76 billion; its shares were traded at around $38.51 with and P/S ratio of 3.08. The dividend yield of Qep Resources Inc. stocks is 0.21%.

Added: Plains Exploration & Production Company (PXP)

T Boone Pickens added to his holdings in Plains Exploration & Production Company by 90.48%. His purchase prices were between $25.92 and $32.18, with an estimated average price of $29.05. The impact to his portfolio due to this purchase was 3.34%. His holdings were 604,202 shares as of 12/31/2010.

PLAINS EXPLORATION & PRODUCTION COMPANY is an independent oil and gas company primarily engaged in the activities of acquiring, developing, exploring and producing oil and gas properties primarily in the United States. Plains Exploration & Production Company has a market cap of $5.22 billion; its shares were traded at around $37.23 with a P/E ratio of 16.7 and P/S ratio of 4.39.

Added: Chesapeake Energy Corp. (CHK)

T Boone Pickens added to his holdings in Chesapeake Energy Corp. by 18.83%. His purchase prices were between $21.12 and $26.15, with an estimated average price of $22.82. The impact to his portfolio due to this purchase was 1.31%. His holdings were 883,348 shares as of 12/31/2010.

Chesapeake Energy Corp. is an independent oil and gas company engaged in the development, exploration, acquisition and production of onshore natural gas and oil reserves. Chesapeake Energy Corp. has a market cap of $20.17 billion; its shares were traded at around $30.84 with a P/E ratio of 10.14 and P/S ratio of 2.62. The dividend yield of Chesapeake Energy Corp. stocks is 0.97%. Chesapeake Energy Corp. had an annual average earning growth of 14.7% over the past 10 years. GuruFocus rated Chesapeake Energy Corp. the business predictability rank of 2-star.

Added: Bp P.l.c. (BP)

T Boone Pickens added to his holdings in Bp P.l.c. by 6.23%. His purchase prices were between $40 and $44.44, with an estimated average price of $42.11. The impact to his portfolio due to this purchase was 0.48%. His holdings were 511,373 shares as of 12/31/2010.

BP p.l.c. is the holding company of one of the world's largest petroleum and petrochemicals groups. Bp P.l.c. has a market cap of $143.44 billion; its shares were traded at around $45.8 with a P/E ratio of 6.49 and P/S ratio of 0.46. The dividend yield of Bp P.l.c. stocks is 4.59%. Bp P.l.c. had an annual average earning growth of 20.3% over the past 10 years. GuruFocus rated Bp P.l.c. the business predictability rank of 3-star.

Added: Halliburton Company (HAL)

T Boone Pickens added to his holdings in Halliburton Company by 3.46%. His purchase prices were between $31.4 and $41.15, with an estimated average price of $36.57. The impact to his portfolio due to this purchase was 0.13%. His holdings were 269,242 shares as of 12/31/2010.

Halliburton Company provides a variety of services, equipment, maintenance, and engineering and construction to energy, industrial and governmental customers. Halliburton Company has a market cap of $40.6 billion; its shares were traded at around $44.64 with a P/E ratio of 21.67 and P/S ratio of 2.26. The dividend yield of Halliburton Company stocks is 0.81%. Halliburton Company had an annual average earning growth of 1.2% over the past 5 years.

New Purchase: Eog Resources Inc. (EOG)

T Boone Pickens initiated holdings in Eog Resources Inc.. His purchase prices were between $88.29 and $101.33, with an estimated average price of $93.64. The impact to his portfolio due to this purchase was 5.97%. His holdings were 180,300 shares as of 12/31/2010.

EOG Resources, Inc. is engaged, either directly or through a marketing subsidiary with regard to domestic operations or through various subsidiaries with regard to international operations, in the exploration for, and the development, production and marketing of, natural gas and crude oil primarily in major producing basins in the United States, as well as in Canada and Trinidad. Eog Resources Inc. has a market cap of $26.24 billion; its shares were traded at around $103.3 with a P/E ratio of 59.37 and P/S ratio of 5.48. The dividend yield of Eog Resources Inc. stocks is 0.6%. Eog Resources Inc. had an annual average earning growth of 17.4% over the past 10 years. GuruFocus rated Eog Resources Inc. the business predictability rank of 4.5-star.

New Purchase: National Oilwell Varco Inc. (NOV)

T Boone Pickens initiated holdings in National Oilwell Varco Inc.. His purchase prices were between $43.94 and $66.89, with an estimated average price of $57.27. The impact to his portfolio due to this purchase was 4.09%. His holdings were 168,000 shares as of 12/31/2010.

National-Oilwell is a worldwide leader in the design, manufacture and sale of machinery and equipment and in the distribution of maintenance, repair and operating products used in oil and gas drilling and production. National Oilwell Varco Inc. has a market cap of $32.67 billion; its shares were traded at around $77.86 with a P/E ratio of 19.04 and P/S ratio of 2.69. The dividend yield of National Oilwell Varco Inc. stocks is 0.57%. National Oilwell Varco Inc. had an annual average earning growth of 35.5% over the past 10 years. GuruFocus rated National Oilwell Varco Inc. the business predictability rank of 4.5-star.

New Purchase: Dynegy Inc. (DYN)

T Boone Pickens initiated holdings in Dynegy Inc.. His purchase prices were between $4.44 and $5.89, with an estimated average price of $5.06. The impact to his portfolio due to this purchase was 2.84%. His holdings were 1,395,000 shares as of 12/31/2010.

Dynegy Inc. is a provider of energy products and services in North America, the United Kingdom and in continental Europe. Dynegy Inc. has a market cap of $685.98 million; its shares were traded at around $5.67 with a P/E ratio of 6.91 and P/S ratio of 0.28.

New Purchase: Gastar Exploration Ltd. (GST)

T Boone Pickens initiated holdings in Gastar Exploration Ltd.. His purchase prices were between $3.55 and $5.29, with an estimated average price of $4.12. The impact to his portfolio due to this purchase was 1.83%. His holdings were 1,172,000 shares as of 12/31/2010.

Gastar Exploration, Ltd. is an exploration and production company focused on finding and developing natural gas assets in North America and Australia. Gastar Exploration Ltd. has a market cap of $268.23 million; its shares were traded at around $4.3 with a P/E ratio of 35.83 and P/S ratio of 8.16. Gastar Exploration Ltd. had an annual average earning growth of 1.7% over the past 5 years.

New Purchase: A123 Systems Inc. (AONE)

T Boone Pickens initiated holdings in A123 Systems Inc.. His purchase prices were between $7.7 and $10.19, with an estimated average price of $9.11. The impact to his portfolio due to this purchase was 1.61%. His holdings were 465,300 shares as of 12/31/2010.

A123 Systems, Inc. designs, develops, manufactures and sells advanced, rechargeable lithium-ion batteries and battery systems. A123 Systems Inc. has a market cap of $1.02 billion; its shares were traded at around $9.71 with and P/S ratio of 11.2.

Reduced: Suncor Energy Inc. (SU)

T Boone Pickens reduced to his holdings in Suncor Energy Inc. by 36.85%. His sale prices were between $31.64 and $38.16, with an estimated average price of $34.74. The impact to his portfolio due to this sale was -2.9%. T Boone Pickens still held 358,119 shares as of 12/31/2010.

SUNCOR ENERGY is a world leader in mining and extracting crude oil from the vast oil sands deposits of northern Alberta. Suncor Energy Inc. has a market cap of $63.83 billion; its shares were traded at around $40.82 with a P/E ratio of 24.44 and P/S ratio of 1.85. The dividend yield of Suncor Energy Inc. stocks is 0.98%. Suncor Energy Inc. had an annual average earning growth of 17.5% over the past 10 years. GuruFocus rated Suncor Energy Inc. the business predictability rank of 2-star.

Reduced: Clayton Williams Energy Inc. (CWEI)

T Boone Pickens reduced to his holdings in Clayton Williams Energy Inc. by 52.04%. His sale prices were between $49.51 and $83.65, with an estimated average price of $69.9. The impact to his portfolio due to this sale was -1.91%. T Boone Pickens still held 57,701 shares as of 12/31/2010.

Clayton Williams Energy is an independent oil and gas company engaged in the exploration for and development and production of oil and natural gas primarily in Texas, Louisiana and New Mexico. Clayton Williams Energy Inc. has a market cap of $1.12 billion; its shares were traded at around $91.9 with a P/E ratio of 35.08 and P/S ratio of 4.36. Clayton Williams Energy Inc. had an annual average earning growth of 11.9% over the past 10 years.

Reduced: Devon Energy Corp. (DVN)

T Boone Pickens reduced to his holdings in Devon Energy Corp. by 23.97%. His sale prices were between $64.35 and $78.2, with an estimated average price of $70.51. The impact to his portfolio due to this sale was -1.33%. T Boone Pickens still held 148,413 shares as of 12/31/2010.

Devon Energy Corporation is an independent energy company engaged primarily in oil and gas exploration, development and production, and in the acquisition of producing properties. Devon Energy Corp. has a market cap of $37.33 billion; its shares were traded at around $86.44 with a P/E ratio of 13.46 and P/S ratio of 4.66. The dividend yield of Devon Energy Corp. stocks is 0.74%.

Sold Out: Apache Corp. (APA)

T Boone Pickens sold out his holdings in Apache Corp.. His sale prices were between $97.01 and $119.92, with an estimated average price of $108.55.

Apache Corporation is an independent energy company that explores for, develops and produces natural gas, crude oil and natural gas liquids. Apache Corp. has a market cap of $43.65 billion; its shares were traded at around $119.73 with a P/E ratio of 13.78 and P/S ratio of 5.07. The dividend yield of Apache Corp. stocks is 0.5%. Apache Corp. had an annual average earning growth of 16.6% over the past 10 years. GuruFocus rated Apache Corp. the business predictability rank of 3-star.

Sold Out: Schlumberger Ltd. (SLB)

T Boone Pickens sold out his holdings in Schlumberger Ltd.. His sale prices were between $61.2 and $83.63, with an estimated average price of $74.1.

Schlumberger Limited is a global technology services company consisting of two business segments, Schlumberger Oilfield Services and SchlumbergerSema. Schlumberger Ltd. has a market cap of $123.3 billion; its shares were traded at around $90.37 with a P/E ratio of 31.71 and P/S ratio of 4.49. The dividend yield of Schlumberger Ltd. stocks is 0.93%. Schlumberger Ltd. had an annual average earning growth of 4% over the past 5 years.

Sold Out: Anadarko Petroleum Corp. (APC)

T Boone Pickens sold out his holdings in Anadarko Petroleum Corp.. His sale prices were between $56.05 and $75.59, with an estimated average price of $64.12.

Anadarko Petroleum Corporation is one of the world's largest independentoil and gas exploration and production companies. Anadarko Petroleum Corp. has a market cap of $38.9 billion; its shares were traded at around $78.49 with a P/E ratio of 43.61 and P/S ratio of 3.54. The dividend yield of Anadarko Petroleum Corp. stocks is 0.46%. Anadarko Petroleum Corp. had an annual average earning growth of 8.6% over the past 10 years.

Sold Out: Encana Corp. (ECA)

T Boone Pickens sold out his holdings in Encana Corp.. His sale prices were between $27.55 and $30.71, with an estimated average price of $28.77.

EnCana Corporation is one of the world's largest independent natural gas producers and gas storage operators. Encana Corp. has a market cap of $23.13 billion; its shares were traded at around $31.45 with a P/E ratio of 29.12 and P/S ratio of 2.61. The dividend yield of Encana Corp. stocks is 2.54%. Encana Corp. had an annual average earning growth of 20.7% over the past 10 years.

Sold Out: Chevron Corp. (CVX)

T Boone Pickens sold out his holdings in Chevron Corp.. His sale prices were between $80.97 and $91.6, with an estimated average price of $85.09.

Chevron is the fifth-largest integrated energy company in the world. Chevron Corp. has a market cap of $194.1 billion; its shares were traded at around $96.45 with a P/E ratio of 10.21 and P/S ratio of 0.95. The dividend yield of Chevron Corp. stocks is 2.99%. Chevron Corp. had an annual average earning growth of 13.3% over the past 10 years. GuruFocus rated Chevron Corp. the business predictability rank of 2-star.

Sold Out: Quicksilver Resources Inc (KWK)

T Boone Pickens sold out his holdings in Quicksilver Resources Inc. His sale prices were between $12.29 and $15.6, with an estimated average price of $14.42.

Quicksilver Resources Inc. is an independent energy company engaged in the acquisition, development, exploration, production and sale of natural gas, crude oil and condensate and the gathering, processing and transmission of natural gas. Quicksilver Resources Inc has a market cap of $2.53 billion; its shares were traded at around $14.88 with a P/E ratio of 18.15 and P/S ratio of 3.04.

Sold Out: Hess Corp. (HES)

T Boone Pickens sold out his holdings in Hess Corp.. His sale prices were between $59.49 and $76.44, with an estimated average price of $68.95.

Hess Corporation, is a global integrated energy company engaged in the exploration for and the production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products, electricity. Hess Corp. has a market cap of $26.5 billion; its shares were traded at around $80.6 with a P/E ratio of 15.18 and P/S ratio of 0.77. The dividend yield of Hess Corp. stocks is 0.5%. Hess Corp. had an annual average earning growth of 8.5% over the past 10 years. GuruFocus rated Hess Corp. the business predictability rank of 3-star.

Sold Out: Southwestern Energy Company (SWN)

T Boone Pickens sold out his holdings in Southwestern Energy Company. His sale prices were between $32.73 and $38.42, with an estimated average price of $35.72.

Southwestern Energy Company is an energy company primarily focused on natural gas. Southwestern Energy Company has a market cap of $12.8 billion; its shares were traded at around $36.91 with a P/E ratio of 21.09 and P/S ratio of 5.97. Southwestern Energy Company had an annual average earning growth of 20% over the past 10 years.

Sold Out: Fluor Corp. (FLR)

T Boone Pickens sold out his holdings in Fluor Corp.. His sale prices were between $48.19 and $66.63, with an estimated average price of $56.36.

Fluor is a FORTUNE 500 company that delivers engineering, procurement, construction, maintenance (EPCM), and project management to governments and clients in diverse industries around the world. Fluor Corp. has a market cap of $13.14 billion; its shares were traded at around $73.52 with a P/E ratio of 34.2 and P/S ratio of 0.6. The dividend yield of Fluor Corp. stocks is 0.68%. Fluor Corp. had an annual average earning growth of 22% over the past 10 years. GuruFocus rated Fluor Corp. the business predictability rank of 2-star.

Sold Out: Baker Hughes Inc. (BHI)

T Boone Pickens sold out his holdings in Baker Hughes Inc.. His sale prices were between $42.82 and $56.85, with an estimated average price of $50.12.

Baker Hughes Inc. is engaged in the oilfield and process industries. Baker Hughes Inc. has a market cap of $28.95 billion; its shares were traded at around $67.13 with a P/E ratio of 29.97 and P/S ratio of 2.01. The dividend yield of Baker Hughes Inc. stocks is 0.89%. Baker Hughes Inc. had an annual average earning growth of 11.5% over the past 10 years.

Sold Out: Massey Energy Company (MEE)

T Boone Pickens sold out his holdings in Massey Energy Company. His sale prices were between $31.09 and $53.67, with an estimated average price of $45.23.

Massey Energy Company produces, processes and sells bituminous, low sulfur coal of steam and metallurgical grades through its processing and shipping centers. Massey Energy Company has a market cap of $6.44 billion; its shares were traded at around $63.09 with and P/S ratio of 2.12. The dividend yield of Massey Energy Company stocks is 0.38%. Massey Energy Company had an annual average earning growth of 10.3% over the past 10 years.

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gurufocus
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