T. Boone Pickens’s Latest Energy Plays: Occidental Petroleum Corporation (OXY), Marathon Oil Corporation (MRO)

Page 1 of 2

Hedge fund sentiment is a metric that is underrated by retail investors, and our research shows that these money managers’ consensus picks can beat the market by a significant margin (see the details of our market-beating strategy). Of the 450-plus hedge fund managers we track at Insider Monkey, T. Boone Pickens is in the upper echelon, and one unique aspect of his fund, BP Capital, is that it holds a very concentrated equity portfolio.

At the end of the fourth quarter—the latest 13F filing period from the SEC—Pickens reported holding a little over $100 million in 19 different stocks. Let’s take a look at the hedge fund manager’s key moves over this period.

Meet the new “fab four”

T Boone PickensWe’re used to seeing a moderate level of quarterly turnover in Pickens’s portfolio, and Q4 was no different. BP Capital reported new stakes in Weatherford International Ltd (NYSE:WFT), Occidental Petroleum Corporation (NYSE:OXY), Newfield Exploration Co. (NYSE:NFX), and Marathon Oil Corporation (NYSE:MRO). The hedge fund’s total exposure to these stocks represented close to one-fifth of its entire equity portfolio at the end of Q4, and each is in the green in 2013 thus far.

Weatherford gives Pickens exposure to the oilwell services space on a global scale, and Occidental, Newfield and Marathon cover the oil and gas E&P industry in its entirety. Marathon’s presence in the oil sands segment is an added bonus, and it, along with Occidental, offers a dividend yield in excess of 1.9%. While Marathon seems like the best value of this four, it wouldn’t be a bad bet for “monkeys” to consider this group in tandem, as Pickens has demonstrated.

Range, National Oilwell Varco bull

In addition to these new positions, Pickens and BP Capital also upped their holdings in Range Resources Corp. (NYSE:RRC) and National Oilwell Varco, Inc. (NYSE:NOV) by 63.2% and 287.4% respectively.

What does Wall Street think about this duo?

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Biggest Airports in the World

The 5 Most Gang Infested Cities In America

The 34 Smartest Countries in the World

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!