FPA Capital Fund (Trades, Portfolio) invested in three companies that are new to its portfolio during the quarter ended Sept. 30 – Noble Energy Inc. (NBL, Financial), Patterson-UTI Energy Inc. (PTEN, Financial) and Barnes & Noble Inc. (BKS, Financial).
FPA Capital Fund (Trades, Portfolio) bought 1,060,863 shares of Noble Energy, a Houston-based oil and natural gas company, for an average price of $34.41 per share. The purchase had a 4.74% impact on FPA Capital’s portfolio.
Noble Energy has a market cap of $13.72 billion and an enterprise value of $18.56 billion. It has a P/E of 18.9, a forward P/E of 500, a P/B of 1.2 and a P/S of 3.4. GuruFocus has given Noble Energy a Financial Strength rating of 5/10 and a Profitability and Growth rating of 7/10.
Steven Cohen (Trades, Portfolio), PRIMECAP Management (Trades, Portfolio), George Soros (Trades, Portfolio), Meridian Funds (Trades, Portfolio), RS Investment Management (Trades, Portfolio), Stanley Druckenmiller (Trades, Portfolio), Diamond Hill Capital (Trades, Portfolio), Paul Singer (Trades, Portfolio), Ray Dalio (Trades, Portfolio), Louis Moore Bacon (Trades, Portfolio), Ron Baron (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) have shares of Noble Energy in their portfolios.
Last week Argentina accused Noble Energy of operating illegally in the Falkland Islands. Argentina has long maintained that energy companies have been looking for crude oil offshore without the South American republic’s permission.
FPA Capital invested in 1,890,950 shares of Patterson-UTI Energy, a Houston-headquartered operator of land-based oil and gas drilling rigs, for an average price of $15.85 per share. The transaction had a 3.68% impact on FPA Capital’s portfolio.
Patterson-UTI Energy has a market cap of $2.35 billion and an enterprise value of $3.15 billion. It has a P/E of 36.6, a forward P/E of 18.8, a P/B of 0.8 and a P/S of 0.8. GuruFocus has given Patterson-UTI Energy a Financial Strength rating of 5/10 and a Profitability and Growth rating of 7/10.
Kahn Brothers (Trades, Portfolio), Kyle Bass (Trades, Portfolio), Jim Simons (Trades, Portfolio), T Boone Pickens (Trades, Portfolio), Mario Gabelli (Trades, Portfolio), Prem Watsa (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio) and Steven Cohen (Trades, Portfolio) have shares of Patterson-UTI Energy in their portfolios.
FPA Capital purchased a 343,940-share stake in Barnes & Noble, a Manhattan-based retailer of print and digital media, for an average price of $16.05 per share. The acquisition had a 0.62% impact on FPA Capital’s portfolio.
Barnes & Noble has a market cap of $972.37 million and an enterprise value of $935.18 million. It has a P/E of 708.3, a forward P/E of 294.1, a P/B of 0.7 and a P/S of 0.1. GuruFocus has given Barnes & Noble a Financial Strength rating of 8/10 and a Profitability and Growth rating of 5/10.
David Abrams (Trades, Portfolio), Jim Simons (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), Jeremy Grantham (Trades, Portfolio), First Pacific Advisors (Trades, Portfolio), Michael Price (Trades, Portfolio), Mario Gabelli (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) have shares of Barnes & Noble in their portfolios.
Barnes & Noble announced Monday that, by the end of this year, it will close its last Washington, D.C. college bookstore that is not located on a campus.
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