GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

T Boone Pickens Buys Exxon Mobil Corp., Chevron Corp., Foster Wheeler Ltd., Sells Valero Energy Corp., Tesoro Corp.

insider

If you want to invest in energy stocks, you should certainly see what billionaire oilman Boone Pickens is doing. He bought a lot of energy stocks again. These are his buys and sells during the third quarter.

T Boone Pickens buys Exxon Mobil Corp., Chevron Corp., Foster Wheeler Ltd., sells Valero Energy Corp., Tesoro Corp. during the 3-months ended 09/30/2007, according to the most recent filings of his investment company, BP Capital. T Boone Pickens owns 21 stocks with a total value of $1.3 billion. These are the details of the buys and sells.

Added: Occidental Petroleum Corp. (OXY)

T Boone Pickens added to his holdings in Exploration & Production company Occidental Petroleum Corp. by 56.12%. His purchase prices were between $54.1 and $64.41, with an estimated average price of $59. The impact to his portfolio due to this purchase was 2.65%. His holdings were 1,503,115 shares as of 09/30/2007.

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 $54.67 billion; its shares were traded at around $68.26 with P/E ratio of 11.44 and P/S ratio of 3.18. The dividend yield of Occidental Petroleum Corp. stocks is 1.4%.

Added: InterOil Corp. (IOC)

T Boone Pickens added to his holdings in Exploration & Production company InterOil Corp. by 144.36%. His purchase prices were between $19.27 and $37.25, with an estimated average price of $31. The impact to his portfolio due to this purchase was 1.35%. His holdings were 943,964 shares as of 09/30/2007.

InterOil Corporation, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Papua New Guinea. It owns four exploration licenses and two retention licenses in Papua New Guinea.InterOil Corp. has a market cap of $609.21 million; its shares were traded at around $21.81 with P/S ratio of 1.19.

Added: Titanium Metals Corp. (TIE)

T Boone Pickens added to his holdings in Nonferrous Metals company Titanium Metals Corp. by 90.21%. His purchase prices were between $28.79 and $34.78, with an estimated average price of $32.1. The impact to his portfolio due to this purchase was 1.29%. His holdings were 1,062,926 shares as of 09/30/2007.

Titanium Metals Corporation, together with its subsidiaries, produces titanium melted and mill products for commercial aerospace, military, industrial, and other applications worldwide. Titanium Metals Corp. has a market cap of $4.41 billion; its shares were traded at around $27.49 with P/E ratio of 15.67 and P/S ratio of 3.42.

Added: Fluor Corp. (FLR)

T Boone Pickens added to his holdings in Heavy Construction company Fluor Corp. by 43.56%. His purchase prices were between $113.08 and $143.98, with an estimated average price of $124.8. The impact to his portfolio due to this purchase was 1.25%. His holdings were 372,122 shares as of 09/30/2007.

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 $11.84 billion; its shares were traded at around $137.07 with P/E ratio of 34.17 and P/S ratio of 0.78. The dividend yield of Fluor Corp. stocks is 0.6%.

Added: KBR Inc. (KBR)

T Boone Pickens added to his holdings in Heavy Construction company KBR Inc. by 82.35%. His purchase prices were between $27.6 and $38.94, with an estimated average price of $33.3. The impact to his portfolio due to this purchase was 0.81%. His holdings were 602,582 shares as of 09/30/2007.

KBR, Inc. operates as an engineering, construction, and services company supporting energy, petrochemicals, government services, and civil infrastructure sectors worldwide. KBR Inc. has a market cap of $6.14 billion; its shares were traded at around $36.47 with P/E ratio of 21.80 and P/S ratio of 0.66.

Added: The Shaw Group Inc. (SGR)

T Boone Pickens added to his holdings in Diversified Industrials company The Shaw Group Inc. by 17.05%. His purchase prices were between $45.75 and $60, with an estimated average price of $52.9. The impact to his portfolio due to this purchase was 0.61%. His holdings were 937,532 shares as of 09/30/2007.

The Shaw Group, Inc. provides engineering, design, construction, and maintenance services to energy, environmental, infrastructure, and emergency response markets worldwide. The Shaw Group Inc. has a market cap of $5.16 billion; its shares were traded at around $65.25 with P/S ratio of 1.01.

Added: Suncor Energy Inc. (SU)

T Boone Pickens added to his holdings in Exploration & Production company Suncor Energy Inc. by 1.63%. His purchase prices were between $86.25 and $96.32, with an estimated average price of $91.6. The impact to his portfolio due to this purchase was 0.21%. His holdings were 1,797,523 shares as of 09/30/2007.

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 $46.09 billion; its shares were traded at around $102.61 with P/E ratio of 20.33 and P/S ratio of 2.90. The dividend yield of Suncor Energy Inc. stocks is 0.3%.

Added: Talisman Energy Inc. (TLM)

T Boone Pickens added to his holdings in Exploration & Production company Talisman Energy Inc. by 6.82%. His purchase prices were between $16.9 and $20.35, with an estimated average price of $18.4. The impact to his portfolio due to this purchase was 0.2%. His holdings were 2,034,259 shares as of 09/30/2007.

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 $18.84 billion; its shares were traded at around $19.34 with P/E ratio of 9.47 and P/S ratio of 2.43. The dividend yield of Talisman Energy Inc. stocks is 0.8%.

Added: Transocean Inc. (RIG)

T Boone Pickens added to his holdings in Oil Equipment & Services company Transocean Inc. by 1.79%. His purchase prices were between $99.6 and $114.19, with an estimated average price of $107. The impact to his portfolio due to this purchase was 0.14%. His holdings were 907,631 shares as of 09/30/2007. Transocean Inc. has a market cap of $33.46 billion; its shares were traded at around $119.04 with P/E ratio of 12.80 and P/S ratio of 6.33.

Added: Schlumberger Ltd. (SLB)

T Boone Pickens added to his holdings in Oil Equipment & Services company Schlumberger Ltd. by 1.63%. His purchase prices were between $87.58 and $106.2, with an estimated average price of $95. The impact to his portfolio due to this purchase was 0.1%. His holdings were 780,615 shares as of 09/30/2007.

Schlumberger Limited operates as an oilfield services company in the United States and internationally. The company operates in two segments, Oilfield Services and WesternGeco. Schlumberger Ltd. has a market cap of $108.63 billion; its shares were traded at around $93.29 with P/E ratio of 22.73 and P/S ratio of 4.99. The dividend yield of Schlumberger Ltd. stocks is 0.7%.

New Purchase: Exxon Mobil Corp. (XOM)

T Boone Pickens initiated holdings in Integrated Oil & Gas company Exxon Mobil Corp.. His purchase prices were between $81.44 and $92.2, with an estimated average price of $86.9. The impact to his portfolio due to this purchase was 11.64%. His holdings were 1,640,276 shares as of 09/30/2007.

Exxon Mobil Corporation engages in the exploration, production, transportation, and sale of crude oil and natural gas. It also engages in the manufacture, transportation, and sale of petroleum products and petrochemicals etc. Exxon Mobil Corp. has a market cap of $461.62 billion; its shares were traded at around $86.31 with P/E ratio of 12.22 and P/S ratio of 1.39. The dividend yield of Exxon Mobil Corp. stocks is 1.6%.

New Purchase: Chevron Corp. (CVX)

T Boone Pickens initiated holdings in Integrated Oil & Gas company Chevron Corp.. His purchase prices were between $79.91 and $94.21, with an estimated average price of $87.5. The impact to his portfolio due to this purchase was 6.88%. His holdings were 958,424 shares as of 09/30/2007.

Chevron Corporation operates as an integrated energy company worldwide. The company's Petroleum operations include the exploration, development, production, and marketing of crude oil and natural gas; refining, marketing etc. Chevron Corp. has a market cap of $177.7 billion; its shares were traded at around $86.15 with P/E ratio of 10.28 and P/S ratio of 0.96. The dividend yield of Chevron Corp. stocks is 2.7%.

New Purchase: Foster Wheeler Ltd. (FWLT)

T Boone Pickens initiated holdings in Heavy Construction company Foster Wheeler Ltd.. His purchase prices were between $90.4 and $131.28, with an estimated average price of $115.7. The impact to his portfolio due to this purchase was 3.03%. His holdings were 301,360 shares as of 09/30/2007.

Foster Wheeler, Ltd., through its subsidiaries, primarily provides engineering and construction services to the oil and gas, oil refining, chemical/petrochemical, pharmaceutical, environmental, power generation, and power plant operation and maintainances. Foster Wheeler Ltd. has a market cap of $10.19 billion; its shares were traded at around $145.52 with P/E ratio of 26.98 and P/S ratio of 2.16.

Reduced: DresserRand Group Inc. (DRC)

T Boone Pickens reduced to his holdings in Oil Equipment & Services company DresserRand Group Inc. by 29.09%. His sale prices were between $33.81 and $42.71, with an estimated average price of $38.3. The impact to his portfolio due to this sale was 2.06%. T Boone Pickens still held 812,434 shares as of 09/30/2007.

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 $3.02 billion; its shares were traded at around $36.2 with P/E ratio of 31.41 and P/S ratio of 1.92.

Sold Out: Tesoro Corp. (TSO)

T Boone Pickens sold out his holdings in Exploration & Production company Tesoro Corp.. His sale prices were between $45.33 and $59.08, with an estimated average price of $50.6. The impact to his portfolio due to this sale was less than 0.01%.

Tesoro Corporation and its subsidiaries engage in refining and marketing petroleum products in the United States. It operates in two segments, Refining and Retail. Tesoro Corp. has a market cap of $7.45 billion; its shares were traded at around $56.48 with P/E ratio of 9.90 and P/S ratio of 0.40. The dividend yield of Tesoro Corp. stocks is 0.7%.

Sold Out: Valero Energy Corp. (VLO)

T Boone Pickens sold out his holdings in Exploration & Production company Valero Energy Corp.. His sale prices were between $61.69 and $76.97, with an estimated average price of $69.2. The impact to his portfolio due to this sale was less than 0.01%.

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. Valero Energy Corp. has a market cap of $37 billion; its shares were traded at around $69.5 with P/E ratio of 7.04 and P/S ratio of 0.43. The dividend yield of Valero Energy Corp. stocks is 0.7%.

 


Rating: 3.0/5 (38 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK