Weekly highlight of top insider buys: Energy Transfer Equity L.P. (ETE, Financial), First Niagara Financial Group Inc. (FNFG, Financial), Kodiak Oil & Gas Corp. (KOG, Financial), Stewart Enterprises Inc. (STEI, Financial) and FutureFuel Corp. (FF, Financial).
Director of Energy Transfer Equity L.P., Kelcy L Warren, bought 750,000 shares on 7/06/2011 at an average price of $45. Energy Transfer Equity L.P. owns a diversified portfolio of energy assets, including natural gas operations consisting miles of natural gas gathering and transportation pipelines, natural gas treating and processing assets located in Texas and Louisiana, and three natural gas storage facilities located in Texas. Energy Transfer Equity L.P. has a market cap of $10.03 billion; its shares were traded at around $45 with a P/E ratio of 34.6 and P/S ratio of 1.5. The dividend yield of Energy Transfer Equity L.P. stocks is 5%. Energy Transfer Equity L.P. had an annual average earnings growth of 19.5% over the past five years.
On May 4, Energy Transfer Equity L.P. reported distributable cash flow of $125.2 million for the three months ended March 31, 2011, a decrease of $3.1 million compared to the three months ended March 31, 2010. ETE's net income attributable to partners was $88.6 million for the three months ended March 31, 2011 as compared to $112.8 million for the three months ended March 31, 2010. For the quarter ended March 31, 2011, ETE raised its cash distribution on its outstanding limited partner interests to $0.56 per limited partner unit ($2.24 annualized), an increase of approximately 3.7%. The cash distribution for the quarter ended March 31, 2011 will be paid on May 19, 2011 to unitholders of record as of the close of business on May 6, 2011.
Energy Transfer Equity L.P. is in the portfolio of Jean-Marie Eveillard.
Last week, Director Kelcy L. Warren bought 750,000 shares of ETE stock, and 10% owner Randa Duncan Williams sold 700,000 shares.
Director of First Niagara Financial Group Inc. Thomas E. Baker, bought 1,425 shares on 7/07/2011 at an average price of $13.48. First Niagara Financial Group, Inc. is a multi-bank holding company and is the parent of First Niagara Bank, Cortland Savings Bank and Cayuga Bank. First Niagara Financial Group Inc. has a market cap of $2.82 billion; its shares were traded at around $13.48 with a P/E ratio of 14.4 and P/S ratio of 3.1. The dividend yield of First Niagara Financial Group Inc. stocks is 4.8%. First Niagara Financial Group Inc. had an annual average earnings growth of 4.9% over the past 10 years.
On April 27, First Niagara Financial Group Inc. continued its long- standing trend of distributing capital to its shareholders as evidenced by the Company’s Board of Directors declaring another quarterly dividend of sixteen cents ($0.16) per share on outstanding FNFG common stock. The company’s dividend is payable on May 24, 2011 to stockholders of record on May 10, 2011.
First Niagara Financial Group Inc. is in the portfolios of John Keeley, Third Avenue Management, and Irving Kahn.
This month, Director George M. Philip, Director Thomas E. Baker, and Director Barabara S. Jeremiah bought shares of FNFG stock.
CFO, Treasurer, Secretary, Executive VP Finance of Kodiak Oil & Gas Corp., James P. Henderson, bought 10,000 shares on 6/30/2011 at an average price of $6.4. Kodiak Oil & Gas, headquartered in Denver, is an independent energy exploration and development company focused on exploring, developing and producing oil and natural gas in the Williston and Greater Green River Basins in the US. Kodiak Oil & Gas Corp. has a market cap of $1.15 billion; its shares were traded at around $6.4 with a P/E ratio of 213.3 and P/S ratio of 46.2.
On May 5, for the quarter-ended March 31, 2011, Kodiak Oil & Gas Corp. reported oil and gas sales of $13.3 million, as compared to approximately $5.7 million during the same period in 2010, a 133% increase and a Company record. Crude oil revenue accounted for approximately 98% of first quarter 2011 oil and gas sales, and crude oil constituted 94% of sales volumes for the quarter. Kodiak posted a 104% increase in oil sales volumes and a 44% increase in gas sales volumes for an overall 99% increase in quarter-over-quarter equivalent sales volumes of 168,000 barrels of oil equivalent.
Director of Stewart Enterprises Inc. John Elstrott, bought 3,000 shares on 7/07/2011 at an average price of $7.61. Stewart Enterprises Inc. is a provider of products and services in the death care industry in North America. Stewart Enterprises Inc. has a market cap of $693 million; its shares were traded at around $7.61 with a P/E ratio of 22.4 and P/S ratio of 1.4. The dividend yield of Stewart Enterprises Inc. stocks is 1.6%.
On June 8, Stewart Enterprises Inc. reported its results for the second quarter ended April 30, 2011. The company reported an increase in earnings per share to $0.11 per diluted share for the quarter ended April 30, 2011, compared to $0.09 per diluted share for the quarter ended April 30, 2010. After adjusting net earnings for certain items, the company reported adjusted earnings per share of $0.10 per diluted share for the quarters ended April 30, 2011 and 2010.
Stewart Enterprises Inc. is in the portfolios of George Soros, Joel Greenblatt, Mario Gablli, and Prem Watsa.
This month, Director John Elstrott bought 3,000 shares of STEI stock. Director Ronald H. Patron sold 8,000 shares this month. Director Ronald H. Patron sold 27,000 shares in June.
COO of FutureFuel Corp., Paul G. Lorenzini, bought 49,047 shares on 6/30/2011 at an average price of $12.49. FutureFuel Chemical Company manufacturers diversified chemical products and bio-based products comprised of biofuels and bio-based specialty chemical products. FutureFuel Corp. has a market cap of $499.4 million; its shares were traded at around $12.49 . The dividend yield of FutureFuel Corp. stocks is 3.2%.
On May 9, FutureFuel Corp. announced its results for the first quarter of 2011. First quarter revenues were $55,241,000, up 16% from the first quarter of 2010. First quarter adjusted EBITDA was $8,882,000, up 9% from the first quarter of 2010. First quarter net income was $2,716,000, down 26% from the first quarter of 2010.Cash and cash equivalents (including restricted cash and cash equivalents) and marketable and auction rate securities were $136,062,000 compared to $117,650,000 at March 31, 2010.
Last month, COO Paul G. Lorenzini bought 49,047 shares of FF stock. Sr. VP of Opererations Support FFCC David Baker, Exec. VP & Gen. Manager FFCC Samuel Dortch, and CEO and President Lee E. Mikles bought shares in March.
For the complete list of stocks that bought by their company executives, go to: Insider Buys.
Energy Transfer Equity L.P. (ETE): Director Kelcy L. Warren Bought 750,000 Shares
Director of Energy Transfer Equity L.P., Kelcy L Warren, bought 750,000 shares on 7/06/2011 at an average price of $45. Energy Transfer Equity L.P. owns a diversified portfolio of energy assets, including natural gas operations consisting miles of natural gas gathering and transportation pipelines, natural gas treating and processing assets located in Texas and Louisiana, and three natural gas storage facilities located in Texas. Energy Transfer Equity L.P. has a market cap of $10.03 billion; its shares were traded at around $45 with a P/E ratio of 34.6 and P/S ratio of 1.5. The dividend yield of Energy Transfer Equity L.P. stocks is 5%. Energy Transfer Equity L.P. had an annual average earnings growth of 19.5% over the past five years.
On May 4, Energy Transfer Equity L.P. reported distributable cash flow of $125.2 million for the three months ended March 31, 2011, a decrease of $3.1 million compared to the three months ended March 31, 2010. ETE's net income attributable to partners was $88.6 million for the three months ended March 31, 2011 as compared to $112.8 million for the three months ended March 31, 2010. For the quarter ended March 31, 2011, ETE raised its cash distribution on its outstanding limited partner interests to $0.56 per limited partner unit ($2.24 annualized), an increase of approximately 3.7%. The cash distribution for the quarter ended March 31, 2011 will be paid on May 19, 2011 to unitholders of record as of the close of business on May 6, 2011.
Energy Transfer Equity L.P. is in the portfolio of Jean-Marie Eveillard.
Last week, Director Kelcy L. Warren bought 750,000 shares of ETE stock, and 10% owner Randa Duncan Williams sold 700,000 shares.
First Niagara Financial Group Inc. (FNFG): Director Thomas E. Baker Bought 1,425 Shares
Director of First Niagara Financial Group Inc. Thomas E. Baker, bought 1,425 shares on 7/07/2011 at an average price of $13.48. First Niagara Financial Group, Inc. is a multi-bank holding company and is the parent of First Niagara Bank, Cortland Savings Bank and Cayuga Bank. First Niagara Financial Group Inc. has a market cap of $2.82 billion; its shares were traded at around $13.48 with a P/E ratio of 14.4 and P/S ratio of 3.1. The dividend yield of First Niagara Financial Group Inc. stocks is 4.8%. First Niagara Financial Group Inc. had an annual average earnings growth of 4.9% over the past 10 years.
On April 27, First Niagara Financial Group Inc. continued its long- standing trend of distributing capital to its shareholders as evidenced by the Company’s Board of Directors declaring another quarterly dividend of sixteen cents ($0.16) per share on outstanding FNFG common stock. The company’s dividend is payable on May 24, 2011 to stockholders of record on May 10, 2011.
First Niagara Financial Group Inc. is in the portfolios of John Keeley, Third Avenue Management, and Irving Kahn.
This month, Director George M. Philip, Director Thomas E. Baker, and Director Barabara S. Jeremiah bought shares of FNFG stock.
Kodiak Oil & Gas Corp. (KOG): CFO, Treasurer, Secretary, & Executive VP Finance James P. Henderson Bought 10,000 Shares
CFO, Treasurer, Secretary, Executive VP Finance of Kodiak Oil & Gas Corp., James P. Henderson, bought 10,000 shares on 6/30/2011 at an average price of $6.4. Kodiak Oil & Gas, headquartered in Denver, is an independent energy exploration and development company focused on exploring, developing and producing oil and natural gas in the Williston and Greater Green River Basins in the US. Kodiak Oil & Gas Corp. has a market cap of $1.15 billion; its shares were traded at around $6.4 with a P/E ratio of 213.3 and P/S ratio of 46.2.
On May 5, for the quarter-ended March 31, 2011, Kodiak Oil & Gas Corp. reported oil and gas sales of $13.3 million, as compared to approximately $5.7 million during the same period in 2010, a 133% increase and a Company record. Crude oil revenue accounted for approximately 98% of first quarter 2011 oil and gas sales, and crude oil constituted 94% of sales volumes for the quarter. Kodiak posted a 104% increase in oil sales volumes and a 44% increase in gas sales volumes for an overall 99% increase in quarter-over-quarter equivalent sales volumes of 168,000 barrels of oil equivalent.
Stewart Enterprises Inc. (STEI): Director John Elstrott Bought 3,000 Shares
Director of Stewart Enterprises Inc. John Elstrott, bought 3,000 shares on 7/07/2011 at an average price of $7.61. Stewart Enterprises Inc. is a provider of products and services in the death care industry in North America. Stewart Enterprises Inc. has a market cap of $693 million; its shares were traded at around $7.61 with a P/E ratio of 22.4 and P/S ratio of 1.4. The dividend yield of Stewart Enterprises Inc. stocks is 1.6%.
On June 8, Stewart Enterprises Inc. reported its results for the second quarter ended April 30, 2011. The company reported an increase in earnings per share to $0.11 per diluted share for the quarter ended April 30, 2011, compared to $0.09 per diluted share for the quarter ended April 30, 2010. After adjusting net earnings for certain items, the company reported adjusted earnings per share of $0.10 per diluted share for the quarters ended April 30, 2011 and 2010.
Stewart Enterprises Inc. is in the portfolios of George Soros, Joel Greenblatt, Mario Gablli, and Prem Watsa.
This month, Director John Elstrott bought 3,000 shares of STEI stock. Director Ronald H. Patron sold 8,000 shares this month. Director Ronald H. Patron sold 27,000 shares in June.
FutureFuel Corp. (FF): COO Paul G. Lorenzini Bought 49,047 Shares
COO of FutureFuel Corp., Paul G. Lorenzini, bought 49,047 shares on 6/30/2011 at an average price of $12.49. FutureFuel Chemical Company manufacturers diversified chemical products and bio-based products comprised of biofuels and bio-based specialty chemical products. FutureFuel Corp. has a market cap of $499.4 million; its shares were traded at around $12.49 . The dividend yield of FutureFuel Corp. stocks is 3.2%.
On May 9, FutureFuel Corp. announced its results for the first quarter of 2011. First quarter revenues were $55,241,000, up 16% from the first quarter of 2010. First quarter adjusted EBITDA was $8,882,000, up 9% from the first quarter of 2010. First quarter net income was $2,716,000, down 26% from the first quarter of 2010.Cash and cash equivalents (including restricted cash and cash equivalents) and marketable and auction rate securities were $136,062,000 compared to $117,650,000 at March 31, 2010.
Last month, COO Paul G. Lorenzini bought 49,047 shares of FF stock. Sr. VP of Opererations Support FFCC David Baker, Exec. VP & Gen. Manager FFCC Samuel Dortch, and CEO and President Lee E. Mikles bought shares in March.
For the complete list of stocks that bought by their company executives, go to: Insider Buys.
