Jun 6, 2016

Posted by in Stock Reports | 0 Comments

Insiders Are Buying These Shares: Western Refining, Inc. (NYSE:WNR), Bristow Group Inc (NYSE:BRS), PBF Energy Inc (NYSE:PBF)

Insiders Are Buying These Shares: Western Refining, Inc. (NYSE:WNR), Bristow Group Inc (NYSE:BRS), PBF Energy Inc (NYSE:PBF)

As a general rule, insider buying shows management’s confidence in the company, and is considered a bullish sign—in other words a sign that stock prices are likely to go up. Conversely, insider selling is considered bearish—those in the know may be off loading their stocks in an expectation that prices will soon fall. So it pays to keep an eye on the activities of insiders.

Studies have shown that prompt and timely dissemination of insider transactions are profitable for investors, as insiders tend to beat the market. The odds in favor of an insider purchase being followed by further purchases are three times greater than the odds of a purchase followed by a sale.

Moving on to the first insider trade May 27, 2016 which involved Hogan Brian John, a Director at Western Refining, Inc. (NYSE:WNR), who acquired 2,500 shares at $21.48 per share to put the total holding at 80,963 shares. Its shares currently owned by company management are 8.00% while institutional investors own about 78.40%. The 6-month change recorded in total insider ownership was 11.62%. On the other side, 0.36% change in total institutional ownership has been reported for the 3-month period.

Bristow Group Inc (NYSE:BRS) saw an insider buy stock in the company on June 02. Gompert David C. of the company, bought 1,400 shares for $12.33 per share worth a total of $17,257. After this insider buying, Gompert David C. now has a total stake of 5,605 shares in the company. Its shares currently owned by company management are 0.50% while institutional investors own about 96.30%. The 6-month change recorded in total insider ownership was 22.87%. On the other side, 2.91% change in total institutional ownership has been reported for the 3-month period.

PBF Energy Inc (NYSE:PBF) also received some insider trading action as Lucey Matthew C., who is the company’s President of the Board added some 10,000 shares at a price of $27.50 per share to the holding that now comprises of 50,000 shares. Its shares currently owned by company management are 0.40% while institutional investors own about 85.00%. The 6-month change recorded in total insider ownership was 17.09%.

 

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