Permian Investment Partners, LP recently filed their 13F report for the second quarter of 2022, which ended on 2022-06-30.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
295 MADISON AVENUE NEW YORK, NY 10017
As of the latest 13F report, the guru’s equity portfolio contained 14 stocks valued at a total of $613.00Mil. The top holdings were NRG(25.98%), GLNG(14.69%), and APG(14.38%).
According to GuruFocus data, these were Permian Investment Partners, LP’s top five trades of the quarter.
Devon Energy Corp
Permian Investment Partners, LP reduced their investment in NYSE:DVN by 1,873,334 shares. The trade had a 13.27% impact on the equity portfolio. During the quarter, the stock traded for an average price of $65.21.
On 08/16/2022, Devon Energy Corp traded for a price of $63.57 per share and a market cap of $41.63Bil. The stock has returned 139.81% over the past year.
GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 5 out of 10.
In terms of valuation, Devon Energy Corp has a price-earnings ratio of 8.06, a price-book ratio of 4.11, a EV-to-Ebitda ratio of 5.03 and a price-sales ratio of 2.45.
The price-to-GF Value ratio is 1.74, earning the stock a GF Value rank of 1.
Alight Inc
During the quarter, Permian Investment Partners, LP bought 9,429,821 shares of NYSE:ALIT for a total holding of 11,629,821. The trade had a 10.39% impact on the equity portfolio. During the quarter, the stock traded for an average price of $8.22.
On 08/16/2022, Alight Inc traded for a price of $8.7 per share and a market cap of $4.05Bil. The stock has returned -21.97% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 3 out of 10.
In terms of valuation, Alight Inc has a price-earnings ratio of 9999.00, a price-book ratio of 0.94, a EV-to-Ebitda ratio of 13.60 and a price-sales ratio of 1.34.
Golar LNG Ltd
During the quarter, Permian Investment Partners, LP bought 2,719,873 shares of NAS:GLNG for a total holding of 3,956,973. The trade had a 10.1% impact on the equity portfolio. During the quarter, the stock traded for an average price of $23.92.
On 08/16/2022, Golar LNG Ltd traded for a price of $27.43 per share and a market cap of $2.96Bil. The stock has returned 152.81% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 5 out of 10.
In terms of valuation, Golar LNG Ltd has a price-earnings ratio of 4.08, a price-book ratio of 1.44, a EV-to-Ebitda ratio of 5.41 and a price-sales ratio of 8.15.
The price-to-GF Value ratio is 2.89, earning the stock a GF Value rank of 1.
NRG Energy Inc
Permian Investment Partners, LP reduced their investment in NYSE:NRG by 1,155,743 shares. The trade had a 5.31% impact on the equity portfolio. During the quarter, the stock traded for an average price of $40.82.
On 08/16/2022, NRG Energy Inc traded for a price of $42.25 per share and a market cap of $9.93Bil. The stock has returned -0.06% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 7 out of 10.
In terms of valuation, NRG Energy Inc has a price-earnings ratio of 2.98, a price-book ratio of 1.88, a EV-to-Ebitda ratio of 2.98 and a price-sales ratio of 0.35.
The price-to-GF Value ratio is 0.43, earning the stock a GF Value rank of 4.
Bausch Health Companies Inc
Permian Investment Partners, LP reduced their investment in NYSE:BHC by 1,461,212 shares. The trade had a 4% impact on the equity portfolio. During the quarter, the stock traded for an average price of $14.12.
On 08/16/2022, Bausch Health Companies Inc traded for a price of $6.28 per share and a market cap of $2.28Bil. The stock has returned -77.21% over the past year.
GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 5 out of 10.
In terms of valuation, Bausch Health Companies Inc has a price-earnings ratio of 53.93, a EV-to-Ebitda ratio of 7.99 and a price-sales ratio of 0.27.
The price-to-GF Value ratio is 0.28, earning the stock a GF Value rank of 2.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
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