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Tiziano Frateschi
Tiziano Frateschi
Articles (2146)  | Author's Website |

8 Stocks T. Boone Pickens Continues to Buy

Andeavor Logistics tops the list

Legendary oilman T Boone Pickens (Trades, Portfolio)' BP Capital bought shares of the following stocks in both the first quarter of 2018 and fourth quarter of 2017.

Andeavor Logistics LP (NYSE:ANDX)

In the fourth quarter, the guru increased his position by 180.62% and added another 0.90% in the first quarter.

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The midstream oil and gas company has a market cap of $9.31 billion. Its revenue of $3.21 billion has increased by 21.50% over the past five years.

Pickens is the largest shareholder of the company among the gurus with 0.03% of outstanding shares.

TC Pipelines LP (NYSE:TCP)

The investor boosted the holding 49.97% in the fourth quarter and increased it by 25.35% in the first quarter.

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The company, which acquires, owns and manages energy infrastructure assets in North America, has a market cap of $1.9 billion. Its revenue of $425 million has grown by just 0.80% over the past five years.

Enbridge Energy Partners LP (NYSE:EEP)

Pickens added 49.21% to the position in the fourth quarter and added another 51.09% in the first quarter.

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With a market cap of $4.57 billion, the company provides crude oil and liquid petroleum transportation and storage services. Its revenue has declined 27.70% over the past five years.

Kinder Morgan Inc. (NYSE:KMI)

In the fourth quarter, the guru increased his holding by 23.48% and again by 23.81% in the first quarter.

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The company, which transports natural gas and refined petroleum products, has a market cap of $35.76 billion. Its revenue of $13.69 billion has declined 16.20% over the past five years.

The company's largest guru shareholder is Steven Romick (Trades, Portfolio) with 0.53% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 0.14%, Richard Snow (Trades, Portfolio) with 0.13%, Larry Robbins (Trades, Portfolio) with 0.08% and Pioneer Investments (Trades, Portfolio) with 0.03%.

EQT Midstream Partners LP (NYSE:EQM)

The stake was increased by 32.65% in the fourth quarter and by 7.40% in the first quarter.

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With a market cap of $4.35 billion, the company operates, acquires and develops midstream assets in the Appalachian Basin. Its revenue of $863.51 billion has grown 9.50% over the past five years.

With 0.29% of outstanding shares, Chris Davis (Trades, Portfolio) is the company's largest guru shareholder.

Shell Midstream Partners LP (NYSE:SHLX)

Pickens increased the holding by 64.04% in the fourth quarter and then added another 68.61% in the first quarter.

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With a market cap of $4.96 billion, the company owns, operates and develops pipelines and other midstream assets.

Targa Resources Corp. (NYSE:TRGP)

Pickens increased the position by 12.18% in the fourth quarter and added another 7.21% in the first quarter.

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The natural gas producer has a market cap of $10.22 billion. Its revenue of $8.81 billion has fallen 24.90% over the past five years.

Pioneer Investments is another notable guru shareholder of the company with 0.08% of outstanding shares, followed by George Soros (Trades, Portfolio) with 0.03%, Steven Cohen (Trades, Portfolio) with 0.03% and Ron Baron (Trades, Portfolio) with 0.01%.

MPLX LP Partnership Units (NYSE:MPLX)

The guru added 15.12% to the position in the fourth quarter and then added another 2.35% in the first quarter.

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With a market cap of $27.57 billion, the company owns, operates and develops midstream energy infrastructure assets. Its revenue of $4.01 billion has grown 9.90% over the past five years.

Disclosure: I do not own any stocks mentioned in this article.

About the author:

Tiziano Frateschi
You can read about me on www.theextraincome.info, which gives suggestions on position trading.

Visit Tiziano Frateschi's Website


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