Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s (dated 3-31-2019). This week we’ll take a look at:
ConocoPhillips (NYSE: COP)
ConocoPhillips is a U.S.-based independent exploration and production firm. In 2018, it produced 818,000 barrels per day of oil and natural gas liquids and 2.8 billion cubic feet per day of natural gas, primarily from Alaska and the Lower 48 in the United States, the U.K. and Norway in Europe and several countries in Asia-Pacific and the Middle East. Proven reserves at year-end 2018 stood at 4.9 billion barrels of oil equivalent.
A quick look at the price chart below for ConocoPhillips shows us that the stock is down 19% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 8.41 which means that it remains undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in ConocoPhillips include:
Cliff Asness – 7,371,711 total shares
Ken Fisher – 3,975,758 total shares
Jim Simons – 3,731,213 total shares
Jean-Marie Eveillard – 3,363,944 total shares
Ken Griffin – 2,443,255 total shares
Steve Cohen – 2,374,878 total shares
Donald Yacktman – 2,243,297 total shares
Joel Greenblatt – 381,600 total shares
Ray Dalio – 203,575 total shares
Lee Ainslie – 82,480 total shares
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