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Weekly Top Insider Buys Highlight for the Week of Aug. 9

The largest Insider Buys this week were for JPMorgan Chase & Co. (NYSE:JPM), Chevron Corp. (NYSE:CVX), Netflix Inc. (NASDAQ:NFLX), and Enterprise Products Partners LP (NYSE:EPD).

JPMorgan Chase & Co. (NYSE:JPM): Director Mellody L. Hobson bought 18,200 shares

Director Mellody L. Hobson bought 18,200 shares of JPM stock on Aug. 8 at the average price of $109.91. The price of the stock has decreased by 0.15% since.

JPMorgan Chase & Co. is an American multinational banking and financial services holding company and the largest bank in the United States. The company is also the world's third largest bank by total assets, totaling roughly $2.5 trillion. The company offers services in investment banking, asset management, private banking, and private wealth management. The company has a market capitalization of $350.89 billion, and as of Aug. 9 it traded at $109.74.

On Aug. 2 JPMorgan Chase & Co. announced that it will redeem all of the 88,000 outstanding shares of its 6.30% non-cumulative preferred stock, Series W, on September 1. The shares of Series W Preferred Stock are represented by 35,200,000 depositary shares which are currently traded on the New York Stock Exchange. The redemption per share for the Series W Preferred Stock will be $10,000, or $25 per depositary share.

Chevron Corp. (NYSE:CVX): Director Debra L. Reed bought 4,250 shares

Director Debra L. Reed bought 4,250 shares of CVX stock on Aug. 7 at the average price of $118.14. The price of the stock has increased by 3.62% since.

Chevron Corp. is an American international energy corporation that is active in more than 180 countries. The company is one of the successor companies of Standard Oil and focuses on the oil, natural gas, and geothermal energy industries. The company has a market capitalization of $232.4 billion, and as of Aug. 9 it traded at $122.42.

On July 31 Chevron Corp. announced that the company's Board of Directors has declared a quarterly dividend of $1.19 per share. The dividend will be payable on September 10 to shareholders of record at the close of business on August 19.

Netflix Inc. (NASDAQ:NFLX): Director Bradford L. Smith bought 6,499 shares

Director Bradford L. Smith bought 6,499 shares of NFLX stock on Aug. 8 at the average price of $308.49. The price of the stock has increased by 0.14% since.

Netflix Inc. is an American media services and production company. The company runs a subscription based streaming service which offers online streaming of a selection of films and television programs. The company also produces some media content on their own. The company has a market capitalization of $135.26 billion, and as of Aug. 9 it traded at $308.93.

On June 26 Netflix Inc. announced that it has signed Brutus Pink, a newly formed animation production company that was created by Nick Kroll, Andrew Goldberg, Mark Levin, and Jennifer Flackett, to a multi-year deal to produce animated series and films for its consumers worldwide. The company includes the creative team behind the adult animated series Big Mouth.

Enterprise Products Partners LP (NYSE:EPD): Director Murray E Brasseux bought 5,000 shares

Director Murray E. Brasseux bought 5,000 shares of EPD stock on Aug. 2 at the average price of $30. The price of the stock has decreased by 5.27% since.

Enterprise Products Partners LP is an American natural gas and crude oil pipeline company that is a member of the Fortune 500. The company's products include crude oil, refined products, and petrochemicals. The company also transports oil and gas across over 51,000 miles of pipelines across multiple states and through the Gulf of Mexico. The company has a market capitalization of $62.2 billion, and as of Aug. 9 it traded at $28.42.

On July 31 Enterprise Products Partners LP announced the closing of Altus Midstream's acquisition of a 33% equity interest in Enterprise subsidiary that owns the Shin Oak natural gas liquids pipeline. The acquisition was effective on July 31. The 658-mile Shin Oak Pipeline transports natural gas liquids production from multiple basins, including the Permian, to Enterprise's storage complex in Mont Belvieu, 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.

This article first appeared on GuruFocus.