National-Oilwell Varco, Inc. (NYSE:NOV), a top maker of oil and gas drilling and oil-field services equipment, offers much to like, such as a big and growing backlog and its massive market share as a supplier of rig equipment. It recently doubled its dividend and is poised to profit as recent shale oil finds lead to production growth. The drilling specialist has even been providing thousands of pumping stations to areas where people are living without sufficient access to clean water.
Finally, Fisher Asset Management’s biggest closed positions included Naspers Limited (ADR) (OTCMKTS:NPSNY) and Brinker International, Inc. (NYSE:EAT). Other closed positions of interest include Southern Copper Corp (NYSE:SCCO), which has been whacked by falling copper prices and a slowdown in China as it reported first-quarter net profits down 20%. It’s planning to nearly double its production over the next few years, and has been taking on a lot more debt as it invests in infrastructure. The stock recently yielded 2.9% and seems fairly valued. The company may shut a Peruvian foundry and refinery due to pollution-control regulations, though, which could hurt its results.
The article Here’s What One of the Richest Americans Has Been Buying originally appeared on Fool.com is written by Selena Maranjian.
Longtime Fool contributor Selena Maranjian, whom you can follow on Twitter, owns shares of Gilead Sciences. The Motley Fool recommends Gilead Sciences and PetSmart. It recommends and owns shares of National Oilwell Varco.
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