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Weekly CFO Buys Highlight

According to GuruFocus insider data, the recent chief financial officer buys were Tenneco Inc. (NYSE:TEN), Ocwen Financial Corp (NYSE:OCN) and Southwestern Energy Co (NYSE:SWN).

Tenneco CFO bought 60,000 shares

Executive Vice President and CFO Jason M. Hollar bought 60,000 shares for $9.44 per share on Aug. 8. Since then, the share price has increased by 0.11%. Tenneco has a market cap of $764.699 million and its shares were traded around $9.45. The company has a price-sales ratio of 0.05. The trailing 12-month dividend yield is 7.94%, while the forward dividend yield is 10.58%. Over the past 10 years, Tenneco had an annual average earnings growth of 6%. GuruFocus rated Tenneco's business predictability rank 2.5 out of 5 stars.

Tenneco announced its second-quarter results with revenue of $4.50 billion and gross profit of $717 million, while the net income was $26 million. The 2018 total revenue was $11.76 billion, a 27% increase from 2017. The gross profit was $1.86 billion, a 24% increase from the year prior. The net income was $55 million.

Senior Vice President Brandon B. Smith bought 20,000 shares for $9.48 per share on Aug. 9. Since then, the share price has decreased by 0.32%. Director Dennis J. Letham bought 10,000 shares for $9.26 per share on Aug. 7. Since then, the share price has increased by 2.05%.

Ocwen Financial CFO bought 33,750 shares

Executive Vice President and CFO June C. Campbell bought 33,750 shares for $1.5 per share on Aug. 14. Since then, the share price has decreased by 2.67%. Ocwen Financial has a market cap of $196.510 million and its shares were traded around $1.46. The company has a price-sales ratio of 0.19.

Ocwen announced its second-quarter results with revenue of $1.92 billion and gross profit of $441 million, while the net income was $138 million. The 2018 total revenue was $7.06 billion, a 11% increase from 2017. The gross profit was $1.65 billion, a 4% increase from the year prior. The net income was $545 million.

President and CEO Glen A. Messina bought 132,000 shares for $1.5 per share on Aug. 12. Since then, the share price has decreased by 2.67%. Director Robert J. Lipstein bought 161,105 shares for $1.55 per share on Aug. 12. Since then, the share price has declined 5.81%. Executive Vice President and Chief Growth Officer Timothy J. Yanoti bought 35,000 shares for $1.35 per share on Aug. 9. Since then, the share price has increased by 8.15%.

Southwestern Energy CFO bought 25,000 shares

Executive Vice President and CFO Julian Mark Bott bought 25,000 shares for $1.9 per share on Aug. 9. Since then, the share price has declined 5.26%. Southwestern Energy has a market cap of $974.370 million and its shares were traded around $1.80. The company has a price-earnings ratio of 0.95 and a price-sales ratio of 0.27.

Southwestern Energy announced its first-quarter results with revenue of $990 million and gross profit of $384 million, while the net income was $594 million. The 2018 total revenue was $3.86 billion, a 21% increase from 2017. The gross profit was $1.85 billion, a 19% increase from the year prior. The net income was $537 million.

President and CEO William J. Way bought 100,000 shares for $1.91 per share on Aug. 9. Since then, the share price has decreased by 5.76%.

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This article first appeared on GuruFocus.