According to GuruFocus Insider Data, these are the largest CEO buys during the past week.
NGL Energy Partners CEO bought 60,000 shares
NGL Energy Partners LP (NYSE:NGL) CEO H. Michael Krimbill bought 60,000 shares on Aug. 16 at a price of $12.72. The price of the stock has decreased by 3.3% since.
NGL Energy Partners is a U.S.-based firm that owns and operates a vertically integrated energy business. The company's operating segments include Crude Oil Logistics, Water Solutions, Liquids, Retail Propane and Refined Products and Renewables serving its customers across the U.S. and Canada. It operates crude oil storage terminals and owns pipeline injection stations and offers services for the treatment and disposal of wastewater generated from crude oil and natural gas production, and for the disposal of solids, such as tank bottoms and drilling fluids. The firm also supplies natural gas liquids to retailers, wholesalers, refiners and petrochemical plants and sells propane and distillates. The company has a market cap of $1.55 billion. Its shares traded at $12.30 with a price-earnings ratio of 4.84 as of Aug. 23.
Net income for the quarter ended June 30, 2019, was $8.0 million, compared to a net loss of $169.3 million for the quarter ended June 30, 2018.
Director James M. Collingsworth bought 6,250 shares of NGL Energy Partners stock on Aug. 19 at a price of $13.25. The price of the stock has decreased by 7.17% since.
Wyndham Hotels and Resorts CEO bought 10,000 shares
Wyndham Hotels and Resorts Inc. (NYSE:WH) President and CEO Geoffrey A. Ballotti bought 10,000 shares on Aug. 16 at a price of $50.26. The price of the stock has decreased by 0.78% since.
Spun off from Wyndham Worldwide on June 1, 2018, Wyndham Hotels and Resorts is a hotel franchise company that owns 20 brands of hotels in over 80 countries, including the U.S., China, Canada, Mexico, Turkey, Germany, the U.K., the Caribbean and others. As of Dec. 31, 2018, the company has 9,157 hotels, including 8,717 that are franchised, 438 that are managed, and two that are owned. Its brands are divided into five categories: Distinctive, Upscale, Lifestyle, Midscale and Economy. The company has a market cap of $4.81 billion. Its shares traded at $49.87 with a price-earnings ratio of 33.14 as of Aug. 23.
Net income was $26 million for the second quarter of 2019.
Chief Financial Officer David B. Wyshner bought 2,000 shares on Aug. 16 at a price of $50.37. The price of the stock has decreased by 0.99% since.
Director Ronald L. Nelson bought 10,000 shares on Aug. 14 at a price of $49.95. The price of the stock has decreased by 0.16% since.
Bain Capital Specialty Finance CEO bought 27,483 shares
Bain Capital Specialty Finance Inc. (NYSE:BCSF) President and CEO Michael A. Ewald bought 27,483 shares on Aug. 22 at a price of $18.21. The price of the stock has decreased by 0.22% since.
Bain Capital Specialty Finance operates as a business development company (BDC) specializing in direct loans to middle-market companies. The fund seeks to invest in senior investments with a first or second lien on collateral, senior first lien, stretch senior, senior second lien, unitranche, mezzanine debt, junior securities, other junior investments and secondary purchases of assets or portfolios that primarily consist of middle-market corporate debt. The company has a market cap of $938.48 million. Its shares traded at $18.17 with a price-earnings ratio of 12.95 as of Aug. 23.
Net income for the quarter ended June 30, 2019 was $19.2 million.
Sirius International Insurance CEO bought 45,000 shares
Sirius International Insurance Group Ltd. (NASDAQ:SG) President and CEO Kernan V. Oberting bought 45,000 shares on Aug. 16 at a price of $10.00. The price of the stock has decreased by 10% since.
Sirius International Insurance Group, through its subsidiaries, provides insurance and reinsurance products worldwide. The company operates through four segments: Global Property, Global A&H, Specialty & Casualty, and Runoff & Other. It offers insurance and reinsurance products for property lines and agriculture, accident and health, medical travel, aviation and space, marine, trade credit, contingency, casualty, surety, asbestos risks, environmental risks, and other long-tailed liability exposures, as well as administration services. The company is also involved in the acquisition and management of runoff liabilities for insurance and reinsurance companies. The company has a market cap of $1.04 billion. Its shares traded at $9.00 with a price-earnings ratio of 250 as of Aug. 23.
Net income for the quarter ended June 30, 2019, was $8.2 million, compared to $98.2 million for the prior-year period.
Chief Operating Officer, President and CEO of Sirius International Monica Cramer-Manhem bought 300 shares on Aug. 22 at a price of $9. The price of the stock has decreased by 0% since.
Executive Vice President, Global Risk Officer and Chief Actuary Jeffrey W. Davis bought 10,000 shares on Aug. 23 at a price of $9.28. The price of the stock has decreased by 3.02% since.
Cabot Oil & Gas CEO bought 20,000 shares
Cabot Oil & Gas Corp. (NYSE:COG) Chairman, President and CEO Dan O. Dinges bought 20,000 shares on Aug. 19 at a price of $16.34. The price of the stock has increased by 3.06% since.
Houston-based Cabot Oil & Gas is an independent exploration and production company with operations in Appalachia. At year-end 2017, Cabot's proved reserves were 9.7 trillion cubic feet of equivalent, with net production of approximately 1,875 million cubic feet of equivalent per day. Following the sale of divested assets in the Eagle Ford, all of Cabot's production will be Marcellus natural gas. The company has a market cap of $7.05 billion. Its shares traded at $16.84 with a price-earnings ratio of 8.64 as of August 23.
Net income for the second quarter of 2019 was $181.0 million, compared to $42.43 million for the prior-year quarter.
Director Rhys J. Best bought 7,500 shares on Aug. 16 at a price of $16.31. The price of the stock has increased by 3.25% since.
Director Peter B. Delaney bought 9,000 shares on July 30 at a price of $19.28. The price of the stock has decreased by 12.66% since.
For the complete list of stocks bought by their company CEOs, go to: CEO Buys.
Disclosure: I do not own stock in any of the companies mentioned.
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This article first appeared on GuruFocus.
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