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Weekly Top Insider Buys: CHK, NOC, LO, WR, SEE

November 13, 2011 | About:
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Weekly highlight of top insider buys: Chesapeake Energy Corp. (CHK), Northrop Grumman Corp. (NOC), Lorillard (LO), Westar Energy Inc. (WR), and Sealed Air Corp (SEE).

Chesapeake Energy Corp. (CHK): Director Louis A Simpson Bought 100,000 Shares

Director of Chesapeake Energy Corp., Louis A Simpson, bought 100,000 shares on 11/08/2011 at an average price of $26.45. Chesapeake Energy Corp. is an independent oil and gas company engaged in the development, exploration, acquisition and production of onshore natural gas and oil reserves. Chesapeake Energy Corp. has a market cap of $17.48 billion; its shares were traded at around $26.45 with a P/E ratio of 9.03 and P/S ratio of 1.87. The dividend yield of Chesapeake Energy Corp. stocks is 1.32%. Chesapeake Energy Corp. had an annual average earnings growth of 9.8% over the past 10 years.

On November 8, Chesapeake Energy Corp. announced financial results for the 2011 third quarter. Net income for the quarter totaled $48.2 million, an increase of $14.8 million, or 44%, versus the 2010 third quarter. Net income available to limited partners for the 2011 third quarter was $47.2 million, or $0.34 per limited partner unit.

This month, Director Louis A Simpson bought 100,000 shares of CHK stock. In August, Director Donald L. Nickles, Director Merrill A. Miller Jr., Director Louis A Simpson, Chairman & CEO Aubrey K .Mcclendon, and Director V. Burns Hargis bought shares.

Northrop Grumman Corp. (NOC): Corp. Vice President and President Information Systems Linda A. Mills Bought 1,375 Shares

Corp. Vice President and President Information Systems of Northrop Grumman Corp., Linda A. Mills, bought 1,375 shares on 11/07/2011 at an average price of $59.3. Northrop Grumman Corporation is a high technology company providing innovative solutions in systems integration, defense electronics and information technology for its U. Northrop Grumman Corp. has a market cap of $16.49 billion; its shares were traded at around $59.3 with a P/E ratio of 10 and P/S ratio of 0.47. The dividend yield of Northrop Grumman Corp. stocks is 3.37%. Northrop Grumman Corp. had an annual average earnings growth of 11.6% over the past 10 years.

On October 26, Northrop Grumman Corporation reported that third quarter 2011 earnings from continuing operations increased 16 percent to $520 million, or $1.86 per diluted share, from$448 million, or $1.51 per diluted share, in the third quarter of 2010. For the nine months ended Sept. 30, 2011, the company repurchased 28.4 million shares of its common stock for$1.6 billion, and $2.4 billion remained under its current share repurchase authorization.

This month, Corp. Vice President and President Information Systems Linda A. Mills bought 1,375 shares of NOC stock. Corporate Vice President and President Technology Services Thomas E. Vice sold 9,843 shares in August. Chairman, CEO and President Wesley G. Bush bought 10,000 shares in August.

Lorillard (LO): Director Kit D Dietz Bought 1,400 Shares

Director of Lorillard, Kit D. Dietz, bought 1,400 shares on 11/04/2011 at an average price of $109.49. Lorillard is the third largest manufacturer of cigarettes in the United States. Lorillard has a market cap of $15.16 billion; its shares were traded at around $109.49 with a P/E ratio of 14.72 and P/S ratio of 2.56. The dividend yield of Lorillard stocks is 4.75%.

On October 24, Lorillard announced results for the third quarter of 2011. Net sales increased $55 million to $1.622 billion in the third quarter of 2011, compared to $1.567 billion in the third quarter of 2010, an increase of 3.5%. Gross profit was $563 million in the third quarter of 2011, or 34.7% of net sales, compared to $566 million, or 36.1% of net sales, in the third quarter of 2010.

This month, Director Kit D Dietz bought 1,400 shares of LO stock. Director Andrew H. Card Jr. bought 500 shares in August.

Omnicare Inc. (OCR): Director James D Shelton Bought 33,300 Shares

Director of Omnicare Inc., James D. Shelton, bought 33,300 shares on 11/09/2011 at an average price of $31.2. Omnicare Inc., a Fortune five hundred company based in Covington, Ky., is a provider of pharmaceutical care for the elderly. Omnicare Inc. has a market cap of $4.1 billion; its shares were traded at around $31.2 with a P/E ratio of 15.07 and P/S ratio of 0.67. The dividend yield of Omnicare Inc. stocks is 0.51%.

This month, Director James D. Shelton bought 33,300 shares of OCR stock and Executive Vice President Strategic Planning Leo P. Finn III sold 15,000 shares. Senior Vice President Professional Services W. Gary Erwin sold 10,000 shares in October.

Westar Energy Inc. (WR): Director Richard L. Hawley Bought 2,050 Shares

Director of Westar Energy Inc. (WR) Richard L. Hawley bought 2,050 shares on 11/09/2011 at an average price of $27.54. Westar Energy is a consumer services company with interests in monitored services and energy. Westar Energy Inc. has a market cap of $3.19 billion; its shares were traded at around $27.54 with a P/E ratio of 21.35 and P/S ratio of 1.55. The dividend yield of Westar Energy Inc. stocks is 4.65%. Westar Energy Inc. had an annual average earnings growth of 2.2% over the past five years.

On Nov. 3, Westar Energy Inc. announced earnings of $135 million, or $1.15 per share, for the third quarter 2011 compared with earnings of $115 million, or $1.02 per share, for the third quarter 2010. Earnings for the nine months ended Sept. 30, 2011 were $210 million, or $1.82 per share, compared with $198 million, or $1.77 per share, for the same period in 2010.

In August, Former Director, President and CEO William B. Moore sold 1,347 shares of WR stock. Director Richard L. Hawley bought 2,050 shares last week.

Sealed Air Corp. (SEE): Director Kenneth P. Manning Bought 10,000 Shares

Director of Sealed Air Corp., Kenneth P. Manning bought 10,000 shares on 11/10/2011 at an average price of $18.15. Sealed Air Corporation is a global leader in performance solutions for food, protective and specialty packaging. Sealed Air Corp. has a market cap of $2.91 billion; its shares were traded at around $18.15 with a P/E ratio of 10.8 and P/S ratio of 0.65. The dividend yield of Sealed Air Corp. stocks is 2.87%. Sealed Air Corp. had an annual average earnings growth of 0.4% over the past 10 years.

On Oct. 26, Sealed Air Corp. reported diluted net earnings per common share (EPS) of $0.41, compared with $0.43 in 2010. Net sales increased 10% to $1.25 billion, while gross profit was $336 million, or 26.9% of net sales, compared with $321 million, or 28.4% in 2010. Operating profit was $130 million, or 10.4% of net sales, which includes $24 million of acquisition- and integration-related expenses and lower variable incentive compensation expenses. This compares with $147 million, or 13.0%, in 2010.

Last week, Director Kenneth P. Manning bought 10,000 shares of SEE stock. Director William J. Marino, Director Lawrence R. Codey, and Director Kenneth P. Manning bought shares in August.

For the complete list of stocks that were bought by their company executives, go to: Insider Buys.
  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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