Weekly Guru Bargains Highlights: SLM Corp, Chesapeake Energy Corp, Whole Foods Market Inc, Valero Energy Corp, Atwood Oceanics Inc.

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Sep 21, 2008
Highlight of some of the stocks Gurus bought and prices declines. These days there are plenty of these stocks. Related companies: SLM Corp, Chesapeake Energy Corp, Whole Foods Market Inc, Valero Energy Corp, Atwood Oceanics Inc.


SLM Corp. (SLM, Financial): Down 24% Since Michael Price Bought In the Quarter Ended on 06/30/2008


Michael Price added to his holdings in Consumer Finance company SLM Corp. by 26.06% during the quarter ended 06/30/2008. He owned 520,000 shares of as of 06/30/2008. SLM Corporation is the one of nation's largest private sources of funding and servicing support for higher education loans for students and their parents. SLM Corp. has a market cap of $7.36 billion.


Moody’s Investor Service recently announced that it may cut its ratings for SLM Corp, after the company reduced its commitment amounts for many of the company’s loans. SLM said that commitments under its private education loan ABCP were reduced by over $2 billion.


Michael Price owns 520,000 shares as of 06/30/2008, an increase of 26.06% from the previous quarter. Dodge & Cox owns 48,136,937 shares as of 06/30/2008, an increase of 11.53% from the previous quarter. Brian Rogers owns 7,250,000 shares as of 06/30/2008, which accounts for 0.71% of the $18.74 billion portfolio of T Rowe Price Equity Income Fund. David Tepper and Jean-Marie Eveillard sold out their holdings in the quarter that ended on 06/30/2008. sold out his holdings in the quarter that ended on 06/30/2008.


Director Michael E. Martin bought 30,000 shares of SLM stock on 08/25/2008 at the average price of $14.34; the price of the stock has increased by 9.83% since.


Chesapeake Energy Corp. (CHK, Financial): Down 25% Since Chris Davis Bought In the Quarter Ended on 06/30/2008


Chris Davis initiated holdings in Exploration & Production company Chesapeake Energy Corp. during the quarter ended 06/30/2008. He owned 14,200 shares of as of 06/30/2008. Chesapeake Energy Corp. is an independent oil and gas company engaged in the development exploration acquisition and production of onshore natural gas and oil reserves. The company has a market cap of $24.17 billion; its shares were traded at around $41.73 with P/S ratio of 4.24. The dividend yield of Chesapeake Energy Corp. stocks is 0.7%.


T Boone Pickens bought 1,838,129 shares in the quarter that ended on 06/30/2008, which is 5.72% of the $2.12 billion portfolio of BP Capital. David Tepper bought 1,900,000 shares in the quarter that ended on 06/30/2008. Kenneth Fisher owns 264,064 shares as of 06/30/2008, an increase of 1570.45% from the previous quarter. Ruane Cunniff owns 975,369 shares as of 06/30/2008, an increase of 20.35% from the previous quarter. Jean-Marie Eveillard owns 956,817 shares as of 06/30/2008, an increase of 13.27% from the previous quarter. David Winters owns 1,618,193 shares as of 06/30/2008, which accounts for 14.44% of the $739 million portfolio of Wintergreen Advisors. John Keeley owns 46,100 shares as of 06/30/2008, a decrease of 23.29% of from the previous quarter. David Dreman owns 27,800 shares as of 06/30/2008, a decrease of 58.89% of from the previous quarter. Richard Snow owns 25,160 shares as of 06/30/2008, a decrease of 66.54% of from the previous quarter. Richard Pzena sold out his holdings in the quarter that ended on 06/30/2008.


Chairman & CEO, Director Aubrey K Mcclendon bought 750,000 shares of CHK stock on 07/15/2008 at the average price of $57.25; the price of the stock has decreased by 27.11% since.


Whole Foods Market Inc. (WFMI, Financial): Down 30% Since Ruane Cunniff Bought In the Quarter Ended on 06/30/2008


Ruane Cunniff added to his holdings in Food Retailers & Wholesalers company Whole Foods Market Inc. by 22.66% during the quarter ended 06/30/2008. He owned 3,779,082 shares of as of 06/30/2008. Whole Foods Market is the largest purveyor of natural foods in the world. They own and operate the country's largest chain of natural food supermarkets. It has a market cap of $2.92 billion; its shares were traded at around $20.79 with a P/E ratio of 19.84 and P/S ratio of 0.35.


Grocers recently rose after the Federal Reserve announced that it would keep an important interest rate unchanged. WFMI, Supervalu, and others all rose significantly.


Brian Rogers bought 1,500,000 shares in the quarter that ended on 06/30/2008. Ruane Cunniff owns 3,779,082 shares as of 06/30/2008, an increase of 22.66% from the previous quarter. Chris Davis owns 7,026,879 shares as of 06/30/2008. Mark Hillman owns 1,304,224 shares as of 06/30/2008. Ron Baron owns 61,400 shares as of 06/30/2008, a decrease of 98.35% of from the previous quarter.


Director John Elstrott bought 6,000 shares of WFMI stock on 08/11/2008 at the average price of $18.75; the price of the stock has increased by 10.88% since.


Valero Energy Corp. (VLO, Financial): Down 28% Since Chris Davis Bought In the Quarter Ended on 06/30/2008


Chris Davis initiated holdings in Valero Energy Corp. during the quarter ended 06/30/2008. He owned 50,600 shares of as of 06/30/2008. Valero Energy Corporation owns and operates refineries in the United States and Canada with a combined throughput capacity of approximately 3.1 million BPD making it the nation's top refiners of petroleum products. It has a market cap of $17.88 billion with a P/E ratio of 6.84 and P/S ratio of 0.14. The dividend yield of Valero Energy Corp. stocks is 1.7%.


Valero is continuing trying to get its Houston Refinery restarted after Hurricane Ike affected several of the company’s plants near the Gulf Coast. The company is working very hard on this, but it is expected that production will begin in a couple more days.


Chris Davis bought 50,600 shares in the quarter that ended on 06/30/2008. David Dreman owns 3,288,726 shares as of 06/30/2008, an increase of 23207.8% from the previous quarter. Robert Olstein owns 511,200 shares as of 06/30/2008, an increase of 24.74% from the previous quarter. Kenneth Fisher owns 27,875 shares as of 06/30/2008. Jean-Marie Eveillard sold out his holdings in the quarter that ended on 06/30/2008.


EVP and CFO Michael S Ciskowski sold 37,100 shares of VLO stock on 06/03/2008 at the average price of $52.85; the price of the stock has decreased by 35.33% since.


Atwood Oceanics Inc. (ATW, Financial): Down 23% Since Ken Heebner Bought In the Quarter Ended on 06/30/2008


Ken Heebner initiated holdings in Oil Equipment & Services company Atwood Oceanics Inc. during the quarter ended 06/30/2008. He owned 460,000 shares of as of 06/30/2008. Atwood Oceanics Inc. its international operating subsidiary Atwood Oceanics Pacific Limited and related subsidiaries are engaged in the business of international offshore drilling and completion of exploratory and developmental oil and gas wells as well as related support management and consulting services. The company has a market cap of $2.59 billion; its shares were traded at around $40.4 with a P/E ratio of 13.36 and P/S ratio of 4.91.


Ken Heebner bought 460,000 shares in the quarter that ended on 06/30/2008, which is 0.2% of the $14.5 billion portfolio of CAPITAL GROWTH MANAGEMENT LP. David Dreman owns 525,796 shares as of 06/30/2008, which accounts for 0.24% of the $13.43 billion portfolio of Dreman Value Management. Robert Rodriguez owns 772,400 shares as of 06/30/2008, which accounts for 2.2% of the $1.09 billion portfolio of FPA Capital.