Top 3 Insider Buys Highlighted by Energy Companies

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Jul 12, 2013
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The following three companies reported the largest insider buys over the duration of the past week. These insider buys are the largest in terms of transaction amount as well as amount of insiders buying back into their companies.

Oiltanking Partners LP (OILT)


During the past week, two insiders made buys into Oiltanking Partners. The most significant buy came from President, CEO and Director Anne-Marie Ainsworth.

Anne-Marie Ainsworth bought a total of 1,000 shares at an average price of $50.75 per share. This cost her a total of $50,750. Since her buy, the price per share has decreased by 1.75%. Ainsworth currently holds at least 7,000 shares of Oiltanking Partners’ stock.

Director David Griffis made a much smaller buy of 100 shares. These shares traded for $49.99 for a total transaction amount of $4,999. Since his buy, the price per share has dropped by approximately 0.26%. Griffis now holds on to at least 8,659 shares of company stock.

Oiltanking Partners has seen an increase in insider buying as the price per share has risen. The price per share is currently sitting near the 52-week and two-year high of $52.40.



Oiltanking Partners engages in the terminalling, storage and transportation of crude oil, refined petroleum products and liquefied petroleum gas. The company’s assets are located along the Gulf of Mexico in Houston and Beaumont.[/size]

Oiltanking Partners’ historical price, revenue and net income:

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The Peter Lynch chart shows that the company appears to be undervalued:

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The analysis on Oiltanking Partners reports:

· The revenue has been in decline for the past three years

· The dividend yield is at a 1-year low.

· The price is nearing a 2-year high of $52.40

· The P/S ratio is close to a 1-year high of 7.21.

Oiltanking Partners has a market cap of $1.94 billion; its shares were traded at around $49.86 with a P/E ratio of 7.60 and a P/S ratio of 6.90. The dividend yield for the company is 3.10%.

There are currently no gurus that hold a position in OILT.

Digirad Corporation (DRAD)

The directors Jeffrey Eberwein and Charles Gillman continued their insider buying this past week by making two transactions each.

The two directors each added a total of 30,000 shares to their stakes in Digirad Corp. Both Eberwein and Gillman added 15,000 shares to their positions on July 8. They purchased these shares for $2.45 each for a total transaction amount of $36,750 per director. Since their initial buy, the price per share has dropped by approximately 0.82%.

On July 11, the directors made another buy, both adding 15,000 shares to their holdings. These shares traded at $2.43 for a total of $36,450 per director. Since this buy the price has not changed.

Jeffrey Eberwein and Charles Gilman both currently own at least 721,985 shares of Digirad stock.



Digirad develops, manufactures and distributes solid-state medical imaging products and services for use in detecting cardiovascular diseases as well as other medical problems. The company designed the first solid-state gamma camera.

Digirad’s historical price, revenue and net income:

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The income statement of Digirad shows that the revenue for the company has been declining since 2008. The company has also seen net losses due to the decrease in revenue and generally high cost in expenses. Digirad’s income has been in the red before depreciation, depletion and amortization has even been taken out for the past four years. Despite these factors, the company still holds no debt.

Digirad Corp. has a market cap of $46.8 million; its shares were traded at around $2.43 with a P/S ratio of 0.90.

Jim Simons currently holds 766,500 shares of Digirad representing 3.98% of the company’s shares outstanding.

BreitBurn Energy Partners LP (BBEP)

BreitBurn Energy Partners reported the largest insider transaction this week. Three corporate executives and one director made significant buys into the company.

CEO Halbert Washburn made the largest buy, adding 30,000 shares at an average price of $14.92 per share. This cost the CEO a total of $447,600. Since his buy, the price per share has increased approximately 19.03%. Washburn currently holds a total of 1,106,291 shares of company stock.

CFO and Executive VP James Jackson added 10,000 shares to his holdings at an average price of $15.25 per share. This transaction cost him a total of $152,500. Since his buy, the price per share has increased 16.46%. Jackson currently holds at least 247,089 shares of BreitBurn stock.

Chief Admin Officer Gregory Brown made the second largest buy this past week by adding 16,000 shares to his stake. Brown purchased these shares at an average price of $15.07 per share for a total transaction amount of $241,120. Since his most recent buy, the price per share has increased approximately 17.85%. Brown now owns a total of 253,910 shares of company stock.

Director John Butler added the smallest amount by buying 1,535 shares. He purchased these shares at an average price of $16.20 per share for a total transaction amount of $24,876. Since his buy, the price per share has increased 9.63%. Butler now owns a total of 60,836 shares of company stock.



The analysis on BreitBurn reports:

· BreitBurn’s revenue has been in decline for the past five years.

· The company has issued $316.822 million of debt in the past three years.

· The dividend yield is at a three-year high.

BreitBurn Energy Partners has a market cap of $1.77 billion; its shares were traded at around $17.76 with a P/E ratio of 33.20 and a P/S ratio of 3.10. The dividend yield of BreitBurn stocks is 10.50%.

There are currently no gurus that maintain holdings in BreitBurn.

You can view the complete list of insider trades here. Also try our All-in-One Screener to view the top CEO and CFO buys over the past week.