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Market Tumbles, Insiders of These Companies Are Buying: Southern Copper Corp., Weatherford International Ltd., Camden Property Trust, Wells Fargo & Company, United Bankshares Inc.

February 22, 2009 | About:

US Stock Market had a terrible week last week, however, GuruFocus reports that these companies have the heaviest insider buying activity last week:

Southern Copper Corp. (PCU)

Weatherford International Ltd. (WFT)

Camden Property Trust (CPT)

Wells Fargo & Company (WFC)

United Bankshares Inc. (UBSI)


For the complete list of stocks that were bought by their company executives, go to: Insider Buys.

Southern Copper Corp. (PCU): Chairman of the Board, Director German Larrea Mota Velasco Bought 100,000 Shares

Chairman of the Board, Director of Southern Copper Corp., German Larrea Mota Velasco, bought 100,000 shares on 02/17/2009 at an average price of $13.66.

Southern Peru Copper Corp mines copper in Mexico and Peru. It has a market cap of $13.29 billion and its shares were traded at around $13.66 with a P/E ratio of 4.58. The dividend yield of Southern Copper Corp. stocks is 8.91%. Southern Copper Corp. had an annual average earning growth of 46.7% over the past 10 years.

On January 30, 2009, Southern Copper Corp. released its fourth quarter and yearly earnings. Net sales in the fourth quarter 2008 and in year 2008 were $449.7 million and $4,850.8 million respectively, compared to $1,294.5 million and $6,085.7 million in the comparable 2007 periods. Net earnings in year 2008 totaled $1,406.6 million compared with $2,216.4 million in the year 2007. Net loss in the fourth quarter of 2008 totaled $124.7 million.

President and CEO, Director Oscar Gonzalez Rocha bought 12,000 shares of PCU stock in December at the average price of $12.3; the price of the stock has increased by 11.06% since. 10% Owner Mexico, S.a.b. De C.v. Grupo has bought 1,039,534 stock total through January and February; the price of the stock has decreased by 3.39% since the last buy. Chairman of the Board, Director German Larrea Mota Velasco bought 100,000 shares of PCU stock on 02/17/2009; the price of the stock has decreased by 3.19% since.

Weatherford International Ltd. (WFT): Director Nicholas F Brady Bought 100,000 Shares

Director of Weatherford International Ltd., Nicholas F Brady, bought 100,000 shares on 02/18/2009 at an average price of $10.01.

Weatherford International provides equipment and services for drilling oil and gas wells. It has a global footprint. It has a market cap of $7.31 billion and its shares were traded at around $10.01 with a P/E ratio of 5.28 and P/S ratio of 0.76. Weatherford International Ltd. had an annual average earning growth of 15.3% over the past 10 years.

WFT recently reported its fourth quarter and annual results for 2008. Fourth quarter revenues were $2,635 million, or 20 percent higher than the same period last year. Fourth quarter net income from continuing operations were $364 million, excluding an after tax loss of $0.03 for investigation and exit costs incurred in connection with the company's withdrawal from sanctioned countries. For the year ended December 31, 2008, revenues were $9.6 billion, 23% higher than 2007, and income from continuing operations before non-recurring items was $1,399 million, an increase of 20% from 2007.

Director Nicholas F Brady bought 200,000 shares of WFT stock total December through January; the price of the stock has increased by 7.17% since the last buy. Director Robert B Millard bought 50,000 shares of WFT stock in February; the price of the stock has increased by 6.83% since. Director William E Macaulay bought 500,000 shares of total December through February; the price of the stock has increased by 1.83% since the last buy.

Camden Property Trust (CPT): Director Steven A Webster Bought 28,500 Shares

Director of Camden Property Trust, Steven A Webster, bought 28,500 shares on 02/13/2009 at an average price of $20.93.

Camden Property Trust is a Real Estate Investment Trust (REIT). It builds, owns and operates multi-family apartment communities in the Southwest and Mountain regions of the United States. Camden Property Trust has a market cap of $1.18 billion; its shares were traded at around $20.93 with a P/E ratio of 7.69 and P/S ratio of 1.9. The dividend yield of Camden Property Trust stocks is 12.6%. Camden Property Trust had an annual average earning growth of 3.1% over the past 10 years.

CPT recently reported its fourth-quarter and annual results for 2008. The company reported a net loss of $34.9 million for the fourth quarter of 2008, as compared to net income of $81.0 million for the same period in 2007. For the twelve months ended December 31, 2008, net income totaled $71.0 million or $1.28 per diluted share, as compared to $148.5 million or $2.51 per diluted share for the same period in 2007.

Chairman and CEO, Director Richard J Campo sold 125,400 shares of CPT stock on 12/19/2008; the price of the stock has decreased by more than 33% since. Director Steven A Webster bought 48,500 shares of CPT stock total November through February; the price of the stock has decreased by 5.68% since the last buy. President, Director D Keith Oden sold 135,000 shares of CPT stock on 12/18/2008; the price of the stock has decreased by more than 33% since. SVP - Real Estate Investments William W. Sengelmann sold 1,071 shares in September; the price of the stock has decreased by 58.51% since.

Wells Fargo & Company (WFC): Director Michael W Wright Bought 42,500 Shares

Director of Wells Fargo & Company, Michael W Wright, bought 42,500 shares during the past week at an average price of $10.91.

Wells Fargo & Company is a bank holding company. Wells Fargo & Company has a market cap of $58.76 billion; its shares were traded at around $10.91 with a P/E ratio of 18.99 and P/S ratio of 1.13. The dividend yield of Wells Fargo & Company stocks is 8.63%. Wells Fargo & Company had an annual average earning growth of 10.8% over the past 10 years. GuruFocus gives Wells Fargo & Company 4- Star for its business predictability.

Wells Fargo & Company recently reported a record revenue of $42.23 billion for the full year of 2008, up 7 percent from prior year, a full year net income of $2.84 billion and a fourth quarter net loss of $2.55 billion, or 0.79 per share, after significant de-risking and merger-related charges.

Director Cynthia Milligan and Director Michael W Wright both bought shares of WFC stock in February. Director Judith M Runstad bought 31,600 shares January through February; the price of the stock has decreased by 12.72% since the last buy. Director Stephen W Sanger bought 4,000 shares of WFC stock on 01/29/2009 at the average price of $19.9; the price of the stock has decreased by 45.18% since.

United Bankshares Inc. (UBSI): Director John M Mcmahon Bought 50,000 Shares

Director of United Bankshares Inc., John M Mcmahon, bought 50,000 shares on 02/18/2009 at an average price of $15.37.

United Bankshares Inc. is a bank holding company. It has a market cap of $842.97 million; its shares were traded at around $15.37 with a P/E ratio of 9.72 and P/S ratio of 1.7. The dividend yield of United Bankshares Inc. stocks is 5.97%. United Bankshares Inc. had an annual average earning growth of 6.6% over the past 10 years. GuruFocus gives United Bankshares Inc. 2.5-Stars for its business predictability.

On January 27, 2009, United Bankshares Inc. released its fourth quarter and annual results for 2008. Fourth quarter of 2008 earnings were $16.5 million, an increase from $16.0 million for the fourth quarter of 2007. Tax-equivalent net interest income for the fourth quarter of 2008 was $66.4 million, an increase of $1.4 million or 2% from the fourth quarter of 2007. Earnings for the year of 2008 were $87.0 million while earnings for the year of 2007 were $90.7 million. Tax-equivalent net interest income for the year of 2008 was $267.0 million, an increase of $25.1 million or 10% from the year of 2007.

Chairman of the Board & CEO, Director Richard M Sr Adams bought 20,000 shares of UBSI stock total last week; the price of the stock has decreased by 0.26% since his last buy. He also sold 48,000 shares in November. Director F T Jr Graff , Director P Clinton Winter , Director John M Mcmahon , EXECUTIVE VICE PRESIDENT Richard M Jr Adams and Director Robert G Astorg all bought shares of UBSI stock in February. EXECUTIVE VICE PRESIDENT James B Jr Hayhurst and Director J Paul Mcnamara sold shares of UBSI stock in November.

  • 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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