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Shuda Xia
Shuda Xia
Articles (378) 

Top Insider Buys Highlight for the Week of July 3

Insiders loaded up on Phillips 66, IHS Markit, Gray Television and Ryman Hospitality Properties

The largest insider buys this week were in Phillips 66 (NYSE:PSX), IHS Markit Ltd (NYSE:INFO), Gray Television Inc (NYSE:GTN) and Ryman Hospitality Properties Inc (NYSE:RHP).

Phillips 66 director bought 1,500 shares

Director John E. Lowe bought 1,500 shares on June 26 for an average price of $68.43. The stock has declined 0.01% since then.

Phillips 66 is an American energy company. It was formed as an independent company when ConocoPhillips executed a spinoff of its downstream and midstream assets. The company focuses on producing natural gas liquids and petrochemicals and is active in more than 65 countries. The company has a market capitalization of $29.88 billion; as of July 3, it traded at $68.42.

On May 6, Phillips 66 announced the board of directors had declared a quarterly dividend of 90 cents. The dividend was paid on June 1 to shareholders of record at the close of business on May 18.

IHS Markit director bought 2,000 shares

Director Robert P. Kelly bought 2,000 shares on July 1 for an average price of $75.88. The share price has decreased by 0.04% since then.

IHS Markit is a British information handling company that provides information and analysis to support the decision-making process of businesses and governments. The company provides services in a variety of industries, including aerospace, defense and security, automotive and chemical. The company has a market capitalization of $30.1 billion; as of July 3, it traded at $75.85.

On June 23, IHS Markit reported results for the second quarter ended May 31. Revenue for the quarter was $1.027 billion, while net income was $71 million. Earnings per share for the quarter totaled 18 cents and cash flow from operations totaled $278 million.

Gray Television director bought 4,000 shares

Director Robin Robinson Howell bought 4,000 shares on June 30 for an average price of $13.05. The share price has increased by 4.98% since then.

Gray Television is a broadcast television company that operates 145 stations across the United States. It is a component of the Russell 2000 and operates in 93 markets in 36 states. The company has a market capitalization of $1.36 billion; as of July 3, it traded at $13.70.

On June 9, Gray Television announced the promotions of Lori Bruffett and Scott Sanders to general manager positions. Bruffett was promoted to general manager of KBTX, the local CBS affiliate for the eastern portion of the market. The promotion was effective June 1. Sanders was promoted to general manager of NBC affiliate WMBF, effective June 29. For the past 12 years, he Sanders served as director of sales for Grays WIS.

Ryman Hospitality Properties president and chief financial officer bought 3,000 shares

President and CFO Mark Fioravanti bought 3,000 shares on June 26 for an average price of $31.9. Since then, the share price has risen 5.17%.

Ryman Hospitality Properties is an American hospitality real estate investment trust that focuses on convention center resorts and country music entertainment experiences. The companys core holdings include a network of five of the top 10 largest non-gaming convention center hotels in the United States. The company is also a component of the Russell 2000. The company has a market capitalization of $1.84 billion; as of July 3, it traded at $33.55.

On May 22, Ryman Hospitality Properties announced the termination of its agreement with Stratus Properties Inc. to purchase the Block 21 mixed-use development in Austin, Texas. As a result of the termination of the transaction, the company will forfeit its nonrefundable deposit of $15 million provided to Stratus with the purchase agreement, made in December of 2019.

For the complete list of stocks that were bought by their company executives, go toInsider Trades.

Disclosure: I do not own stock in any of the companies mentioned in the article.

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