1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Sally Jones
Sally Jones
Articles (580) 

Three Oil Companies Held by One of World’s Richest - Oilman T. Boone Pickens Update

July 18, 2013 | About:

With a net worth of $1.2 billion, oilman and entrepreneur T. Boone Pickens once said, "I like making money more, but giving it away is a close second."

A strong proponent of energy independence and the Keystone Pipeline, and one of the first oilmen to grow his company by acquisitions, T. Boone Pickens’ private investment firm BP Capital, one of several, focuses on investments in energy futures and stocks of public companies in various energy sectors and energy-dependent industries. Here’s an update on the top oil and gas company holdings of T. Boone Pickens, BP Capital, a portfolio heavily weighted in energy at 90.1%, not to be confused with the T. Boone Pickens Energy Fund (TBP.UN).

The portfolio of T. Boone Pickens, BP Capital, currently lists 25 stocks, 14 of them new, with a total value of $101 million with a quarter-over-quarter turnover of 65%.

Here are the top holding details:

No. 1: Pioneer Natural Resources Company (NYSE:PXD)

Weightings: 12.8%

Shares Owned: 104,000

Share Price: $155.50

Up 66% over 12 months, Pioneer Natural Resources Company (NYSE:PXD) has a market cap of $21.12 billion; its shares were traded at around $155.50 with a P/E ratio of 279.10 and P/S ratio of 6.10. Pioneer Natural Resources Company has had an annual average earnings growth of 2% over the past 10 years. GuruFocus rated Pioneer Natural Resources Company the business predictability rank of 3-star.


No. 2: Apache Corporation (NYSE:APA)

Weighting: 9.5%

Shares owned: 124,829

Share Price: $83.24

Pickens owns 0.03% of APA shares outstanding. The holding has been on a losing streak from the second quarter of 2010 up through the third quarter of 2012, finally making a gain of 5.5% in the first quarter of 2013.

Down 4% over 12 months, Apache Corporation (NYSE:APA) has a market cap of $32.43 billion; its shares were traded at around $83.24 with a P/E ratio of 17.50 and P/S ratio of 2.00. The dividend yield of Apache Corporation stocks is 0.90%. Apache Corporation has had an annual average earnings growth of 11.7% over the past 10 years. GuruFocus rated Apache Corporation the business predictability rank of 2.5-star.

No. 3: Goodrich Petroleum Corp. (GDP)

Weightings: 9.3%

Shares Owned: 600,000

Share Price: $13.91

Second only to Chuck Royce, Pickens is the second top Guru shareholder, owning 1.63% of GDP shares outstanding.

Up 9% over 12 months, Goodrich Petroleum Corporation (GDP) has a market cap of $504.4 million; its shares were traded at around $13.91 with and P/S ratio of 2.80.


Here is the complete portfolio of T Boone Pickens.

Also check out:

1. T Boone Pickens's Undervalued Stocks

2. T Boone Pickens's Top Growth Companies

3. T Boone Pickens's High Yield stocks

4. Stocks that T Boone Pickens keeps buying

If you are not yet a Premium Member, we invite you for a 7-day Free Trial.

Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.

GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.

GuruFocus’ Score Board of Gurus shows which investors produced the largest average returns in the past 6 and 12 months, as well as on a historical basis.


About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 4.3/5 (6 votes)


Please leave your comment:

Performances of the stocks mentioned by Sally Jones

User Generated Screeners

althekearoct 17 user defined screen
althekearPE >50th percentile of INDUSTR
althekearLow EV/EBITDA
althekearLynch inspiret Oct 17
althekearsg hk best
althekearDividends Basic
althekearKISS Dividend Strategy
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)

GF Chat