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Billionaire Oilman T Boone Pickens Reports Second Quarter Trades

gurufocus

gurufocus

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Billionaire oilman T Boone Pickens reported his second quarter portfolio. If you want to invest in oil stocks, you should certainly take a look at what he is buying. T Boone Pickens buys Schlumberger Ltd., Hess Corp., Chesapeake Energy Corp., Nationaloilwell Inc., Weatherford International Ltd., sells Devon Energy Corp., Oceaneering International Inc., A123 Systems Inc., Abb Ltd. Ads during the 3-months ended 06/30/2011, according to the most recent filings of his investment company, BP Capital. As of 06/30/2011, BP Capital owns 20 stocks with a total value of $324 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 100%


These are the top 5 holdings of T Boone Pickens

  1. Chesapeake Energy Corp. (CHK) - 1,034,284 shares, 9.4782% of the total portfolio. Shares added by 17.09%
  2. Noble Corp. (NE) - 673,577 shares, 8.1935% of the total portfolio. Shares reduced by 2.98%
  3. BP PLC ADS (BP) - 583,062 shares, 7.9707% of the total portfolio. Shares reduced by 3.53%
  4. Plains Exploration & Production Co. (PXP) - 585,257 shares, 6.8861% of the total portfolio. Shares reduced by 3.14%
  5. McMoRan Exploration Co. (MMR) - 1,130,833 shares, 6.4503% of the total portfolio. Shares reduced by 3.48%


Added: Chesapeake Energy Corp. (CHK)

T Boone Pickens added to his holdings in Chesapeake Energy Corp. by 17.09%. His purchase prices were between $28 and $34.02, with an estimated average price of $30.82. The impact to his portfolio due to this purchase was 1.38%. His holdings were 1,034,284 shares as of 06/30/2011.

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 $21.52 billion; its shares were traded at around $32.29 with a P/E ratio of 11.2 and P/S ratio of 2.3. The dividend yield of Chesapeake Energy Corp. stocks is 1.1%. Chesapeake Energy Corp. had an annual average earnings growth of 9.8% over the past 10 years.

Added: Nationaloilwell Inc. (NOV)

T Boone Pickens added to his holdings in Nationaloilwell Inc. by 23.83%. His purchase prices were between $65.4 and $81.46, with an estimated average price of $72.86. The impact to his portfolio due to this purchase was 0.97%. His holdings were 208,040 shares as of 06/30/2011.

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. Nationaloilwell Inc. has a market cap of $30.03 billion; its shares were traded at around $70.29 with a P/E ratio of 17.1 and P/S ratio of 2.5. The dividend yield of Nationaloilwell Inc. stocks is 0.6%. Nationaloilwell Inc. had an annual average earnings growth of 30.8% over the past 10 years. GuruFocus rated Nationaloilwell Inc. the business predictability rank of 4.5-star.

Added: Weatherford International Ltd. (WFT)

T Boone Pickens added to his holdings in Weatherford International Ltd. by 13.21%. His purchase prices were between $16.9 and $23.05, with an estimated average price of $19.69. The impact to his portfolio due to this purchase was 0.75%. His holdings were 1,104,225 shares as of 06/30/2011.

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 International Ltd. has a market cap of $13.3 billion; its shares were traded at around $17.68 with a P/E ratio of 27 and P/S ratio of 1.3. Weatherford International Ltd. had an annual average earnings growth of 11.9% over the past 10 years.

New Purchase: Schlumberger Ltd. (SLB)

T Boone Pickens initiated holdings in Schlumberger Ltd.. His purchase prices were between $80.64 and $93.7, with an estimated average price of $85.2. The impact to his portfolio due to this purchase was 3.62%. His holdings were 135,822 shares as of 06/30/2011.

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 $109.3 billion; its shares were traded at around $80.07 with a P/E ratio of 25.7 and P/S ratio of 4. The dividend yield of Schlumberger Ltd. stocks is 1.2%. Schlumberger Ltd. had an annual average earnings growth of 6.3% over the past 5 years.

New Purchase: Hess Corp. (HES)

T Boone Pickens initiated holdings in Hess Corp.. His purchase prices were between $68.73 and $86.74, with an estimated average price of $77.17. The impact to his portfolio due to this purchase was 3.56%. His holdings were 154,254 shares as of 06/30/2011.

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 $20.57 billion; its shares were traded at around $60.21 with a P/E ratio of 9.9 and P/S ratio of 0.6. The dividend yield of Hess Corp. stocks is 0.7%. Hess Corp. had an annual average earnings growth of 7.9% over the past 10 years. GuruFocus rated Hess Corp. the business predictability rank of 2-star.

Sold Out: Devon Energy Corp. (DVN)

T Boone Pickens sold out his holdings in Devon Energy Corp.. His sale prices were between $76.02 and $92, with an estimated average price of $83.59.

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 $29.35 billion; its shares were traded at around $69.78 with a P/E ratio of 11.4 and P/S ratio of 2.9. The dividend yield of Devon Energy Corp. stocks is 1%.

Sold Out: Oceaneering International Inc. (OII)

T Boone Pickens sold out his holdings in Oceaneering International Inc.. His sale prices were between $35.87 and $45.755, with an estimated average price of $40.27.

OCEANEERING INTERNATIONAL, INC. is an advanced applied technology company that provides engineered services and hardware to customers who operate in marine, space and other harsh environments. Oceaneering International Inc. has a market cap of $4.35 billion; its shares were traded at around $39.72 with a P/E ratio of 21.2 and P/S ratio of 2.3. The dividend yield of Oceaneering International Inc. stocks is 1.5%. Oceaneering International Inc. had an annual average earnings growth of 24.7% over the past 10 years. GuruFocus rated Oceaneering International Inc. the business predictability rank of 4.5-star.

Sold Out: A123 Systems Inc. (AONE)

T Boone Pickens sold out his holdings in A123 Systems Inc.. His sale prices were between $4.52 and $6.15, with an estimated average price of $5.58.

A123 Systems, Inc. designs, develops, manufactures and sells advanced, rechargeable lithium-ion batteries and battery systems. A123 Systems Inc. has a market cap of $497.7 million; its shares were traded at around $4.38 with and P/S ratio of 5.1.

Sold Out: Abb Ltd. Ads (ABB)

T Boone Pickens sold out his holdings in Abb Ltd. Ads. His sale prices were between $23.94 and $27.49, with an estimated average price of $25.58.

ABB Ltd, headquartered in Zurich, Switzerland, is engaged in providing power and automation technologies for its utility and industrial customers. Abb Ltd. Ads has a market cap of $51.49 billion; its shares were traded at around $22.04 with a P/E ratio of 16.4 and P/S ratio of 1.6. The dividend yield of Abb Ltd. Ads stocks is 3%. Abb Ltd. Ads had an annual average earnings growth of 20.9% over the past 10 years.

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gurufocus
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