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Swift Energy Company (SFY) Executive VP and COO Robert J. Banks sells 6,000 Shares

December 08, 2010 | About:
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Executive VP and COO of Swift Energy Company (SFY) Robert J. Banks sells 6,000 shares of SFY on 12/07/2010 at an average price of $41.21 a share.

Swift Energy Company has a market cap of $1.7 billion; its shares were traded at around $40.83 with a P/E ratio of 31.1 and P/S ratio of 4.6. Swift Energy Company had an annual average earning growth of 11.4% over the past 10 years.

SFY is in the portfolios of Private Capital of Private Capital Management, Kenneth Fisher of Fisher Asset Management, LLC, Louis Moore Bacon of Moore Capital Management, LP, Chuck Royce of Royce& Associates, Jim Simons of Renaissance Technologies LLC.

CFO Recent Trades:


  • Sell: EVP & CFO Alton D Jr Heckaman sold 10,000 shares of SFY stock on 12/03/2010 at the average price of 40. Alton D Jr Heckaman owns at least 118,431 shares after this. The price of the stock has increased by 2.08% since.



This is the insider trade history vs. stock price of SFY. For the complete insider trading history of SFY, click here.




Directors and Officers Recent Trades:


  • Sell: Sr VP-CT&Land James P Mitchell sold 11,740 shares of SFY stock on 11/16/2010 at the average price of 34.07. James P Mitchell owns at least 36,620 shares after this. The price of the stock has increased by 19.84% since.


About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


Rating: 2.3/5 (3 votes)

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