May 11, 2016

Posted by in Stock Reports | 0 Comments

Stocks Seeing Recent Insider Buys: Western Refining, Inc. (NYSE:WNR), United States Steel Corporation (NYSE:X), MRC Global Inc (NYSE:MRC)

Stocks Seeing Recent Insider Buys: Western Refining, Inc. (NYSE:WNR), United States Steel Corporation (NYSE:X), MRC Global Inc (NYSE:MRC)

As an investor it is wise to keep track of what insiders at large and small companies are doing. After all, these insiders are executives who should understand their business better than any of the rest of us. Using the trades that these executives make as one of the major tools of your stock investment research is wise.

Quite simply there are all kinds of reasons that an insider would sell a stock, and there is no way of telling exactly why they are selling at the time. Consider the fact that the insider could be selling to fund the education of a child or buy a new home. On the other hand insider purchases are generally more reliable indicators because the main goal in buying a stock is to make money, whether you are an insider or not.

Knowing the role of the insider who made the transaction is important. This seems like it should be common sense, but some investors fail to pay attention to this very important detail. Heavy insider transactions by someone such as the CFO or CEO should carry much more weight than insider transactions by someone who is an outside director. Consider how much that insider should know about the current state of the industry and their businesses.

Moving on to the first insider trade May 09, 2016 which involved Stevens Jeff A, a President & CEO at Western Refining, Inc. (NYSE:WNR), who acquired 50,000 shares at $20.95 per share to put the total holding at 3,452,609 shares. Its shares currently owned by company management are 4.00% while institutional investors own about 78.00%. The 6-month change recorded in total insider ownership was 7.32%.

United States Steel Corporation (NYSE:X) saw an insider buy stock in the company on May 05. MASCARENAS PAUL ANTHONY, director of the company, bought 1,000 shares for $18.90 per share worth a total of $18,900. After this insider buying, MASCARENAS PAUL ANTHONY now has a total stake of 6,192 shares in the company. Its shares currently owned by company management are 0.80% while institutional investors own about 78.40%. The 6-month change recorded in total insider ownership was 0.26%. On the other side, 4.00% change in total institutional ownership has been reported for the 3-month period.

MRC Global Inc (NYSE:MRC) also received some insider trading action as Witt Karl, who is the company’s SVP Operations East/Gulf Coast added some 1,740 shares at a price of $14.15 per share to the holding that now comprises of 33,606 shares. Its shares currently owned by company management are 1.30%. The 6-month change recorded in total insider ownership was -2.44%. On the other side, -2.58% change in total institutional ownership has been reported for the 3-month period.

 

 

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