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Weekly CEO Buys Highlight: Hess Corp, Constellation Energy Group Inc, GeoEye Inc, Revlon Inc, Urstadt Biddle Properties Inc.

December 28, 2008 | About:

Last week’s top CEO Buys companies were Hess Corp, Constellation Energy Group Inc, GeoEye Inc, Revlon Inc, and Urstadt Biddle Properties Inc. For the complete list of stocks that bought by their company CEOs, go to: CEO Buys.

Hess Corp. (HES): Chairman of the Board and CEO, Director, 10% Owner John B Hess Bought 195,500 Shares

Chairman of the Board and CEO, Director, 10% Owner of Hess Corp. (HES) John B Hess bought 195,500 shares on 12/19/2008 at an average price of $49.05. Hess Corporation is a global integrated energy company engaged in the exploration for and the production, purchase, transportation,n and sale of crude oil and natural gas.. The company has a market cap of $15.55 billion with a P/E ratio of 5.4 and P/S ratio of 0.49. The dividend yield of Hess Corp. stocks is 0.84%. Hess Corp. had an annual average earning growth of 19.2% over the past 10 years. GuruFocus rated Hess Corp. the business predictability rank of 3.5-star.

Hess Corp. recently reported its third quarter results for 2008. The company said that net income was up greatly, from $395 million in the third quarter of 2007 to $775 million in the third quarter 2008, almost doubling. Cash flow from operations was also up from the third quarter of 2007. Oil and Gas production was up 4000 barrels per day compared to the third quarter of 2007.

George Soros owns 2,085,988 shares as of 09/30/2008, an increase of 276.7% from the previous quarter. PRIMECAP Management owns 4,786,970 shares as of 09/30/2008, which accounts for 0.7% of the $55.92 billion portfolio of PRIMECAP Management. Ken Heebner owns 2,750,000 shares as of 09/30/2008, a decrease of 35.97% of from the previous quarter. Chris Davis sold out his holdings in the quarter that ended on 09/30/2008.

Senior Vice President John J Scelfo sold 2,038 shares of HES stock on 12/23/2008 at the average price of $48.82; the price of the stock has increased by 0.47% since.

Constellation Energy Group Inc. (CEG): Chairman, Pres. & CEO, Director Mayo A Iii Shattuck Bought 10,000 Shares

Chairman, Pres. & CEO, Director of Constellation Energy Group Inc. (CEG) Mayo A Iii Shattuck bought 10,000 shares on 12/22/2008 at an average price of $25.31. Baltimore Gas and Electric Company consists primarily of generating purchasing and selling electricity and purchasing transporting and selling natural gas. The company has a market cap of $4.87 billion with a P/E ratio of 5.7 and P/S ratio of 0.23. The dividend yield of Constellation Energy Group Inc. stocks is 7.03%. Constellation Energy Group Inc. had an annual average earning growth of 4% over the past 10 years. GuruFocus rated Constellation Energy Group Inc. the business predictability rank of 2.5-star.

Constellation Energy Inc. recently reported its third quarter results for 2008. The company announced that earnings were 76 cents per share for the quarter, compared to $1.45 per share for the third quarter of 2007. We recently reported the news that [url=http://www.gurufocus.com/StockBuy.php?GuruName=Warren+Buffett]Warren Buffett Made $1.3 Billion on the Broken Constellation Energy Deal.[/url]

David Tepper bought 17,700 shares in the quarter that ended on 09/30/2008, which is 0.08% of the $572 million portfolio of APPALOOSA MANAGEMENT LP. Jean-Marie Eveillard bought 0 shares in the quarter that ended on 09/30/2008, which is less than 0.01% of the $9.67 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC. Kenneth Fisher sold out his holdings in the quarter that ended on 09/30/2008.

Vice Chairman Michael J Wallace bought 10,000 shares of CEG stock on 12/22/2008 at the average price of $24.06; the price of the stock has increased by 5.2% since.

GeoEye Inc. (GEOY): President & CEO, Director Matthew M Oconnell Bought 6,250 Shares

President & CEO, Director of GeoEye Inc. (GEOY) Matthew M Oconnell bought 6,250 shares on 12/19/2008 at an average price of $17.91. GeoEye Inc is the world's largest commercial satellite imagery company delivering high-quality & the most accurate imagery & products to better map measure monitor & manage the world. GeoEye has a market cap of $339.85 million; its shares were traded at around $17.91 with a P/E ratio of 41.5 and P/S ratio of 1.85.

GeoEye Inc. recently reported its third quarter 2008 results. The company announced that its revenue for the quarter was down greatly, from $54 million in the third quarter 2007 to $36 million in the third quarter of 2008. The company said that the greatest reason for this decline was the loss of the company’s biggest customers: NGA.

Director Lawrence A Hough bought 2,000 shares of GEOY stock on 12/22/2008 at the average price of $15.4; the price of the stock has increased by 16.3% since.

Revlon Inc. (REV): President and CEO, Director David L Kennedy Bought 10,000 Shares

President and CEO, Director of Revlon Inc. (REV) David L Kennedy bought 10,000 shares on 12/18/2008 at an average price of $6.66. Revlon Inc. conducts its business exclusively through its subsidiary Revlon Consumer Products Corp. and its subsidiaries, which manufacture, market, and sell an extensive array of cosmetics, skin care fragrances, and personal care products. The company has a market cap of $310.97 million; its shares were traded at around $6.66 with a P/E ratio of 7.3 and P/S ratio of 0.22.

Revlon recently reported its third quarter 2008 results. The company announced that its revenue was up about $4 million compared to the third quarter of 2007. Operating income changed little during the year. The company reported a net income of 57 cents per diluted share, compared to a loss of 20 cents per diluted share a year ago.

Michael Price bought 89,000 shares in the quarter that ended on 09/30/2008, which is 0.3% of the $443 million portfolio of MFP Investors LLC.

Director, 10% Owner Ronald O Perelman bought 30,000 shares of REV stock on 12/16/2008 at the average price of $6.03; the price of the stock has increased by 10.45% since.

Urstadt Biddle Properties Inc. (UBA): Chairman of the Board and CEO, Director, 10% Owner Charles J Urstadt Bought 4,000 Shares

Chairman of the Board and CEO, Director, 10% Owner of Urstadt Biddle Properties Inc. (UBA) Charles J Urstadt bought 4,000 shares during the past week at an average price of $15.51. Urstadt Biddle Properties is a self-administered equity real estate investment trust that provides investors with an investment vehicle for participating in ownership of income-producing properties. Their core properties consist principally of community shopping centers located in the northeast. Urstadt Biddle Properties Inc. has a market cap of $411.19 million; its shares were traded at around $15.51 with and P/S ratio of 5.02. The dividend yield of Urstadt Biddle Properties Inc. stocks is 6.08%.

Urstadt Biddle Properties recently reported its fourth quarter and fiscal 2008 earnings results. The company also reported an increase in dividend for its Class A and common stock. Revenue for the fiscal year up until October 31 st was down about $1 million from 2007.

President and COO, Director, 10% Owner Willing L Biddle bought 1,000 shares of UBA stock on 11/17/2008 at the average price of $13.99; the price of the stock has increased by 10.86% since.
  • 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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