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Top Insider Buys Highlight for the Week of Nov. 15

The largest insider buys this week were for Crown Castle International Corp. (NYSE:CCI), Uber Technologies Inc. (NYSE:UBER), Keurig Dr Pepper Inc. (NYSE:KDP) and Occidental Petroleum Corp. (NYSE:OXY).

Crown Castle International director bought 10,900 shares

Director Martin J. Landis bought 10,900 shares on Nov. 12 for an average price of $130.61. The share price has increased by 3.12% since then.


Crown Castle International is an American wireless communication services company. It is the U.S.'s largest provider of shared communications infrastructure with more than 40,000 cell towers and approximately 60,000 route miles of fiber supporting small cells and fiber solutions. The company has a market capitalization of $56 billion; as of Nov. 15, it traded at $134.68.

On Oct. 17, Crown Castle International announced that the board of directors declared a quarterly cash dividend of $1.20 per common share. The dividend will be payable on Dec. 31 to common shareholders of record at the close of business on Dec. 13.

Uber Technologies director bought 35,000 shares

Director Ronald D. Sugar bought 35,000 shares of Uber on Nov. 8 for an average price of $27.2. The stock has declined 1.51% since then.

Uber is a transportation company that focuses on providing peer-to-peer ridesharing, ride service hailing and food delivery services, which can be accessed via the company's websites and mobile apps. The company has operations in over 785 metropolitan areas worldwide. The company has a market capitalization of $45.7 billion; as of Nov. 15, it traded at $26.79.

On Nov. 13, Uber announced it is partnering up with Volvo and the Governors Highway Safety Association to create a public safety movement that encourages drivers and passengers to buckle up. To work towards this goal, the partnership observed the first-ever National Seat Belt Day on Nov. 14.

Keurig Dr Pepper chief human resources officer bought 6,000 shares

Chief Human Resources Officer Mary Beth Denooyer bought 6,000 shares on Nov. 12 for an average price of $29.05. Since then, the stock has gained 3.34%.

Keurig Dr Pepper is an American beverage conglomerate. Its East Coast division sells coffee, beverages and Keurig brewers. As of July 2018, the company also sells sodas, juices and other soft drinks from its Dr Pepper Snapple division in Texas. The company has a market capitalization of $42.23 billion; as of Nov. 15, it traded at $30.02.

On Nov. 7, Keurig Dr Pepper reported financial results for the third quarter. Net sales grew 5.1% to $2.87 billion, while operating income increased 68% to $580 million. Earnings per diluted share inched up 91% to 21 cents from the prior-year quarter. Performance was impacted by the merger between Keurig Green Mountain and Dr Pepper Snapple Group in July 2018.

Occidental Petroleum director bought 12,000 shares

Director William R. Klesse bought 12,000 shares on Nov. 8 for an average price of $39.31. The share price has dipped 0.92% since then.

Occidental Petroleum is an international oil and gas exploration and production company. The company has operations in the U.S., the Middle East and Latin America and is engaged in petrochemical manufacturing in the U.S., Canada and Chile. It was the ninth-largest petroleum producer in Texas in 2018. The company has a market capitalization of $34.79 billion; as of Nov. 15, it traded at $38.95.

On Oct. 3, Occidental Petroleum nnounced the inauguration of the company's first solar facility to directly power an enhanced oil recovery field operation in the Permian Basin. The company also announced it has signed a long-term power purchase agreement for 109 megawatts of solar energy for use in its Texas operations beginning in 2021. The Goldsmith field solar facility expands on the company's commitment to lower its carbon footprint while reducing cost and is the first solar facility of its kind to directly power oil and gas operations in Texas.

For the complete list of stocks that were bought by their company executives, go to Insider Trades.

Disclosure: I do not own stock in any of the companies mentioned in the article.

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This article first appeared on GuruFocus.