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Weekly Top Insider Buys Highlight for the Week of Nov. 30

- By Shuda Xia

The largest Insider Buys this week were for Lowe's Companies Inc. (LOW), Steel Dynamics Inc. (STLD), Parsley Energy Inc. (PE), and Keurig Dr Pepper Inc. (KDP).

Lowe's Companies Inc. (LOW): Director Brian C. Rogers bought 10,000 shares

Director Brian C. Rogers bought 10,000 shares of LOW stock on Nov. 23 at the average price of $88.02. The price of the stock has increased by 7.18% since.


Lowe's Companies Inc. is an American international retail company that specializes in home improvement products and services. The company operates a chain of retail stores in the United States, Canada, and Mexico. The company has a market capitalization of $76.25 billion, and as of Nov. 30 it traded at $94.34.

On Nov. 20 Lowe's Companies Inc. reported third quarter 2018 results ended Nov. 2. Net earnings for the quarter was $629 million, while diluted earnings per share were $0.78. Net earnings for the third quarter of 2017 was $872 million, while diluted earnings per share were $1.05 for the third quarter of 2017.

Steel Dynamics Inc. (STLD): Director Richard P Teets. Jr. bought 20,000 shares

Director Richard P. Teets Jr. bought 20,000 shares of STLD stock on Nov. 28 at the average price of $33.85. The price of the stock has increased by 3.99% since.

Steel Dynamics Inc. is an American international steel producer that is one of the largest domestic steel producers and metals recyclers. The company focuses on producing steel products such as hot roll, cold roll, coated sheet steel, and structural steel beams. The company has facilities located throughout the United States and Mexico. The company has a market capitalization of $8.08 billion, and as of Nov. 30 it traded at $35.20.

On Nov. 19 Steel Dynamics Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.1875 per common share. The dividend is payable on Jan. 11, 2019, to shareholders of record at the close of business on Dec. 31.

Parsley Energy Inc. (PE): Director A. R. Alameddine bought 5,000 shares

Director A. R. Alameddine bought 5,000 shares of PE stock on Nov. 27 at the average price of $21.1. The price of the stock has decreased by 4.6% since.

Parsley Energy Inc. is an American independent oil and natural gas company with an extensive operating history and footprint in the Permian basin of New Mexico and Texas. The company has experience drilling thousands of both vertical and horizontal wells on acreage primarily in West Texas. The company has a market capitalization of $6.38 billion, and as of Nov. 30 it traded at $20.13.

On Nov. 1 Parsley Energy Inc. reported third quarter 2018 results. Net oil production increased 9% quarter over quarter and 56% year over year while lease operating expense per barrel of oil equivalent was $3.72 for the quarter. The company also reported a 9% quarter over quarter reduction in average drilling and completion cost per lateral foot.

Keurig Dr Pepper Inc. (KDP): Director Robert S. Singer bought 5,000 shares

Director Robert S. Singer bought 5,000 shares of KDP stock on Nov. 28 at the average price of $26.58. The price of the stock has increased by 1.66% since.

Keurig Dr. Pepper Inc. 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 $37.07 billion, and as of Nov. 30 it traded at $27.02.

On Sep. 13 Keurig Dr. Pepper Inc. announced that its Board of Directors has authorized a quarterly dividend program and has declared the company's first quarterly dividend on its common stock. The dividend of $0.15 per share was paid on Oct. 19 to shareholders of record at the close of business on Oct. 5.

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.