T. Boone Pickens is a famous trader and investor specializing in oil-related companies. He earned $1.4 billion in 2005, making him one of the highest-paid hedge fund managers at the time. His BP Capital Management has generated enormous returns for investors.
As the price of oil makes all-time highs, investors should take a closer look at the income stocks that Pickens owns. With that in mind, Stockpickr has put together a list of the
One of the high-yielding Pickens stocks is
, which pays a dividend of 2%. The company is reportedly a front-runner in a bid for a gas reserves project in the United Arab Emirates. Its earnings call is scheduled for Jan. 23. The stock has a price-to-earnings (P/E) ratio of 13 and a P/E-to-growth (PEG) ratio of 0.8.
ConocoPhillips stock is also owned by
, a money management firm with $13 billion of assets under management. It also owns
, with a yield of 1.5%,
Burlington Northern Santa Fe
( BNI), with a 1.6% yield, and
, which pays 0.3%.
Another top stock owned by Pickens is
, which makes and sells railroad freight car equipment. It just declared its regular quarterly dividend of 8 cents a share, which gives the stock a yield of about 1.7%. The company also just announced that earnings for the latest quarter increased by 41%. The stock has a P/E of 13.3 and a PEG of 0.96.
Greenbrier is in the portfolio of the
, a five-star Morningstar-rated fund managed by John Keeley. He also owns
, which pays a 0.4% yield.
is another dividend-paying favorite. The company was upgraded last month by Friedman Billings from underperform to market perform. The stock, which hit a 52-week high on Jan. 3, offers a P/E of 13, a PEG of 1.2 and a yield of 1.3%.
Occidental is a favorite of
, a longtime
columnist and manager of Fisher Asset Management, which has $30 billion under management. Fisher also likes
, which has a yield of 1.3%,
, at 0.7%, and
, at 0.7%.
To see more of Pickens' dividend-paying stocks, check out the
at Stockpickr.com. And for his entire stockholdings, check out the entire list of
, also at Stockpickr.com.
At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.
James Altucher is president of
LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the
and the author of
Trade Like a Hedge Fund
Trade Like Warren Buffett
. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback;
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