T Boone Pickens (Trades, Portfolio) is an American businessman who chairs the private equity firm BP Capital Management. He manages a portfolio composed of 51 stocks with a total value of $218 million. During the first quarter the guru traded the following stocks:
The investor closed his Superior Energy Services Inc. (SPN) holding with an impact of -3.36% on the portfolio.
The company is a provider of specialized oilfield services and equipment. It operates four segments: Drilling Products and Services; Onshore Completion and Workover Services; Production Services; Subsea and Technical Solutions.
GuruFocus gives the stock a profitability and growth rating of 3 out of 10. The return on equity (ROE) of -57.41% and return on assets (ROA) of -23.16% are underperforming 86% of the companies in the Global Oil and Gas Equipment and Services industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.12 is below the industry median of 0.55.
The largest shareholder among the gurus is Richard Pzena (Trades, Portfolio) with 2.58% of outstanding shares followed by HOTCHKIS & WILEY with 0.87%, Jim Simons (Trades, Portfolio) with 0.64%, Steven Cohen (Trades, Portfolio) with 0.4% and Mariko Gordon (Trades, Portfolio) with 0.12%.
The position in Newell Brands Inc. (NWL) was closed with an impact of -2.87% on the portfolio.
It is a marketer of consumer and commercial products including markers and highlighters, pens and pencils, art products, food storage and home storage products, industrial bandsaw blades, strollers and hygiene systems among others.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10. While the ROE of 11.76% is outperforming the sector, ROA of 3.73% is underperforming 52% of the companies in the Global Household and Personal Products industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.06 is below the industry median of 0.67.
Lee Ainslie (Trades, Portfolio) is the largest shareholder among the gurus with 0.68% of outstanding shares followed by Diamond Hill Capital (Trades, Portfolio) with 0.48%, Simons with 0.26%, PRIMECAP Management (Trades, Portfolio) with 0.22%, Barrow, Hanley, Mewhinney & Strauss with 0.18%, Joel Greenblatt (Trades, Portfolio) with 0.15%, Murray Stahl (Trades, Portfolio) with 0.13%, RS Investment Management (Trades, Portfolio) with 0.08% and Pioneer Investments (Trades, Portfolio) with 0.03%.
The investor boosted his position in Enterprise Products Partners LPĂ‚ (EPD) by 204.54%. The trade had an impact of 2.82% on the portfolio.
It is an energy company that provides services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil and certain petrochemicals.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10. The ROE of 11.94% and ROA of 5.10% are outperforming 62% of the companies in the Global Oil & Gas Midstream industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.44 is above the industry median of 0.40.
Simons is the largest shareholder among the gurus with 0.06% of outstanding shares followed by RS Investment Management with 0.04%, NWQ Managers (Trades, Portfolio) with 0.03% and Pickens with 0.02%.
The guru closed his position in National Oilwell Varco Inc. (NOV) with an impact of -2.75% on the portfolio.
The company is a provider in the design, manufacture and sale of equipment and components used in oil and gas drilling, completion and production operations and the provision of oilfield services to the upstream oil and gas industry.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10. The ROE of -16.07% and ROA of -10.71% are underperforming 65% of the companies in the Global Oil and Gas Equipment and Services industry. Financial strength has a rating of 5 out of 10 with a cash-debt ratio of 0.46 that is below the industry median of 0.55.
The largest shareholder among the gurus is Dodge & Cox with 8.25% of outstanding shares followed by First Eagle Investment (Trades, Portfolio) with 6.86%, Bill Nygren (Trades, Portfolio) with 1.43%, John Rogers (Trades, Portfolio) with 0.42%, PRIMECAP Management with 0.27%, Simons with 0.09% and John Buckingham (Trades, Portfolio) with 0.04%.
The guru reduced his holding in WPX Energy Inc. Class AĂ‚ (WPX) by 60.36%. The transaction had an impact of -2.64% on the portfolio.
The U.S.-based company is an oil and gas producer. It also offers natural gas on a nominal basis.
GuruFocus gives the stock a profitability and growth rating of 2 out of 10. While the ROE of -14.34% is underperforming the sector, ROA of -6.43% is outperforming 55% of the companies in the Global Oil and Gas E&P industry. Financial strength has a rating of 3 out of 10. The cash-debt ratio of 0.06 is below the industry median of 0.72.
Cohen is the largest shareholder among the gurus with 5.17% of outstanding shares followed by Donald Smith (Trades, Portfolio) with 0.93%, Leon Cooperman (Trades, Portfolio) with 0.52%, Simons with 0.3% and Pickens with 0.1%.
The investor cut his position in Sunoco LPĂ‚ (SUN) by 74.25% with an impact of -2.61% on the portfolio.
The company is engaged in retail sale of motor fuels and merchandise through company-operated convenience stores and retail fuel sites, wholesale distribution of motor fuels to convenience stores, independent dealers, commercial customers and distributors.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10. The ROE of -20.67% and ROA of -5.34% are underperforming 92% of the companies in the Global Oil and Gas Refining and Marketing industry. Financial strength has a rating of 4 out of 10 with a cash-debt ratio of 0.02 that is below the industry median of 0.53.
Another notable shareholder among the gurus is Stahl with 0.02% of outstanding shares.
The guru purchased 222,614 shares in Huntsman Corp. (HUN) with an impact of 2.15% on the portfolio.
It is a manufacturer of differentiated organic chemical products and of inorganic chemical products. It operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects and Pigments and Additives.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10. While the ROE of 23.52% is outperforming the sector, ROA of 3.61% is underperforming 56% of the companies in the Global Chemicals industry. Financial strength has a rating of 5 out of 10 with a cash-debt ratio of 0.11 that is below the industry median of 0.90.
David Tepper (Trades, Portfolio) is the largest shareholder among the gurus with 2.2% of outstanding shares followed by Alan Fournier (Trades, Portfolio) with 1.01%, Chuck Royce (Trades, Portfolio) with 0.33%, Cohen with 0.24%, Greenblatt with 0.16%, Keeley Asset Management Corp (Trades, Portfolio) with 0.15% and Mario Gabelli (Trades, Portfolio) with 0.11%.
The investor started a 168,192-share position in Parsley Energy Inc. Class AĂ‚ (PE) impacting the portfolio by 2.51%.
It is an independent oil and natural gas company. It is engaged in acquisition, development and exploitation of unconventional oil and natural gas reserves in the Permian Basin.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10. The ROE of -1.12% and ROA of -0.63% are outperforming 68% of the companies in the Global Oil and Gas E&P industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 1.28 is above the industry median of 0.72.
The largest shareholder among the gurus is John Burbank (Trades, Portfolio) with 1.6% of outstanding shares followed by Cohen with 0.86%, Daniel Loeb (Trades, Portfolio) with 0.8%, Keeley Asset Management with 0.32%, Cooperman with 0.06% and Ron Baron (Trades, Portfolio) with 0.06%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
