Saturday, December 03, 2011

Stock Owned by both T. Boone Pickens and Warren Buffett

T. Boone Pickens, is chairman the hedge fund BP Capital Management. He was formerly involved in takeovers and was considered a corporate raider during the 1980s. He is ranked by Forbes as one of the 400 richest people in America. Born in Oklahoma, his first job was as a paperboy. After graduating from college, he started working for Phillips Petroleum, then became a wildcatter. He has recently been a supporter of windfarms.

Berkshire Hathaway's (BRK-A) (BRK-B) Warren Buffett is considered to be the top investor in the world and the world's third richest person. He started his career as a child selling various items door-to-door, running a paper route like Pickens, detailing cars, and selling golf balls. According to the latest list of Warren Buffett Berkshire Hathaway stocks at, there is one stock that Buffett and Pickens agree on.

Pickens has decided to follow in the footsteps of Buffett by recently buying one of Berkshire's holdings, ExxonMobil (XOM). The stock trades at 9.5 times forward earnings and pays a favorable yield of 2.4%. In May of this year, the company raised its dividend by 6.8%. Regular quarterly dividends have been paid for over 40 years.

Earnings for the latest quarter were up 40.5% on a revenue increase of 31.5%. Selling at slightly less than $80 per share at the time this article was written, the stock has a mean price target by analysts of $90 per share. ExxonMobil currently holds over $11 billion in cash.

For a free list of stocks that Warren Buffett owns, which can be downloaded, sorted, and updated, go to

Disclosure: Author did not own any of the above at the time the article was written.


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