Weekly highlight of top insider buys: Weatherford International Ltd. (WFT, Financial), McMoRan Exploration Co. (MMR), Akamai Technologies Inc. (AKAM), Hormel Foods Corp. (HRL), Equity Residential (EQR, Financial)
For the complete list of stocks that were bought by their company executives, go to: Insider Buys.
Weatherford International Ltd. (WFT): Director William E Macaulay Bought 300,000 Shares
Director of Weatherford International Ltd. (WFT), William E Macaulay, bought 300,000 shares during the past week at an average price of $8.98. Weatherford International is one of the world's leading providers of equipment and services used for the drilling completion and production of oil and natural gas wells. Its operations are conducted in numerous countries and it has service and sales locations in substantially all of the oil and natural gas producing regions in the world. The company's products and services are divided into the following four principal operating divisions: Drilling and Intervention Services; Completion Systems; Artificial Lift Systems; and Compression Services. Weatherford International Ltd. has a market cap of $6.12 billion; its shares were traded at around $8.98 with a P/E ratio of 4.70 and P/S ratio of 0.65. The company had an annual average earning growth of 15.3% over the past 10 years, and was rated the business predictability rank of 1-star by GuruFocus.
The energy sector of Weatherford International Ltd. recently experienced a steep drop in price, which followed a slide in crude oil below $50 a barrel. The price of crude oil is expected to go even lower.
Weatherford International Ltd. is owned by three Gurus. As of 9/30/08, Steve Mandel owns 7,754,431 shares, which account for 3.77% of the $5.18 billion portfolio of Lone Pine Capital, Chris Davis owns 34,800 shares that account for less than 0.01% of the $74.87 billion portfolio of Davis Selected Advisers, and T Boone Pickens owns 1,887,676 shares which make up 3.69% of the $1.29 billion portfolio of BP Capital. George Soros and Ken Heebner sold out their holdings in the same quarter.
Director William E Macaulay bought 400,000 shares of WFT stock in the first week of December at the average price of 10.66, 10.79, and 9.2; the price of the stock has decreased by more than 2% since.
McMoRan Exploration Co. (MMR): Co-Chairman of the Board, Director James R Moffett Bought 151,500 Shares
Co-Chairman of the Board, Director of McMoRan Exploration Co. (MMR) James R Moffett bought 151,500 shares on 12/03/2008 at an average price of $8.56. McMoRan Exploration Co. is engaged in the exploration, development, and production of oil and gas offshore in the Gulf of Mexico and onshore in the Gulf Coast region, and in the mining purchasing, transporting, processing and marketing of sulfur. McMoRan Exploration Co. has a market cap of $603.21 million; its shares were traded at around $8.56 with a P/E ratio of 6.01 and P/S ratio of 0.45.
As of the quarter that ended in September, McMoRan Exploration Co. had a total revenue of $285.25 million, a gross profit of $215.32 million, an operating income of $18.06 million, and a net profit of $4.75 million.
As of 9/30/08, McMoRan Exploration Co. is owned by two Gurus. T Boone Pickens owns 1,317,187 shares, an increase of 25.87% from the previous quarter. This makes up 2.42% of the $1.29 billion portfolio of BP Capital. Jean-Marie Eveillard owns 403,400 shares, which accounts for 0.1% of the $9.67 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC.
Advisory Director Morrison C Bethea and James R Moffett bought shares of MMR stock in December; the price per share has decreased by more than 9% since. Director Robert Day bought 352,274 shares in August; the price of the stock has decreased by over 60% since. Robert Day also sold shares of MMR in November and December; the price per share has decreased more than 7% since the last sell.
Akamai Technologies Inc. (AKAM): Chief Scientist, Director F Thomson Leighton Bought 100,000 Shares
Chief Scientist, Director of Akamai Technologies Inc., F Thomson Leighton, bought 100,000 shares on 12/03/2008 at an average price of $13.03. Akamai Technologies Inc. is the leading global service provider for accelerating content and business processes online. Thousands of organizations have formed trusted relationships with Akamai, improving their revenue and reducing costs by maximizing the performance of their online businesses. Leveraging the Akamai Edge Platform, these organizations gain business advantage today and have the foundation for the emerging Web solutions of tomorrow. Akamai Technologies Inc. has a market cap of $2.2 billion; its shares were traded at around $13.03 with a P/E ratio of 17.12 and P/S ratio of 2.55.
The revenue of Akamai Technologies Inc. grew to $64.6 million, an increase of 8 percent from the second quarter and a 27 percent increase year-over-year. GAAP’s net income from the second quarter expanded to $15.9 million, a 13 percent increase from the last quarter.
Akamai Technologies Inc. is owned by three Gurus. Joel Greenblatt bought 20,860 shares in the quarter that ended on 09/30/2008, which is 0.57% of the $63 million portfolio of Gotham Capital. PRIMECAP Management owns 861,300 shares as of the same quarter, accounting for 0.03% of the $55.92 billion portfolio of PRIMECAP Management. Mark Hillman owns 1,413,177 shares, which accounts for 4.33% of the $569 million portfolio of Hillman Capital Management.
President & CEO, Director Paul Sagan sold 60,000 shares of AKAM stock total in June and July; the price of the stock has decreased by more than 60% since. Chief Scientist, Director F Thomson Leighton bought shares of AKAM stock in December; the price of the stock has increased by 14.2% since. Director Martin M Ii Coyne and EVP - Glbl Sales, Svcs & Mktg Robert W Hughes sold shares in July; the price per stock has decreased by more than 60% since.
Hormel Foods Corp. (HRL): Group Vice President Robert A Tegt Bought 23,908 Shares
Group Vice President of Hormel Foods Corp. (HRL), Robert A Tegt, bought 23,908 shares on 12/02/2008 at an average price of $27.1. Hormel Foods Corporation is a multinational manufacturer and marketer of consumer-branded meat and food products many of which are among the best known and trusted in the food industry. Products manufactured by the corporation include hams, bacon, sausages, franks, canned luncheon meats, stews, chilies, hash, meat spreads, shelf-stable, microwaveable, entrees, salsas, and frozen processed foods, which are sold to retail foodservice and wholesale operations. The company has a market cap of $3.65 billion; its shares were traded at around $27.1 with a P/E ratio of 13.02 and P/S ratio of 0.53. The dividend yield of Hormel Foods Corp. stocks is 2.79%. Hormel Foods Corp. had an annual average earning growth of 11.6% over the past 10 years. Hormel Foods Corp. was rated the business predictability rank of 4.5-star by GuruFocus.
Hormel Foods Corp. reported 4th quarter 2008 earnings of $0.50 per share and annual 2008 earnings of $2.08 per share on 11/25/2008.
As of the quarter than ended on 9/30/08, Hormel Foods Corp. is owned by 2 Gurus. Kenneth Fisher owns 21,100 shares, which accounts for less than 0.01% of the $31.63 billion portfolio of Fisher Asset Management, LLC. David Dreman owns 167,150 shares, and it accounts for 0.06% of the $10.85 billion portfolio of Dreman Value Management.
Chairman, President and CEO, Director Jeffrey M Ettinger bought 10,000 shares of HRL stock in December at the average price of $25.08; the price of the stock has increased by 8.05% since. Director Ronald D Pearson , Group Vice President Robert A Tegt , and Vice Presidents Daniel A Hartzog and Deanna T Brady bought shares of HRL in last few months; the price per share has increased about 7% since the last buy. Executive Vice President Ronald W Fielding sold shares of HRL stock in December.
Equity Residential (EQR): Chairman of the Board Samuel Zell Bought 20,000 Shares
Chairman of the Board of Equity Residential (EQR), Samuel Zell, bought 20,000 shares on 12/01/2008 at an average price of $33.64. Equity Residential is a self-administered and self-managed equity real estate investment trust. The company's subsidiaries include the Operating Partnership, a series of management limited partnerships and companies, the Financing Partnerships, the limited liability companies, and certain other entities. Equity Residential has a market cap of $9.15 billion; its shares were traded at around $33.64 with a P/E ratio of 16.18 and P/S ratio of 3.71. The dividend yield of Equity Residential stocks is 6.34%. Equity Residential had an annual average earning growth of 0.9% over the past 10 years. GuruFocus rated Equity Residential the business predictability rank of 1-star.
According to the income statements released in November, Equity Residential has a total revenue of $521,265 thousand, a gross profit of $309,942 thousand, and a net income of $174,613 thousand.
Equity Residential is owned by three Gurus. As of 9/30/08, John Keeley owns 5,324 shares, which account for less than 0.01% of the $9.04 billion portfolio of Keeley Fund Management, Chris Davis owns 6,146 shares, which account for less than 0.01% of the $74.87 billion portfolio of Davis Selected Advisers, and Dodge & Cox owns 61,500 shares, which account for less than 0.01% of the $90.25 billion portfolio of Dodge & Cox.
President & CEO, Director David J Neithercut sold 59,246 shares of EQR stock in August at the average price of $46; the price of the stock has decreased by 26.87% since. Chairman of the Board Samuel Zell bought 20,000 shares in December; the price of the stock has increased by 13.46% since.
Vice Chairman Gerald A Spector and Executive Vice President Frederick C Tuomi sold shares in November and September respectively; the price per share has increased more over 10% since. General Counsel/EVP Bruce C Strohm , EVP-Operations David S Santee , Director John W Alexander , and Executive Vice President John Powers sold 10,000 or less shares of EQR in August; the price per share has decreased by over 20% since.
For the complete list of stocks that were bought by their company executives, go to: Insider Buys.
Weatherford International Ltd. (WFT): Director William E Macaulay Bought 300,000 Shares
Director of Weatherford International Ltd. (WFT), William E Macaulay, bought 300,000 shares during the past week at an average price of $8.98. Weatherford International is one of the world's leading providers of equipment and services used for the drilling completion and production of oil and natural gas wells. Its operations are conducted in numerous countries and it has service and sales locations in substantially all of the oil and natural gas producing regions in the world. The company's products and services are divided into the following four principal operating divisions: Drilling and Intervention Services; Completion Systems; Artificial Lift Systems; and Compression Services. Weatherford International Ltd. has a market cap of $6.12 billion; its shares were traded at around $8.98 with a P/E ratio of 4.70 and P/S ratio of 0.65. The company had an annual average earning growth of 15.3% over the past 10 years, and was rated the business predictability rank of 1-star by GuruFocus.
The energy sector of Weatherford International Ltd. recently experienced a steep drop in price, which followed a slide in crude oil below $50 a barrel. The price of crude oil is expected to go even lower.
Weatherford International Ltd. is owned by three Gurus. As of 9/30/08, Steve Mandel owns 7,754,431 shares, which account for 3.77% of the $5.18 billion portfolio of Lone Pine Capital, Chris Davis owns 34,800 shares that account for less than 0.01% of the $74.87 billion portfolio of Davis Selected Advisers, and T Boone Pickens owns 1,887,676 shares which make up 3.69% of the $1.29 billion portfolio of BP Capital. George Soros and Ken Heebner sold out their holdings in the same quarter.
Director William E Macaulay bought 400,000 shares of WFT stock in the first week of December at the average price of 10.66, 10.79, and 9.2; the price of the stock has decreased by more than 2% since.
McMoRan Exploration Co. (MMR): Co-Chairman of the Board, Director James R Moffett Bought 151,500 Shares
Co-Chairman of the Board, Director of McMoRan Exploration Co. (MMR) James R Moffett bought 151,500 shares on 12/03/2008 at an average price of $8.56. McMoRan Exploration Co. is engaged in the exploration, development, and production of oil and gas offshore in the Gulf of Mexico and onshore in the Gulf Coast region, and in the mining purchasing, transporting, processing and marketing of sulfur. McMoRan Exploration Co. has a market cap of $603.21 million; its shares were traded at around $8.56 with a P/E ratio of 6.01 and P/S ratio of 0.45.
As of the quarter that ended in September, McMoRan Exploration Co. had a total revenue of $285.25 million, a gross profit of $215.32 million, an operating income of $18.06 million, and a net profit of $4.75 million.
As of 9/30/08, McMoRan Exploration Co. is owned by two Gurus. T Boone Pickens owns 1,317,187 shares, an increase of 25.87% from the previous quarter. This makes up 2.42% of the $1.29 billion portfolio of BP Capital. Jean-Marie Eveillard owns 403,400 shares, which accounts for 0.1% of the $9.67 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC.
Advisory Director Morrison C Bethea and James R Moffett bought shares of MMR stock in December; the price per share has decreased by more than 9% since. Director Robert Day bought 352,274 shares in August; the price of the stock has decreased by over 60% since. Robert Day also sold shares of MMR in November and December; the price per share has decreased more than 7% since the last sell.
Akamai Technologies Inc. (AKAM): Chief Scientist, Director F Thomson Leighton Bought 100,000 Shares
Chief Scientist, Director of Akamai Technologies Inc., F Thomson Leighton, bought 100,000 shares on 12/03/2008 at an average price of $13.03. Akamai Technologies Inc. is the leading global service provider for accelerating content and business processes online. Thousands of organizations have formed trusted relationships with Akamai, improving their revenue and reducing costs by maximizing the performance of their online businesses. Leveraging the Akamai Edge Platform, these organizations gain business advantage today and have the foundation for the emerging Web solutions of tomorrow. Akamai Technologies Inc. has a market cap of $2.2 billion; its shares were traded at around $13.03 with a P/E ratio of 17.12 and P/S ratio of 2.55.
The revenue of Akamai Technologies Inc. grew to $64.6 million, an increase of 8 percent from the second quarter and a 27 percent increase year-over-year. GAAP’s net income from the second quarter expanded to $15.9 million, a 13 percent increase from the last quarter.
Akamai Technologies Inc. is owned by three Gurus. Joel Greenblatt bought 20,860 shares in the quarter that ended on 09/30/2008, which is 0.57% of the $63 million portfolio of Gotham Capital. PRIMECAP Management owns 861,300 shares as of the same quarter, accounting for 0.03% of the $55.92 billion portfolio of PRIMECAP Management. Mark Hillman owns 1,413,177 shares, which accounts for 4.33% of the $569 million portfolio of Hillman Capital Management.
President & CEO, Director Paul Sagan sold 60,000 shares of AKAM stock total in June and July; the price of the stock has decreased by more than 60% since. Chief Scientist, Director F Thomson Leighton bought shares of AKAM stock in December; the price of the stock has increased by 14.2% since. Director Martin M Ii Coyne and EVP - Glbl Sales, Svcs & Mktg Robert W Hughes sold shares in July; the price per stock has decreased by more than 60% since.
Hormel Foods Corp. (HRL): Group Vice President Robert A Tegt Bought 23,908 Shares
Group Vice President of Hormel Foods Corp. (HRL), Robert A Tegt, bought 23,908 shares on 12/02/2008 at an average price of $27.1. Hormel Foods Corporation is a multinational manufacturer and marketer of consumer-branded meat and food products many of which are among the best known and trusted in the food industry. Products manufactured by the corporation include hams, bacon, sausages, franks, canned luncheon meats, stews, chilies, hash, meat spreads, shelf-stable, microwaveable, entrees, salsas, and frozen processed foods, which are sold to retail foodservice and wholesale operations. The company has a market cap of $3.65 billion; its shares were traded at around $27.1 with a P/E ratio of 13.02 and P/S ratio of 0.53. The dividend yield of Hormel Foods Corp. stocks is 2.79%. Hormel Foods Corp. had an annual average earning growth of 11.6% over the past 10 years. Hormel Foods Corp. was rated the business predictability rank of 4.5-star by GuruFocus.
Hormel Foods Corp. reported 4th quarter 2008 earnings of $0.50 per share and annual 2008 earnings of $2.08 per share on 11/25/2008.
As of the quarter than ended on 9/30/08, Hormel Foods Corp. is owned by 2 Gurus. Kenneth Fisher owns 21,100 shares, which accounts for less than 0.01% of the $31.63 billion portfolio of Fisher Asset Management, LLC. David Dreman owns 167,150 shares, and it accounts for 0.06% of the $10.85 billion portfolio of Dreman Value Management.
Chairman, President and CEO, Director Jeffrey M Ettinger bought 10,000 shares of HRL stock in December at the average price of $25.08; the price of the stock has increased by 8.05% since. Director Ronald D Pearson , Group Vice President Robert A Tegt , and Vice Presidents Daniel A Hartzog and Deanna T Brady bought shares of HRL in last few months; the price per share has increased about 7% since the last buy. Executive Vice President Ronald W Fielding sold shares of HRL stock in December.
Equity Residential (EQR): Chairman of the Board Samuel Zell Bought 20,000 Shares
Chairman of the Board of Equity Residential (EQR), Samuel Zell, bought 20,000 shares on 12/01/2008 at an average price of $33.64. Equity Residential is a self-administered and self-managed equity real estate investment trust. The company's subsidiaries include the Operating Partnership, a series of management limited partnerships and companies, the Financing Partnerships, the limited liability companies, and certain other entities. Equity Residential has a market cap of $9.15 billion; its shares were traded at around $33.64 with a P/E ratio of 16.18 and P/S ratio of 3.71. The dividend yield of Equity Residential stocks is 6.34%. Equity Residential had an annual average earning growth of 0.9% over the past 10 years. GuruFocus rated Equity Residential the business predictability rank of 1-star.
According to the income statements released in November, Equity Residential has a total revenue of $521,265 thousand, a gross profit of $309,942 thousand, and a net income of $174,613 thousand.
Equity Residential is owned by three Gurus. As of 9/30/08, John Keeley owns 5,324 shares, which account for less than 0.01% of the $9.04 billion portfolio of Keeley Fund Management, Chris Davis owns 6,146 shares, which account for less than 0.01% of the $74.87 billion portfolio of Davis Selected Advisers, and Dodge & Cox owns 61,500 shares, which account for less than 0.01% of the $90.25 billion portfolio of Dodge & Cox.
President & CEO, Director David J Neithercut sold 59,246 shares of EQR stock in August at the average price of $46; the price of the stock has decreased by 26.87% since. Chairman of the Board Samuel Zell bought 20,000 shares in December; the price of the stock has increased by 13.46% since.
Vice Chairman Gerald A Spector and Executive Vice President Frederick C Tuomi sold shares in November and September respectively; the price per share has increased more over 10% since. General Counsel/EVP Bruce C Strohm , EVP-Operations David S Santee , Director John W Alexander , and Executive Vice President John Powers sold 10,000 or less shares of EQR in August; the price per share has decreased by over 20% since.
