ExxonMobil Heaviest Holding in Legg Mason Investment Counsel’s $724M Basic Materials Stock Portfolio

Wall St. Watchdog reveals information regarding Legg Mason Investment Counsel’s top holdings in the Basic Materials sector for the quarter ending September 30th, 2011. The firm held 119 stocks in the Basic Materials sector at the end of the quarter with an aggregate market value of $724.795 million.

  • Exxon Mobil Corp. (NYSE:XOM): On 06/30/2011, Legg Mason Investment Counsel reported holding 2,759,022 shares with a market value of $224,529,203. This comprised 5.5% of the total portfolio. On 09/30/2011, Legg Mason Investment Counsel reported holding 2,723,015 shares with a market value of $197,772,572. This comprised 5.67% of the total portfolio. The net change in shares for this position over the two quarters is -36,007. About Company: Exxon Mobil Corporation operates petroleum and petrochemicals businesses on a worldwide basis. The Company’s operations include exploration and production of oil and gas, electric power generation, and coal and minerals operations. Exxon Mobil also manufactures and markets fuels, lubricants, and chemicals.
  • Chevron Corp. (NYSE:CVX): On 06/30/2011, Legg Mason Investment Counsel reported holding 666,698 shares with a market value of $68,563,220. This comprised 1.68% of the total portfolio. On 09/30/2011, Legg Mason Investment Counsel reported holding 658,082 shares with a market value of $60,931,810. This comprised 1.75% of the total portfolio. The net change in shares for this position over the two quarters is -8,616. About Company: Chevron Corporation is an integrated energy company with operations in countries located around the world. The Company produces and transports crude oil and natural gas. Chevron also refines, markets, and distributes fuels as well as is involved in chemical operations, mining operations, power generation and energy services.
  • Schlumberger Limited (NYSE:SLB): On 06/30/2011, Legg Mason Investment Counsel reported holding 783,211 shares with a market value of $67,669,432. This comprised 1.66% of the total portfolio. On 09/30/2011, Legg Mason Investment Counsel reported holding 772,680 shares with a market value of $46,152,176. This comprised 1.32% of the total portfolio. The net change in shares for this position over the two quarters is -10,531. About Company: Schlumberger Limited is an oil services company. The Company, through its subsidiaries, provides a wide range of services, including technology, project management and information solutions to the international petroleum industry as well as advanced acquisition and data processing surveys.
  • Potash Corp. Of Saskatchewan Inc. (NYSE:POT): On 06/30/2011, Legg Mason Investment Counsel reported holding 1,028,780 shares with a market value of $58,630,174. This comprised 1.44% of the total portfolio. On 09/30/2011, Legg Mason Investment Counsel reported holding 1,031,727 shares with a market value of $44,591,242. This comprised 1.28% of the total portfolio. The net change in shares for this position over the two quarters is 2,947. About Company: Potash Corporation of Saskatchewan Inc. produces potash, phosphate, and nitrogen to the agricultural and industrial industries worldwide. The Company conducts operations in Canada, Chile, the United States, Brazil, and Trinidad.
  • National Oilwell Varco Inc. (NYSE:NOV): On 06/30/2011, Legg Mason Investment Counsel reported holding 843,504 shares with a market value of $65,970,447. This comprised 1.62% of the total portfolio. On 09/30/2011, Legg Mason Investment Counsel reported holding 844,633 shares with a market value of $43,262,103. This comprised 1.24% of the total portfolio. The net change in shares for this position over the two quarters is 1,129. About Company: National Oilwell Varco Inc. designs, manufactures, and sells machinery, equipment, and downhole products used in oil and gas drilling and production. The Company also provides oilfield inspection and other services, and supply chain integration services to the upstream oil and gas industry.
  • Air Products & Chemicals Inc. (NYSE:APD): On 06/30/2011, Legg Mason Investment Counsel reported holding 490,333 shares with a market value of $46,866,029. This comprised 1.15% of the total portfolio. On 09/30/2011, Legg Mason Investment Counsel reported holding 492,038 shares with a market value of $37,576,943. This comprised 1.08% of the total portfolio. The net change in shares for this position over the two quarters is 1,705. About Company: Air Products and Chemicals, Inc. produces industrial gas and related industrial process equipment. The Company also produces and markets polymer chemicals, performance chemicals, and chemical intermediates. Air Products recovers and distributes oxygen, nitrogen, argon, hydrogen, carbon monoxide, carbon dioxide, synthesis gas, and helium, as well as medical and specialty gases.
  • Fmc Technologies Inc. (NYSE:FTI): On 06/30/2011, Legg Mason Investment Counsel reported holding 554,112 shares with a market value of $24,818,677. This comprised 0.61% of the total portfolio. On 09/30/2011, Legg Mason Investment Counsel reported holding 538,067 shares with a market value of $20,231,318. This comprised 0.58% of the total portfolio. The net change in shares for this position over the two quarters is -16,045. About Company: FMC Technologies, Inc. designs, manufactures, and services systems and products used in offshore, particularly deepwater, exploration and production of crude oil and natural gas. The Company also provides advanced handling and processing systems to industrial customers. FMC Technologies’ subsea products include drilling and production systems, subsea tree systems, and fluid control systems.
  • Enterprise Products Partners Lp (NYSE:EPD): On 06/30/2011, Legg Mason Investment Counsel reported holding 430,235 shares with a market value of $18,590,454. This comprised 0.46% of the total portfolio. On 09/30/2011, Legg Mason Investment Counsel reported holding 432,234 shares with a market value of $17,354,196. This comprised 0.5% of the total portfolio. The net change in shares for this position over the two quarters is 1,999. About Company: Enterprise Products Partners L.P. provides processing and transportation services to producers and consumers of natural gas liquids. The Company generally processes products that are ultimately used as feedstocks in petrochemical manufacturing, in the production of motor gasoline, and as fuel for residential and commercial heating.
  • Cliffs Natural Resources Inc. (NYSE:CLF): On 06/30/2011, Legg Mason Investment Counsel reported holding 322,938 shares with a market value of $29,855,617. This comprised 0.73% of the total portfolio. On 09/30/2011, Legg Mason Investment Counsel reported holding 321,387 shares with a market value of $16,445,372. This comprised 0.47% of the total portfolio. The net change in shares for this position over the two quarters is -1,551. About Company: Cliffs Natural Resources Inc. is a diversified mining and natural resources company. The Company mines for iron ore and coal in locations across North America, South America, and Australia.
  • Apache Corp. (NYSE:APA): On 06/30/2011, Legg Mason Investment Counsel reported holding 204,066 shares with a market value of $25,179,704. This comprised 0.62% of the total portfolio. On 09/30/2011, Legg Mason Investment Counsel reported holding 192,349 shares with a market value of $15,434,083. This comprised 0.44% of the total portfolio. The net change in shares for this position over the two quarters is -11,717. About Company: Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil, and natural gas liquids. The Company has operations in North America, onshore Egypt, offshore Western Australia, offshore the United Kingdom in the North Sea (North Sea), and onshore Argentina, as well as on the Chilean side of the island of Tierra del Fuego.

(Note: Data regarding Legg Mason Investment Counsel’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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