ຮຸ້ນພະລັງງານທີ່ມັກຂອງ David Tepper

Summary

  • The energy sector has the third-largest representation in Tepper’s equity portfolio.
  • Energy Transfer and EQTEQT
    are among his top 10 holdings.

David tepper (ການຊື້ຂາຍ, ກຸ່ມ)’s Appaloosa Management, the Florida-based hedge fund founded in 1993, has earned an international reputation for producing strong returns among Wall Street investors.

ເປັນທີ່ຮູ້ຈັກສໍາລັບການເປັນຜູ້ຊ່ຽວຊານດ້ານຫນີ້ສິນທີ່ມີຄວາມຫຍຸ້ງຍາກ, ເອກະສານສະແດງໃຫ້ເຫັນບໍລິສັດມະຫາເສດຖີຂອງ guru ສຸມໃສ່ການລົງທຶນໃນຫຼັກຊັບແລະຫນີ້ສິນຂອງບໍລິສັດທີ່ມີຄວາມຫຍຸ້ງຍາກ, ໃບຢັ້ງຢືນການແລກປ່ຽນ, ທາງເລືອກ, ບັນທຶກໃນອະນາຄົດແລະພັນທະບັດຂີ້ເຫຍື້ອ. ໃນປີ 2019, Tepper ໄດ້ປ່ຽນກອງທຶນ hedge ຂອງລາວເປັນຫ້ອງການຄອບຄົວເປັນຜົນມາຈາກການເປັນເຈົ້າຂອງທີມບານເຕະ Carolina Panthers NFL.

As of the end of the second quarter, the energy sector had the third-largest representation in Tepper’s $1.59 billion equity portfolio with a 22.65% weight.

According to his 13F filing for the three months ended June 30, Tepper’s five largest energy holdings, excluding warrants, are Energy Transfer LP (ET, ທາງດ້ານການເງິນ), EQT Corp. (EQT, ທາງດ້ານການເງິນ), Occidental Petroleumoxy
ບໍລິສັດ (oxy, ທາງດ້ານການເງິນ), Antero ResourcesAR
ບໍລິສັດ (AR, ທາງດ້ານການເງິນ) and Enterprise Products Partners LPເອດີບີ
(ເອດີບີ, ທາງດ້ານການເງິນ).

ນັກລົງທຶນຄວນຮູ້ວ່າການຍື່ນ 13F ບໍ່ໄດ້ໃຫ້ຮູບພາບຄົບຖ້ວນສົມບູນຂອງການຖືຄອງຂອງບໍລິສັດຍ້ອນວ່າບົດລາຍງານພຽງແຕ່ປະກອບມີຕໍາແຫນ່ງຂອງຕົນໃນຫຼັກຊັບສະຫະລັດແລະໃບຮັບເງິນຝາກຂອງອາເມລິກາ, ແຕ່ພວກເຂົາຍັງສາມາດໃຫ້ຂໍ້ມູນທີ່ມີຄຸນຄ່າໄດ້. ນອກຈາກນັ້ນ, ບົດລາຍງານພຽງແຕ່ສະທ້ອນໃຫ້ເຫັນເຖິງການຊື້ຂາຍແລະການຖືຄອງໃນວັນທີການຍື່ນຫຼັກຊັບຫຼ້າສຸດ, ເຊິ່ງອາດຈະເປັນຫຼືອາດຈະບໍ່ໄດ້ຈັດຂຶ້ນໂດຍບໍລິສັດລາຍງານໃນມື້ນີ້ຫຼືແມ້ກະທັ້ງໃນເວລາທີ່ບົດຂຽນນີ້ຖືກຕີພິມ.

ການໂອນພະລັງງານ

The guru boosted his Energy Transfer (ET, ທາງດ້ານການເງິນ) position by 11.50% during the second quarter, bringing the total stake to 10.27 million shares. The position accounts for 6.43% of the equity portfolio and is now the sixth-largest holding. GuruFocus estimates Tepper has lost 4.05% on the long-held investment.

The Dallas-based midstream energy company has a $36.25 billion market cap; its shares were trading around $11.85 on Tuesday with a price-earnings ratio of 9.39, a price-book ratio of 1.12 and a price-sales ratio of 0.43.

ເສັ້ນມູນຄ່າ GFVALU
suggests the stock is fairly valued currently based on historical ratios, past financial performance and analysts’ future earnings projections.

GuruFocus rated Energy Transfer’s financial strength 4 out of 10. In addition to weak interest coverage, the low Altman Z-Score of 1.33 warns the company could be at risk of bankruptcy in the near term. The weighted average cost of capital also overshadows the return on invested capital, so it is struggling to create value as it grows.

The company’s profitability fared better, scoring a 7 out of 10 rating due to operating margin expansion, returns on equity, assets and capital that top over half of its competitors and a high Piotroski F-Score of 7 out of 9, indicating conditions are healthy. Since revenue per share has declined in recent years, Energy Transfer’s predictability rank of one out of five stars is on watch. According to GuruFocus, companies with this rank return an average of 1.1% annually over a 10-year period.

Of the gurus invested in Energy Transfer, David Abrams (ການຊື້ຂາຍ, ກຸ່ມ) ມີຮຸ້ນທີ່ໃຫຍ່ທີ່ສຸດທີ່ມີ 0.72% ຂອງຮຸ້ນທີ່ຍັງຄ້າງຄາ. Leon Cooperman (ການຊື້ຂາຍ, ກຸ່ມ) ແລະ Francisco Garcia Parames (ການຊື້ຂາຍ, ກຸ່ມ) ຍັງມີຕໍາແຫນ່ງທີ່ສໍາຄັນໃນຫຼັກຊັບ.

EQT

The investor curbed his EQT (EQT, ທາງດ້ານການເງິນ) stake by 27.57% during the quarter to 2.85 million shares. The holding accounts for 6.15% of the equity portfolio and is Tepper’s seventh-largest position. GuruFocus data shows he has gained approximately 82.89% on the investment since establishing it in the fourth quarter of 2020.

The natural gas producer, which is headquartered in Pittsburgh, has a market cap of $17.12 billion; its shares were trading around $46.86 on Tuesday with a price-book ratio of 1.89 and a price-sales ratio of 1.68.

According to the GF Value chart, the stock is significantly overvalued currently.

EQT’s financial strength was rated 5 out of 10 by GuruFocus. Although the company has issued new long-term debt in recent years, it is manageable due to adequate interest coverage. The low Altman Z-Score of 0.89, however, warns it could be at risk of bankruptcy. The ROIC also eclipses the WACC, so value creation is occurring.

The company’s profitability scored a 6 out of 10 rating, driven by strong margins and returns that top a majority of industry peers. EQT also has a moderate Piotroski F-Score of 6, indicating conditions are stable despite recording losses in operating income, and a one-star predictability rank.

ດ້ວຍຫຸ້ນ 2.03%, Daniel Loeb (ການຊື້ຂາຍ, ກຸ່ມ) is EQT’s largest guru shareholder. Other guru investors with notable positions include Steve Mandel (ການຊື້ຂາຍ, ກຸ່ມ) ແລະ Jim Simons (ການຊື້ຂາຍ, ກຸ່ມ)' ເຕັກໂນໂລຊີ Renaissance.

Occidental Petroleum

In the third quarter, Tepper trimmed his Occidental Petroleum (oxy, ທາງດ້ານການເງິນ) holding by 69.19% to 875,000 shares. The position accounts for 3.23% of the equity portfolio. According to GuruFocus, he has gained an estimated 189.04% on the investment so far.

The Houston-based oil and gas producer has a $58.07 billion market cap; its shares were trading around $63.67 on Tuesdaywith a price-earnings ratio of 5.96, a price-book ratio of 3.21 and a price-sales ratio of 1.80.

ອີງຕາມເສັ້ນມູນຄ່າ GF, ຫຼັກຊັບປະກົດວ່າມີການປະເມີນມູນຄ່າເລັກນ້ອຍໃນປະຈຸບັນ.

GuruFocus rated Occidental’s financial strength 5 out of 10. Despite having sufficient interest coverage, the Altman Z-Score of 2.02 suggests it is under some pressure since assets are building up at a faster rate than revenue is growing. However, value is being created since the ROIC exceeds the WACC.

The company’s profitability fared better with a 7 out of 10 rating, driven by strong margins and returns that top a majority of competitors. Occidental also has a high Piotroski F-Score of 7 and a one-star predictability rank.

Buffett is the company’s largest guru shareholder with a 29.22% stake. Dodge & Cox, the ກອງທຶນມູນຄ່າ Smead (ການຊື້ຂາຍ, ກຸ່ມ) ແລະ John Paulson (ການຊື້ຂາຍ, ກຸ່ມ) also have large investments in Occidental.

ຊັບພະຍາກອນ Antero

The guru slimmed his Antero Resources (AR, ທາງດ້ານການເງິນ) stake by 27.85% in the second quarter. Now holding 1.43 million shares, the position has 2.74% weight in the equity portfolio. GuruFocus indicates Tepper has gained around 105.84% on the investment since the first quarter of 2021.

The oil and natural gas producer, which is headquartered in Denver, has a market cap of $10.99 billion; its shares were trading around $36.80 on Tuesday with a price-earnings ratio of 13.36, a price-book ratio of 1.84 and a price-sales ratio of 1.52.

ສາຍມູນຄ່າ GF ຊີ້ໃຫ້ເຫັນວ່າຮຸ້ນໃນປະຈຸບັນມີລາຄາຖືກຫຼາຍ.

Antero’s financial strength and profitability were both rated 5 out of 10 by GuruFocus. Despite having a comfortable level of interest coverage, the Altman Z-Score of 1.690 warns the company could be in danger of bankruptcy. Value is also being created since the ROIC surpasses the WACC.

The company is supported by margins and returns that top a majority of industry peers. Antero also has a high Piotroski F-Score of 8 as well as a one-star predictability rank.

Of the gurus invested in Antero Resources, Simons’ firm has the largest stake with 1.17% of its outstanding shares. Loeb, ສະຕີເວັນເຄນ (ການຊື້ຂາຍ, ກຸ່ມ), Ken Heebner (ການຊື້ຂາຍ, ກຸ່ມ) ແລະ Stanley Druckenmiller (ການຊື້ຂາຍ, ກຸ່ມ) ຍັງມີການຖືຄອງຂະຫນາດໃຫຍ່.

ຫຸ້ນສ່ວນຜະລິດຕະພັນວິສາຫະກິດ

The guru reduced his Enterprise Products Partners (ເອດີບີ, ທາງດ້ານການເງິນ) holding by 4.89% to 777,980 shares. It represents 1.19% of the equity portfolio. Tepper has gained approximately 29.94% on the investment over its lifetime.

The Houston-based midstream oil and gas company has a $55.72 billion market cap; its shares were trading around $25.78 on Tuesday with a price-earnings ratio of 11.51, a price-book ratio of 2.16 and a price-sales ratio of 1.09.

ອີງ​ຕາມ​ເສັ້ນ​ມູນ​ຄ່າ GF, ຫຸ້ນ​ໃນ​ປັດ​ຈຸ​ບັນ​ແມ່ນ undervalued ພຽງ​ເລັກ​ນ້ອຍ.

GuruFocus rated Enterprise Products Partners’ financial strength 4 out of 10, driven by insufficient interest coverage and a low Altman Z-Score of 1.77 that warns the company could be at risk of bankruptcy if it does not improve its liquidity. The company is creating value, however, since the ROIC is higher than the WACC.

The company’s profitability fared better with an 8 out of 10 rating. In addition to an expanding operating margin, Enterprise Products Partners has strong returns that top over half of its competitors. It also has a high Piotroski F-Score of 7 and a one-star predictability rank.

Bruce Berkowitz (ການຊື້ຂາຍ, ກຸ່ມ) ແມ່ນຜູ້ຖືຫຸ້ນ guru ທີ່ໃຫຍ່ທີ່ສຸດຂອງບໍລິສັດທີ່ມີຫຸ້ນສ່ວນ 0.16%. ການລົງທືນ Eagle ຄັ້ງທໍາອິດ (ການຊື້ຂາຍ, ກຸ່ມ), the ກອງທຶນ Fairholme (ການຊື້ຂາຍ, ກຸ່ມ) ແລະໄດ້ Fairholme Focused Income Fund (ການຊື້ຂາຍ, ກຸ່ມ) ຍັງມີຕໍາແຫນ່ງຂະຫນາດໃຫຍ່ໃນຄູ່ຮ່ວມງານຜະລິດຕະພັນວິສາຫະກິດ.

ການເປີດເຜີຍຂໍ້ມູນ

ຂ້ອຍ/ພວກເຮົາບໍ່ມີຕໍາແໜ່ງໃນຮຸ້ນໃດໆທີ່ໄດ້ກ່າວມາ, ແລະບໍ່ມີແຜນທີ່ຈະຊື້ຕໍາແໜ່ງໃໝ່ໃນຮຸ້ນທີ່ກ່າວມາພາຍໃນ 72 ຊົ່ວໂມງຕໍ່ໄປ.

Source: https://www.forbes.com/sites/gurufocus/2022/09/23/david-teppers-favorite-energy-stocks/