Oil prices that started to dip in June have fallen to five-year lows as the world produces more than expected and uses less than expected, and U.S. shale operations add excess supply to the market. The drop continued on Monday, as U.S. oil stocks fell 3.3% on Monday, to close at $55.91 a barrel.
Many oil stocks have also declined in price in tandem with the crude oil slump. The SPDR S&P Oil & Gas Explore and Producer ETF (XOP, Financial) declined 38% year to date.
Consequently, stocks in the out-of-favor sector have gained attractiveness for some value investors. According to the GuruFocus All-In-One Screener, the oil and energy stocks that the most gurus purchased in the third quarter are: Schlumberger NV (SLB, Financial), Anadarko Petroleum Corp (APC, Financial), National Oilwell Varco Corp (NOV, Financial) and Petroleon Brasileiro SA Petrobras (PBR, Financial).
Schlumberger NV (SLB, Financial)
Fifteen gurus bought shares of Schlumberger NV in the third quarter. The biggest buyer was Jim Chanos (Trades, Portfolio), who made the stock 3.4% of his long portfolio with 85,072 purchased shares.
Schlumberger NV was founded in 1926. The company is a supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry. Schlumberger NV has a market cap of $102.81 billion; its shares were traded at around $79.90 with a P/E ratio of 15.50 and P/S ratio of 2.20. The dividend yield of Schlumberger NV stocks is 2.0%. Schlumberger NV had an annual average earnings growth of 12.10% over the past 10 years. GuruFocus rated Schlumberger NV the business predictability rank of 3-star.
Anadarko Petroleum Corp (APC, Financial)
Fourteen gurus added shares of Anadarko Petroleum Corp to their portfolios in the third quarter. The largest holder is T. Boone Pickens, who has made the stock 9.3% of his portfolio and increased the position size by 9.9% in the third quarter.
Anadarko Petroleum Corp was incorporated in the State of Delaware. Anadarko Petroleum Corp has a market cap of $36.47 billion; its shares were traded at around $72.01 with and P/S ratio of 2.00. The dividend yield of Anadarko Petroleum Corp stocks is 1.40%. Anadarko Petroleum Corp had an annual average earnings growth of 12.20% over the past five years.
National Oilwell Varco Corp (NOV, Financial)
Sixteen gurus purchased National Oilwell Varco Corp in the third quarter. The largest new purchaser is John Hussman (Trades, Portfolio), who made the position 0.33% of his portfolio.
National Oilwell Varco Inc., a Delaware corporation incorporated in 1995, is a provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry. National Oilwell Varco Inc. has a market cap of $26.67 billion; its shares were traded at around $61.93 with a P/E ratio of 10.40 and P/S ratio of 1.20. The dividend yield of National Oilwell Varco Inc. stocks is 2.70%. National Oilwell Varco Inc. had an annual average earnings growth of 23.0% over the past 10 years. GuruFocus rated National Oilwell Varco Inc. the business predictability rank of 2.5-star.
Petroleo Brasileiro SA Petrobras (PBR, Financial)
Eight gurus bought shares of Petroleo Brasileiro in the third quarter. The largest new buy was by Caxton Associates (Trades, Portfolio), who made it 3.5% of their portfolio.
Petroleo Brasileiro SA Petrobras was incorporated in 1953. Petroleo Brasileiro SA Petrobras has a market cap of $40.83 billion; its shares were traded at around $6.26 with a P/E ratio of 6.0 and P/S ratio of 0.40. Petroleo Brasileiro SA Petrobras had an annual average earnings growth of 1.20% over the past 10 years.
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