Weekly CEO Buys Highlight: ARP, HES, CIT, OSK, IPHI

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May 06, 2012
According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below:


Atlas Res Ptnrs (ARP, Financial): Chairman & CEO Edward E Cohen Bought 200,000 Shares


Chairman & CEO of Atlas Res Ptnrs (ARP) Edward E Cohen bought 200,000 shares on 04/30/2012 at an average price of $26.55. Atlas Resource Partners, L.P. owns natural gas and oil development and production assets. Atlas Res Ptnrs has a market cap of $683 million; its shares were traded at around $26.55 . The dividend yield of Atlas Res Ptnrs stocks is 0.5%.


Atlas Resource Partners recently reported adjusted earnings before interest, income taxes, depreciation and amortization, of $51.1 million for the first quarter of 2012 as volumes increased across all systems versus the same period last year.


Vice Chairman Jonathan Z Cohen bought 200,000 shares of ARP stock on 04/30/2012 at the average price of 20. Jonathan Z Cohen owns at least 336,851 shares after this. The price of the stock has increased by 32.75% since.


Hess Corp (HES, Financial): Chairman of the Board and CEO, 10% Owner John B Hess Bought 48,000 Shares


Chairman of the Board and CEO, 10% Owner of Hess Corp (HES) John B Hess bought 48,000 shares on 04/30/2012 at an average price of $50.93. Hess Corporation, is a global integrated energy company engaged in the exploration for and the production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products, electricity. Hess Corp has a market cap of $17.68 billion; its shares were traded at around $50.93 with a P/E ratio of 9.3 and P/S ratio of 0.5. The dividend yield of Hess Corp stocks is 0.8%. Hess Corp had an annual average earnings growth of 7.2% over the past 10 years.


Hess recently reported its first quarter 2012 results. The company announced that net income of $545 million for the first quarter of 2012, compared with $929 million for the first quarter of 2011.


PRIMECAP Management owns 6,553,808 shares as of 12/31/2011, which accounts for 0.59% of the $62.67 billion portfolio of PRIMECAP Management. Dodge & Cox owns 7,052 shares as of 12/31/2011, which accounts for less than 0.01% of the $70.98 billion portfolio of Dodge & Cox. Mario Gabelli owns 108,860 shares as of 12/31/2011, which accounts for 0.049% of the $12.57 billion portfolio of GAMCO Investors. NWQ Managers owns 3,905,564 shares as of 12/31/2011, which accounts for 1.5% of the $15.4 billion portfolio of NWQ Investment Management Co.


Director John H Mullin Iii bought 10,000 shares of HES stock on 05/03/2012 at the average price of 53.63. John H Mullin Iii owns at least 36,781 shares after this. The price of the stock has decreased by 5.03% since. Other insiders have also increased their positions in the company.


Cit Group (CIT, Financial): Chairman & CEO John A Thain Bought 30,000 Shares


Chairman & CEO of Cit Group (CIT) John A Thain bought 30,000 shares during the past week at an average price of $38.12. CIT Group Inc. is a bank holding company that provides financing and leasing capital for commercial companies throughout the world. Cit Group has a market cap of $7.62 billion; its shares were traded at around $38.12 with and P/S ratio of 1.6.


CIT Group recently announced its first quarter 2012 financial results. The company reported a net loss for the quarter ended March 31, 2012 of $447 million, $2.22 per diluted share. This net loss compares to net income of $66 million, $0.33 per diluted share, for the first quarter of 2011.


Michael Price owns 287,500 shares as of 12/31/2011, which accounts for 1.6% of the $618 million portfolio of MFP Investors LLC. John Keeley owns 219,570 shares as of 12/31/2011, which accounts for 0.16% of the $4.78 billion portfolio of Keeley Fund Management. Whitney Tilson owns 7,078 shares as of 12/31/2011, which accounts for 0.13% of the $195 million portfolio of T2 Partners Management, LP. Third Avenue Management sold out his holdings in the quarter that ended on 12/31/2011.


Oshkosh Corp (OSK, Financial): President and CEO Charles L Szews Bought 15,000 Shares


President and CEO of Oshkosh Corp (OSK) Charles L Szews bought 15,000 shares on 05/03/2012 at an average price of $22.96. Oshkosh Corporation is a designer, manufacturer and marketer of a broad range of specialty access equipment, commercial, fire & emergency and military vehicles and vehicle bodies. Oshkosh Corp has a market cap of $2.14 billion; its shares were traded at around $22.96 with a P/E ratio of 11.4 and P/S ratio of 0.3.


OSK recently reported fiscal 2012 second quarter net income attributable to Oshkosh Corporation of $37.3 million, or $0.41 per diluted share, compared to $67.9 million, or $0.74 per diluted share, in the second quarter of fiscal 2011.


James Barrow owns 2,784,895 shares as of 12/31/2011, which accounts for 0.13% of the $46.16 billion portfolio of Barrow, Hanley, Mewhinney & Strauss. Robert Rodriguez owns 1,266,900 shares as of 03/31/2012, which accounts for 3.3% of the $887 million portfolio of FPA Capital. Carl Icahn owns 8,665,260 shares as of 12/31/2011, which accounts for 1.6% of the $11.65 billion portfolio of Icahn Capital Management LP.


Director Richard G Sim sold 37,250 shares of OSK stock on 05/03/2012 at the average price of 23.56. Richard G Sim owns at least 24,537 shares after this. The price of the stock has decreased by 2.55% since.


Inphi Corp (IPHI, Financial): President and CEO Ford Tamer Bought 30,000 Shares


President and CEO of Inphi Corp (IPHI) Ford Tamer bought 30,000 shares on 05/03/2012 at an average price of $10.02. Inphi Corporation operates as a provider of fabless high-speed analog semiconductor solutions for the communications and computing markets. Inphi Corp has a market cap of $269.6 million; its shares were traded at around $10.02 with and P/S ratio of 3.4.


IPHI recently reported its first quarter 2012 results. Revenue for the first quarter of 2012 was $20.2 million, compared with $21.5 million for the first quarter of 2011. The revenue in Q1 2012 is up 17% sequentially from the $17.3 million the company reported in the fourth quarter of 2011.


VP of Worldwide Sales Ron Torten sold 11,285 shares of IPHI stock on 02/27/2012 at the average price of 13.88. Ron Torten owns at least 57,730 shares after this. The price of the stock has decreased by 27.81% since. Other insiders have also decreased their positions in the company.