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. This week we’ll take a look at:
BP plc (NYSE: BP)
BP is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2019, it produced 2.3 million barrels of liquids and 9.5 billion cubic feet of natural gas per day, including volumes from its 20% ownership interest in Rosneft. At year-end 2018, reserves stood at 19.9 billion barrels of oil equivalent, 57% of which are liquids. The company operates refineries with a capacity of 1.9 million barrels of oil per day.
A quick look at the price chart below for BP shows us that the stock is down 41% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 8.51, which means that it’s undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in BP:
Jim Simons – 13,904,393 shares
Ken Fisher – 9,430,482 shares
Jeffrey Ubben – 2,772,000 shares
Ken Griffin – 1,776,364 shares
Khan Brothers – 1,628,462 shares
Steve Cohen – 597,522 shares
Murray Stahl – 50,102 shares
Ray Dalio – 43,944 shares
Mario Gabelli – 26,000 shares
Paul Tudor Jones – 8,676 shares
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