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Weekly Top Insider Buys: APA, IDXX, LIP, EFTC, XLS

December 25, 2011 | About:
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gururk

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Weekly highlight of top insider buys: Apache Corp. (APA), IDEXX Laboratories Inc. (IDXX), Laredo Petroleum (LIP), E*TRADE Financial Corp. (ETFC), and Exelis Inc. (XLS).

Apache Corp. (APA): Director William C. Montgomery Bought 2,000 Shares

Director of Apache Corp., William C. Montgomery, bought 2,000 shares on 12/20/2011 at an average price of $91.17. Apache Corporation is an independent energy company that explores for, develops and produces natural gas, crude oil and natural gas liquids. Apache Corp. has a market cap of $35.01 billion; its shares were traded at around $91.17 with a P/E ratio of 8.12 and P/S ratio of 2.9. The dividend yield of Apache Corp. stocks is 0.66%. Apache Corp. had an annual average earnings growth of 15.2% over the past 10 years. GuruFocus rated Apache Corp. the business predictability rank of 2.5-star.

Apache Corporation recently reported production of 752,000 barrels of oil equivalent (boe) per day and earnings of $983 million, or $2.50 per diluted share, for the three-month period ending Sept. 30, 2011. These compare with production of 667,000 boe per day and net income of $765 million, or $2.12 per diluted share, for the same period in the prior year.

Last week, Director William C. Montgomery bought 2,000 shares of APA stock. Director William C. Montgomery and Director Chansoo Joung bought shares last month. Senior Vice President Janine J. Mcardle and President and Rodney J. Eichler sold shares in November.

IDEXX Laboratories Inc. (IDXX): Director Robert J. Murray Bought 6,500 Shares

Director of IDEXX Laboratories Inc., Robert J. Murray, bought 6,500 shares on 12/16/2011 at an average price of $77.11. IDEXX Laboratories Inc. is a world leader in providing diagnostic, detection, and information products to the animal health industry as well as quality assurance products and services to the food and water industries. Idexx Laboratories Inc. has a market cap of $4.33 billion; its shares were traded at around $77.11 with a P/E ratio of 28.88 and P/S ratio of 3.92. Idexx Laboratories Inc. had an annual average earnings growth of 17.6% over the past 10 years. GuruFocus rated Idexx Laboratories Inc. the business predictability rank of 5-star.

On October 21, IDEXX Laboratories Inc. reported that revenues for the third quarter of 2011 increased 12% to $301.0 million, from $269.6 million for the third quarter of 2010. Organic revenue growth, as defined below, was 8%. Earnings per diluted share for the quarter ended Sept. 30, 2011 increased 12% to $0.66, compared to $0.59 for the same period in the prior year.

Last week, Chairman, President and CEO Jonathan W. Ayers sold 15,000 shares of IDXX stock and Director Robert J. Murray bought 6,500 shares. In November, Corporate Vice President, General Counsel and Secretary Conan R. Deady and Director Rebecca M. Henderson sold shares.

White Mountains Insurance Group Ltd. (WTM): Director Morgan W. Davis Bought 5,000 Shares

Director of White Mountains Insurance Group Ltd., Morgan W. Davis, bought 5,000 shares on 12/19/2011 at an average price of $447.75. White Mountains Insurance Group, Ltd. is engaged in the business of property and casualty insurance and reinsurance. White Mountains Insurance Group Ltd. has a market cap of $3.42 billion; its shares were traded at around $447.75 with a P/E ratio of 41.85 and P/S ratio of 0.96. The dividend yield of White Mountains Insurance Group Ltd. stocks is 0.22%.

On October 28, White Mountains Insurance Group Ltd. an adjusted book value per share of $436 at Sept. 30, 2011, down 2.6% for the quarter and 0.8% for the first nine months of 2011, including dividends. On Oct. 7, 2011, White Mountains completed the sale of Esurance and Answer Financial. Pro-forma for the transaction, adjusted book value per share was $523 at Sept. 30, 2011.

Last week, Director Angelo Michael Frinquelli and Director Morgan W. Davis bought shares of WTM stock. Chairman of the Board Raymond Joseph Rene Barrette bought 36 shares in October. Managing Director Reid Tarlton Campbell sold 500 shares this month.

E*TRADE Financial Corp. (ETFC): Director Advisors LLC Citadel Bought 1,975 Shares

Director of E*TRADE Financial Corp., Advisors LLC Citadel, bought 1,975 shares on 12/19/2011 at an average price of $7.95. The E*TRADE FINANCIAL family of companies provide financial services including brokerage, banking and lending for retail, corporate and institutional customers. E*trade Financial Corp. has a market cap of $2.27 billion; its shares were traded at around $7.95 with a P/E ratio of 17.67 and P/S ratio of 1.09.

On October 19, E*TRADE Financial Corporation announced results for its third quarter ended Sept. 30, 2011, reporting net income of $71 million, or $0.24 per share, compared with net income of $47 million, or $0.16 per share, in the prior quarter and net income of $8 million, or $0.03 per share, in the third quarter of 2010. The company reported total net revenue of $507 million for the third quarter, compared with $518 million in the prior quarter and$489 million in the year-ago period.

Last week, Director Advisors LLC Citadel bought 1,975 shares of ETFC stock. Executive Vice President and Chief Marketing Officer Nicholas Utton bought 6,000 shares last month. Executive Vice President and Chief Marketing Officer Nicholas Utton and Chief Executive Officer Steven J. Freiberg bought shares in August. Director Lewis E. Randall sold 14,000 shares in November.

Exelis Inc. (XLS): Director R. David Yost Bought 10,000 Shares

Director of Exelis Inc., R. David Yost, bought 10,000 shares on 12/19/2011 at an average price of $9.12. Exelis Inc. is an aerospace, defense and information solutions company engaged in providing command, control, communications, computers, intelligence, surveillance, and reconnaissance related products and systems to military, government and commercial customers. Exelis Inc. has a market cap of $1.68 billion; its shares were traded at around $9.12 . The dividend yield of Exelis Inc. stocks is 1.13%.

Last week, CEO and President David F. Melcher, Director Patrick J. Moore, and Director R. David Yost bought shares of XLS stock.

For the complete list of stocks 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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