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Weekly CEO Buys Highlight

According to GuruFocus Insider Data, these were the largest CEO buys during the past week.

Energy Transfer

Energy Transfer LP (NYSE:ET) CEO Kelcy L. Warren bought 300,000 shares on Feb. 28 at a price of $10.80. The price of the stock has decreased by 5.46% since then.

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Energy Transfer owns a large platform of crude oil, natural gas and natural gas liquid assets primarily in Texas and the U.S. midcontinent region. Its pipeline network transports about 22 trillion British thermal units per day of natural gas and 4.3 million barrels per day of crude oil. It also has gathering and processing facilities and fuel distribution.

The company has a market cap of $27.46 billion. Its shares traded at $10.21 with a price-earnings ratio of 7.51 as of March 6.

Fourth quarter 2019 net income was $1.35 billion compared to $852 million for the fourth quarter of 2018.

Warren bought 3,603,791 shares on Feb. 19 at a price of $12.53 and 4,000,000 shares on Feb. 27 at a price of $10.64. Since then, the price of the stock has decreased by 4.04%.

Chief Financial Officer Thomas E. Long bought 5,800 shares on Feb. 27 at a price of $10.27. The price of the stock has decreased by 0.58% since then.

Planet Fitness

Planet Fitness Inc. (NYSE:PLNT) CEO Christopher Rondeau bought 45,000 shares during the past week at the average price of $65.61.

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Planet Fitness is a franchisor and operator of fitness centers in the United States. The company's reportable segments are Franchise, Corporate-owned stores and Equipment. The firm generates the majority of its revenue from the Franchise business segment.

The company has a market cap of $5.56 billion. Its shares traded at $64.35 with a price-earnings ratio of 45.64 as of March 6.

Net income for the fourth quarter of 2019 was $29.7 million compared to net income of $24.8 million in the prior year period.

Rondeau bought 25,000 shares on March 4 at a price of $67.24 and 20,000 shares on March 5 at a price of $63.57. Since then, the price of the stock has increased by 1.23%.

President and Chief Financial Officer Dorvin D. Lively bought 15,000 shares on March 6 at a price of $60.50. The price of the stock has increased by 6.36% since then.

American Assets Trust

American Assets Trust Inc. (NYSE:AAT) Chairman, CEO, President and 10% Owner Ernest S. Rady bought 62,443 shares during the past week at the average price of $42.44.

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American Assets Trust is a self-administered real estate investment trust based in the United States. The company invests in, operates and develops retail, office, residential and mixed-use properties. Its properties are primarily located in South California, Northern California, Oregon, Washington and Hawaii.

The company has a market cap of $2.48 billion. Its shares traded at $41.28 with a price-earnings ratio of 48.85 as of March 6.

Net income was $12.8 million for the three months ended Dec. 31, 2019 compared to $6.7 million for the three months ended Dec. 31, 2018.

Rady bought 33,313 shares on Feb. 28 at a price of $42.77 and 29,130 shares on March 6 at a price of $42.06. Since then, the price of the stock has decreased by 1.85%.

Continental Resources

Continental Resources Inc. (NYSE:CLR) CEO William B. Berry bought 90,000 shares on Feb. 28 at a price of $18.38. The price of the stock has decreased by 19.21% since then.

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Continental Resources is a U.S. oil and gas producer in the Bakken Shale in North Dakota and the SCOOP/STACK plays in Oklahoma.

The company has a market cap of $5.52 billion. Its shares traded at $14.85 with a price-earnings ratio of 7.14 as of March 6.

Net income for the fourth quarter of 2019 was $193.95 million compared to $197.74 million for the prior year period.

Senior Vice President Chief Financial Officer John D. Hart bought 16,200 shares on March 3 at a price of $16.99. Since then, the price of the stock has decreased by 12.6%.

Brookfield Property REIT

Brookfield Property REIT Inc. (NASDAQ:BPYU) CEO Brian Kingston bought 75,000 shares on Feb. 28 at a price of $16.66. The price of the stock has increased by 0.84% since then.

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Brookfield Property REIT is a subsidiary of Brookfield Property Partners L.P., one of the world's premier real estate companies, with approximately $88 billion in total assets. Brookfield Property REIT was created as a public security intended to offer economic equivalence to an investment in Brookfield Property Partners in the form of a U.S. REIT stock.

The company has a market cap of $1.01 billion. Its shares traded at $16.80 as of March 6.

Net loss for the third quarter of 2019 was $33,423 compared to net income of $3,683,274 for the third quarter of 2018.

Chief Financial Officer Bryan K. Davis bought 27,500 shares on Feb. 27 at a price of $16.67. Since then, the price of the stock has increased by 0.78%.

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 in the article.

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This article first appeared on GuruFocus.