Andreas Halvorsen (Trades, Portfolio), founding partner and CIO of Viking Global Investors LP, made two huge new buys in energy companies on Jan. 11.
The guru purchased 35,515,793 shares of Southwestern Energy Co. (SWN, Financial), a Houston-based oil and gas company, for $6.54 per share, and he acquired a 30,853,936-share stake in Cabot Oil & Gas Corp. (COG, Financial), also a Houston-based oil and gas company, for $16 per share.
Halvorsen’s stake in Southwestern is 9.24% of the company’s outstanding shares and 0.88% of the guru’s total assets. The acquisition, which had a 0.88% impact on Halvorsen’s portfolio, made him Southwestern’s largest shareholder among the gurus.
Southwestern has a forward P/E of 41.3, a P/B of 0.7 and a P/S of 0.9. GuruFocus gives Southwestern a Financial Strength rating of 4/10 and a Profitability and Growth rating of 6/10.
Southwestern sold for $8.76 per share at midday Friday.
Halvorsen’s purchase of Cabot Oil & Gas had a 1.86% impact on his portfolio. Previously he owned a smaller stake in the company but divested himself of it in 2012.
Cabot Oil & Gas has a forward P/E of 11.5, a P/B of 3.8 and a P/S of 4.7. GuruFocus gives Cabot Oil & Gas a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.
The purchase, which had a 1.86% impact on Halvorsen’s portfolio, made him the company’s leading shareholder among the gurus. He replaced Chris Davis (Trades, Portfolio) as the leading guru shareholder. Davis has 28,315,463 shares in his portfolio.
Davis was one of four gurus who added to his position in the company in the third quarter.
Cabot Oil & Gas sold for $19.33 per share Friday afternoon.
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