The Voice of Energy, T. Boone Pickens Unloads Oil, Gas and Coal

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The portfolio of T. Boone Pickens, BP Capital, currently lists 39 stocks, 20 of them new, with a total value of $102 million with a quarter-over-quarter turnover of 47%.

In an active second quarter of trading, Pickens unloaded energy holdings, reducing nine and selling four, along with sell outs Newmont Mining Corporation ( NEM ) and Apple Inc. ( AAPL ).

T. Boone Pickens made the following major reductions to his energy portfolio in the second quarter of 2013.

Pioneer Natural Resources Company ( PXD ): Reduced 71.6%

Guru Action: As of June 30, 2013, Pickens reduced his position by 71.6%, selling 74,466 shares at an average price of $133.48 for a gain of 27.6%.

He has averaged a gain of 61% on 144,550 shares bought at an average price of $105.94 per share. On shares sold, he averaged a gain of 38% on 115,016 shares sold at an average price of $123.31 per share.

His current shares stand at 29,534.

Devon Energy Corp. ( DVN ): Reduced 61.43%

Guru Action: As of June 30, 2013, Pickens reduced his position by 61.43%, selling 75,129 shares at an average price of $55.7 for a gain of 3.1%.

He has averaged a loss of 18% on 190,007 shares bought at an average price of $69.74 per share. On shares sold, he averaged a loss of 3% on 142,841 shares sold at an average price of $59.02 per share.

His current shares stand at 47,166.

Marathon Petroleum Corp. ( MPC ): Reduced 46.42%

Guru Action: As of June 30, 2013, Pickens reduced his position by 46.42%, selling 74,466 shares at an average price of $133.48 for a gain of 27.6%.

He has averaged a loss of 11.5% on 30,068 shares bought at an average price of $79.85 per share. On shares sold, he averaged a loss of 10% on 64,777 shares sold at an average price of $78.11 per share.

His current shares stand at 34,709.

Valero Energy Corporation ( VLO ): Reduced 68.71%


Guru Action: As of June 30, 2013, Pickens reduced his position by 68.71%, selling 50,034 shares at an average price of $38.10 for a loss of 7.1%.

He has averaged a gain of 50% on 354,955 shares bought at an average price of $23.60 per share. On shares sold, he averaged a loss of 9% on 332,170 shares sold at an average price of $38.73 per share.

His current shares stand at 22,785.


Phillips 66 ( PSX ): Reduced 37.73%


Guru Action: As of June 30, 2013, Pickens reduced his position by 37.73%, selling 30,084 shares at an average price of $62.83 for a loss of 10.4%.

He has averaged a loss of 8% on 79,725 shares bought at an average price of $61.15 per share. On shares sold, he averaged a loss of 10% on 30,084 shares sold at an average price of $62.83 per share.

His current shares stand at 49,641.


Tesoro Corporation ( TSO ): Reduced 35.23%


Guru Action: As of June 30, 2013, Pickens reduced his position by 35.23%, selling 35,105 shares at an average price of $56 for a loss of 12.9%.

He has averaged a loss of 5% on 99,657 shares bought at an average price of $51.50 per share. On shares sold, he averaged a loss of 13% on 35,105 shares sold at an average price of $56.00 per share.

His current shares stand at 64,552.


Gulfport Energy Corporation ( GPOR ): Reduced 30.45%


Guru Action: As of June 30, 2013, Pickens reduced his position by 30.45%, selling 38,060 shares at an average price of $48.98 for a gain of 9.1%.

He has averaged a gain of 30% on 125,000 shares bought at an average price of $40.98 per share. On shares sold, he averaged a gain of 9% on 38,060 shares sold at an average price of $48.98 per share.

His current shares stand at 86,940.


Apache Corporation ( APA ): Reduced 8.32%


Guru Action: As of June 30, 2013, Pickens reduced his position by 8.32%, selling 10,389 shares at an average price of $79.45 for a gain of 0.3%.

He has averaged a gain of 1% on 124,829 shares bought at an average price of $78.91 per share. On shares sold, he averaged a loss of 0% on 10,389 shares sold at an average price of $79.45 per share.

His current shares stand at 114,440.



As of June 30, 2013, T. Boone Pickens also sold out holdings in four energy companies: Occidental Petroleum Corporation ( OXY ), Consol Energy Inc. ( CNX ), Halcon Resources Corp. ( HK ) and Arch Coal Inc. ( ACI ). Check out the rest of Pickens's selling in second quarter 2013.




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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: AAPL , ACI , DVN , NEM , PXD

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