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T Boone Pickens Increases Holdings in Four

August 14, 2013 | About:
Monica Wolfe

Monica Wolfe

133 followers
Guru T Boone Pickens made a lot of changes to his portfolio during the second quarter. The guru sold out of six companies and in return made 20 new buys. According to his second quarter portfolio, released earlier today, Pickens now owns 39 stocks valued at $102 million.

During the second quarter, T Boone Pickens upped his stake in four companies: FCX, DOW, CXO and APC.

Freeport-McMoRan Copper & Gold (FCX)

During the second quarter, T Boone Pickens made the largest increase to his position in Freeport-McMoRan Copper & Gold. The guru upped his stake in the company 127.85% by purchasing a total of 10,100 shares. He bought these shares when the price was trading at an estimated average price of $30.52 per share. The price per share has increased approximately 3.5% from this price.

Pickens now holds on to a total of 18,000 shares of FCX, representing a small 0.49% of his total portfolio. Pickens’ holding history as of the second quarter:

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The company is engaged in the mining of copper, gold and molybdenum.

Freeport-McMoRan Copper & Gold’s historical revenue and net income:

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The Peter Lynch Chart suggests that FCX is currently undervalued:

1376513663301.png

Freeport-McMoRan Copper & Gold has a market cap of $32.79 billion. Its shares are currently trading at around $31.59 with a P/E ratio of 11.20, a P/S ratio of 1.70 and a P/B ratio of 1.50. The company currently holds a 4.00% dividend yield.

Dow Chemical (DOW)

Pickens’ second largest increase of the second quarter came from Dow Chemical. The guru increased his position 92.11% by adding 3,500 shares to his holdings. The guru purchased these shares at an average price of $33.29 per share. The price per share is up 13.2%.

Pickens still holds on to a small 7,300 shares of Dow Chemical. His holdings in the company represent 0.23% of his total portfolio.

Pickens’ holding history as of the second quarter:

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The Company is engaged in the manufacture and sale of chemicals, plastic materials, agricultural products and services, advanced materials and other specialized products and services.

Dow Chemical’s historical revenue and net income:

1376514200466.png

The Peter Lynch Chart suggests that the company is currently overvalued:

1376514241103.png

Dow Chemical has a market cap of $45.61 billion. Its shares are currently trading at around $37.69 with a P/E ratio of 17.30, a P/S ratio of 0.80 and a P/B ratio of 2.50. The company had an annual average earnings growth of 11.8% over the past five years.

Concho Resources (CXO)

During the second quarter, T Boone Pickens increased his position in Concho Resources by 32.04%. The guru purchased a total of 14,417 shares while they were trading at an estimated average price of $85.40 per share. The share price has increased 9.5% since then.

Pickens currently holds 59,417 shares of Concho, representing 0.06% of the company’s shares outstanding and 4.9% of his total portfolio. Pickens’ holding history as of the second quarter:

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It is an independent oil and natural gas company, which is engaged in the acquisition, development, exploitation and exploration of producing oil and natural gas properties.

Concho’s historical revenue and net income:

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The Peter Lynch Chart shows that Concho Resources currently appears to be overvalued:

1376514829164.png

Concho Resources has a market cap of $9.82 billion. Its shares are currently trading at around $93.53 with a P/E ratio of 53.80, a P/S ratio of 4.90 and a P/B ratio of 3.00. The company had an annual average earnings growth of 33.6% over the past five years.

Anadarko Petroleum (APC)

Pickens made his last increase of the second quarter in Anadarko Petroleum. The guru upped his position in the company by 21.28%. Pickens purchased a total of 9,575 shares in the price range of $79.47 to $91.46 per share.

The guru now holds a total of 54,575 shares of Anadarko, representing 0.01% of the company’s shares outstanding and 4.6% of his total portfolio.

Andarko Petroleum is an independent oil and gas exploration and production company.

Anadarko Petroleum’s historical revenue and net income:

1376515804115.png

The Peter Lynch Chart shows that the company currently appears to be overvalued:

1376515875377.png

Anadarko Petroleum has a market cap of $44.73 billion. Its shares are currently trading at around $88.98 per share with a P/E ratio of 26.10, a P/S ratio of 3.20 and a P/B ratio of 2.20.

You can check out T Boone Pickens’ complete second quarter portfolio here.

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