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Weekly CFO Buys Highlight

April 08, 2013 | About:
Guru GK

Guru GK

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According to GuruFocus Insider Data, these are the largest CFO buys during the past week. The overall trend of CFOs is illustrated in the chart below:



Equal Energy Ltd. (EQU): Senior Vice President and CFO Wendell Percy Chapman Bought 1,475 Shares

Senior Vice President and CFO of Equal Energy Ltd. (EQU) Wendell Percy Chapman bought 1,475 shares on 04/02/2013 at an average price of $3.88.

Equal Energy was incorporated on April 8, 2010, under the ABCA and did not carry on any active business prior to the arrangement, other than executing the arrangement agreement pursuant to which the arrangement was implemented. Equal Energy Ltd. has a market cap of $134.072 million; its shares were traded around $3.77 with a P/E ratio of 2.4178 and P/S ratio of 2.0803. The dividend yield of Equal Energy Ltd. stocks is 1.33%.

On March 14, 2013, Equal Energy Ltd. is pleased to announce its financial and operating results for the three months and year ended Dec. 31, 2012. Asset sales, including those concluded as part of Equal's strategic review process launched in May 2012, totaled $160 million. Overall the sales were completed at values in excess of our trading multiples at the time and were collectively accretive to the value of Equal. The asset sales totaled approximately 5.1 million boe of proved reserves on a net revenue interest basis and 6.8 million proved plus probable reserves. Equal received $31.40 per boe proved and $23.50 per boe on a proved plus probable basis for these sales. The proceeds of the sales were used primarily for debt reduction. Net debt, including working capital was reduced from $176 million at Dec. 31, 2011 to $18 million at Dec. 31, 2012. Based on its 2013 budgeted cash flow of $33 million, Equal's net debt to cash flow ratio has been reduced from over 5.3 times to 0.5 times.

Director and Senior Officer Donald Charles Klapko, bought 6,000 shares of EQU stock on 02/12/2013 at the average price of $3.01. Donald Charles Klapko, owns at least 6,000 shares after this. The price of the stock has increased by 25.25% since.

Martin Midstream Partners LP (MMLP): Executive Vice President and CFO Robert D. Bondurant Bought 147 Shares

Executive Vice President and CFO of Martin Midstream Partners LP (MMLP) Robert D. Bondurant bought 147 shares on 04/03/2013 at an average price of $38.52.

Martin Midstream Partners LP is a Delaware Corporation. Martin Midstream Partners LP has a market cap of $1.03 billion; its shares were traded around $38.81 with a P/E ratio of 9.8039. The dividend yield of Martin Midstream Partners LP stocks is 7.9%. Martin Midstream Partners LP had an annual average earnings growth of 1.1% over the past five years. GuruFocus rated Martin Midstream Partners LP the business predictability rank of 1-star.

On Feb. 27, 2013, Martin Midstream Partners LP announced its financial results for the fourth quarter and year endedDec. 31, 2012. The Partnership reported net income for the fourth quarter of 2012 of$6.7 million, or $0.27 per limited partner unit. This compared to net income for the fourth quarter of 2011 of $3.0 million, or $0.06 per limited partner unit. The Partnership reported net income for the year endedDec. 31, 2012 of$102.0 million, or$3.96 per limited partner unit. This compared to net income for the year ended Dec.31, 2011 of $22.8 million, or $0.92 per limited partner unit.

Executive Vice President, CA0 and Controller Wesley M. Skelton bought 87 shares of MMLP stock on 01/04/2013 at the average price of $31.06. Wesley M. Skelton owns at least 6,616 shares after this. The price of the stock has increased by 24.95% since.

For the complete list of stocks that were bought by their CFOs, 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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