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Contango Oil and Gas Co (MCF) CFO Sergio Castro sells 3,159 Shares

February 29, 2012 | About:
gurufocus

insider

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CFO of Contango Oil and Gas Co (MCF) Sergio Castro sells 3,159 shares of MCF on 02/21/2012 at an average price of $64.38 a share.

Contango Oil&gs has a market cap of $984.6 million; its shares were traded at around $63.58 with a P/E ratio of 14.5 and P/S ratio of 4.8.


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




Directors and Officers Recent Trades:


  • Vice President and Controller Yaroslava Makalskaya bought 250 shares of MCF stock on 09/23/2011 at the average price of 53.88. Yaroslava Makalskaya owns at least 250 shares after this. The price of the stock has increased by 18% since.
  • Director Steven L Schoonover sold 26,000 shares of MCF stock on 12/23/2011 at the average price of 59.17. Steven L Schoonover owns at least 71,252 shares after this. The price of the stock has increased by 7.45% since.
  • Director Steven L Schoonover sold 30,000 shares of MCF stock on 12/21/2011 at the average price of 59.27. Steven L Schoonover owns at least 97,252 shares after this. The price of the stock has increased by 7.27% since.
  • Director Steven L Schoonover sold 4,000 shares of MCF stock on 12/16/2011 at the average price of 59.36. Steven L Schoonover owns at least 127,252 shares after this. The price of the stock has increased by 7.11% since.


For the complete insider trading history of MCF, click here.

About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • 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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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: 5.0/5 (1 vote)

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