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 (ANDX, Financial)
In the fourth quarter, the guru increased his position by 180.62% and added another 0.90% in the first quarter.
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 (TCP, Financial)
The investor boosted the holding 49.97% in the fourth quarter and increased it by 25.35% in the first quarter.
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 (EEP, Financial)
Pickens added 49.21% to the position in the fourth quarter and added another 51.09% in the first quarter.
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. (KMI, Financial)
In the fourth quarter, the guru increased his holding by 23.48% and again by 23.81% in the first quarter.
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 (EQM, Financial)
The stake was increased by 32.65% in the fourth quarter and by 7.40% in the first quarter.
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 (SHLX, Financial)
Pickens increased the holding by 64.04% in the fourth quarter and then added another 68.61% in the first quarter.
With a market cap of $4.96 billion, the company owns, operates and develops pipelines and other midstream assets.
Targa Resources Corp. (TRGP, Financial)
Pickens increased the position by 12.18% in the fourth quarter and added another 7.21% in the first quarter.
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 (MPLX, Financial)
The guru added 15.12% to the position in the fourth quarter and then added another 2.35% in the first quarter.
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.
