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Billionaire Oilman T Boone Pickens Q1 Portfolio Update

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Billionaire oilman T Boone Pickens reported his first quarter portfolio. If you want to invest in oil stocks, you should certainly take a look at what he is buying. As of 03/31/2011, BP Capital owns 22 stocks with a total value of $359 million. These are the details of the buys and sells.

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 98.4%
Industrials 0.8%


These are the top 5 holdings of T Boone Pickens

  1. NOBLE Corp. (NE) - 694,300 shares, 8.83% of the total portfolio. Shares added by 106.64%
  2. CHESAPEAKE ENERGY CORP. (CHK) - 883,348 shares, 8.25% of the total portfolio.
  3. BP P.L.C. (BP) - 604,373 shares, 7.43% of the total portfolio. Shares added by 18.19%
  4. SANDRIDGE ENERGY INC. (SD) - 1,936,151 shares, 6.91% of the total portfolio.
  5. EOG RESOURCES INC. (EOG) - 198,900 shares, 6.57% of the total portfolio. Shares added by 10.32%


Added: Noble Corp. (NE)

T Boone Pickens added to his holdings in Noble Corp. by 106.64%. His purchase prices were between $35.64 and $46.12, with an estimated average price of $40.68. The impact to his portfolio due to this purchase was 4.56%. His holdings were 694,300 shares as of 03/31/2011.

Noble Corp. is a provider of diversified services for the oil and gas industry. Noble Corp. has a market cap of $10 billion; its shares were traded at around $39.65 with a P/E ratio of 22.2 and P/S ratio of 3.6. The dividend yield of Noble Corp. stocks is 0.3%. Noble Corp. had an annual average earnings growth of 21.5% over the past 10 years. GuruFocus rated Noble Corp. the business predictability rank of 2-star.

Added: Murphy Oil Corp. (MUR)

T Boone Pickens added to his holdings in Murphy Oil Corp. by 283.85%. His purchase prices were between $65.74 and $76.11, with an estimated average price of $71.49. The impact to his portfolio due to this purchase was 2.82%. His holdings were 186,400 shares as of 03/31/2011.

Murphy Oil Corporation is a worldwide oil and gas exploration and production company with refining and marketing operations in the United States and the United Kingdom and crude oil transportation and trading operations in Canada. Murphy Oil Corp. has a market cap of $12.71 billion; its shares were traded at around $65.71 with a P/E ratio of 13.9 and P/S ratio of 0.5. The dividend yield of Murphy Oil Corp. stocks is 1.7%. Murphy Oil Corp. had an annual average earnings growth of 19.3% over the past 10 years. GuruFocus rated Murphy Oil Corp. the business predictability rank of 4-star.

Added: Occidental Petroleum Corp. (OXY)

T Boone Pickens added to his holdings in Occidental Petroleum Corp. by 64.72%. His purchase prices were between $93.81 and $107.37, with an estimated average price of $99.34. The impact to his portfolio due to this purchase was 1.41%. His holdings were 123,183 shares as of 03/31/2011.

Occidental Petroleum Corp. explores for, develops, produces and markets crude oil and natural gas and manufactures and markets a variety of basic chemicals, including chlorine, caustic soda, and ethylene dichloride, as well as specialty chemicals and vinyls, including polyvinyl chloride resins and vinyl chloride monomer. Occidental Petroleum Corp. has a market cap of $82.1 billion; its shares were traded at around $101 with a P/E ratio of 16 and P/S ratio of 4.3. The dividend yield of Occidental Petroleum Corp. stocks is 1.8%. Occidental Petroleum Corp. had an annual average earnings growth of 14.3% over the past 10 years.

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

T Boone Pickens added to his holdings in Bp P.l.c. by 18.19%. His purchase prices were between $43.25 and $49.25, with an estimated average price of $46.68. The impact to his portfolio due to this purchase was 1.14%. His holdings were 604,373 shares as of 03/31/2011.

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 $133.02 billion; its shares were traded at around $42.46 with a P/E ratio of 6.2 and P/S ratio of 0.4. The dividend yield of Bp P.l.c. stocks is 4%.

Added: Weatherford Intl. Ltd. (WFT)

T Boone Pickens added to his holdings in Weatherford Intl. Ltd. by 11.42%. His purchase prices were between $19.88 and $26.08, with an estimated average price of $22.66. The impact to his portfolio due to this purchase was 0.63%. His holdings were 975,340 shares as of 03/31/2011.

Weatherford International is one of the world's providers ofequipment and services used for the drilling, completion and production of oil and natural gas wells. Weatherford Intl. Ltd. has a market cap of $14.34 billion; its shares were traded at around $19.32 with a P/E ratio of 32.2 and P/S ratio of 1.4. Weatherford Intl. Ltd. had an annual average earnings growth of 11.9% over the past 10 years.

Added: Eog Resources Inc. (EOG)

T Boone Pickens added to his holdings in Eog Resources Inc. by 10.32%. His purchase prices were between $91.41 and $119.67, with an estimated average price of $105.23. The impact to his portfolio due to this purchase was 0.61%. His holdings were 198,900 shares as of 03/31/2011.

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 $27.86 billion; its shares were traded at around $104.7 with a P/E ratio of 74.8 and P/S ratio of 4.6. The dividend yield of Eog Resources Inc. stocks is 0.6%. Eog Resources Inc. had an annual average earnings growth of 15.1% over the past 10 years.

New Purchase: Apache Corp. (APA)

T Boone Pickens initiated holdings in Apache Corp.. His purchase prices were between $113.77 and $130.43, with an estimated average price of $121.61. The impact to his portfolio due to this purchase was 5.6%. His holdings were 153,600 shares as of 03/31/2011.

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 $46.8 billion; its shares were traded at around $122.27 with a P/E ratio of 12.6 and P/S ratio of 3.9. The dividend yield of Apache Corp. stocks is 0.5%. Apache Corp. had an annual average earnings growth of 15.2% over the past 10 years. GuruFocus rated Apache Corp. the business predictability rank of 2.5-star.

New Purchase: Canadian Natural Resources Ltd. (CNQ)

T Boone Pickens initiated holdings in Canadian Natural Resources Ltd.. His purchase prices were between $41.01 and $51.21, with an estimated average price of $45.93. The impact to his portfolio due to this purchase was 4.07%. His holdings were 295,500 shares as of 03/31/2011.

Canadian Natural Resources Limited is a senior independent oil and natural gas exploration, development and production company based in Calgary, Alberta. Canadian Natural Resources Ltd. has a market cap of $44.44 billion; its shares were traded at around $40.65 with a P/E ratio of 24.3 and P/S ratio of 3. The dividend yield of Canadian Natural Resources Ltd. stocks is 0.9%.

New Purchase: Approach Resources Inc. (AREX)

T Boone Pickens initiated holdings in Approach Resources Inc.. His purchase prices were between $23.1 and $32.55, with an estimated average price of $28.08. The impact to his portfolio due to this purchase was 0.96%. His holdings were 102,300 shares as of 03/31/2011.

Approach Resources Inc. is an independent energy company engaged in the exploration, development, exploitation, production and acquisition of unconventional natural gas and oil properties onshore in the United States and Western Canada. Approach Resources Inc. has a market cap of $638.6 million; its shares were traded at around $22.46 with a P/E ratio of 54.8 and P/S ratio of 11.1.

New Purchase: Abb Ltd. (ABB)

T Boone Pickens initiated holdings in Abb Ltd.. His purchase prices were between $21.78 and $24.51, with an estimated average price of $23.44. The impact to his portfolio due to this purchase was 0.75%. His holdings were 111,600 shares as of 03/31/2011.

ABB Ltd, headquartered in Zurich, Switzerland, is engaged in providing power and automation technologies for its utility and industrial customers. Abb Ltd. has a market cap of $60.48 billion; its shares were traded at around $26.21 with a P/E ratio of 21.1 and P/S ratio of 1.9. The dividend yield of Abb Ltd. stocks is 2.6%. Abb Ltd. had an annual average earnings growth of 20.9% over the past 10 years.

Sold Out: Qep Resources Inc. (QEP)

T Boone Pickens sold out his holdings in Qep Resources Inc.. His sale prices were between $36.31 and $41.5, with an estimated average price of $38.81.

QEP Resources is a independent natural gas and oil exploration and production company. Qep Resources Inc. has a market cap of $7.2 billion; its shares were traded at around $40.81 with a P/E ratio of 31.2 and P/S ratio of 3.2. The dividend yield of Qep Resources Inc. stocks is 0.2%.

Sold Out: Dynegy Inc. (DYN)

T Boone Pickens sold out his holdings in Dynegy Inc.. His sale prices were between $5.44 and $6.29, with an estimated average price of $5.8.

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 $701.8 million; its shares were traded at around $5.79 with and P/S ratio of 0.3.

Sold Out: Transatlantic Petroleum Ltd. (TAT)

T Boone Pickens sold out his holdings in Transatlantic Petroleum Ltd.. His sale prices were between $2.85 and $3.45, with an estimated average price of $3.13.

TransAtlantic Petroleum Ltd. is a vertically integrated, international oil and gas company. Transatlantic Petroleum Ltd. has a market cap of $733.2 million; its shares were traded at around $2.18 with and P/S ratio of 25.1.

Sold Out: Clayton Williams Energy Inc. (CWEI)

T Boone Pickens sold out his holdings in Clayton Williams Energy Inc.. His sale prices were between $79.35 and $106.08, with an estimated average price of $91.5.

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 $879.2 million; its shares were traded at around $72.33 with a P/E ratio of 12.6 and P/S ratio of 2.7. Clayton Williams Energy Inc. had an annual average earnings growth of 14.8% over the past 10 years.

Sold Out: Consol Energy Inc. (CNX)

T Boone Pickens sold out his holdings in Consol Energy Inc.. His sale prices were between $45.49 and $55.49, with an estimated average price of $50.71.

CONSOL Energy Inc. is the largest producer of high-Btu bituminous coal in the United States, and the largest exporter of U. Consol Energy Inc. has a market cap of $10.81 billion; its shares were traded at around $47.72 with a P/E ratio of 21 and P/S ratio of 2.1. The dividend yield of Consol Energy Inc. stocks is 0.8%. Consol Energy Inc. had an annual average earnings growth of 24.9% over the past 10 years. GuruFocus rated Consol Energy Inc. the business predictability rank of 2-star.


Rating: 2.9/5 (12 votes)

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