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Shuda Xia
Shuda Xia
Articles (413) 

Top Insider Buys Highlight for the Week of Aug. 21

The largest Insider Buys this week were for Phillips 66, Elanco Animal Health Inc., Bunge Ltd. and MDU Resources Group Inc. (MDU)

August 23, 2020 | About:

According to GuruFocus data, the largest Insider Buys this week were for Phillips 66 (NYSE:PSX), Elanco Animal Health Inc. (NYSE:ELAN), Bunge Ltd. (NYSE:BG) and MDU Resources Group Inc. (NYSE:MDU).

Phillips 66: Director John E. Lowe bought 1,500 shares

Director John E. Lowe bought 1,500 shares on Aug. 19 at the average price of $61.45. The price of the stock has decreased by 0.78% since.

Phillips 66 is an American international energy company. It was formed as an independent company when ConocoPhillips (COP) executed a spin-off 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 $26.63 billion, and as of Aug. 21 it traded at $60.97.

On July 31, Phillips 66 reported financial results for the second quarter of 2020. Net loss for the quarter totaled $141 million, or $0.33 per share. The company generated $764 million of operating cash flow during the quarter.

Elanco Animal Health Inc: Director John P. Bilbrey bought 22,560 shares

Director John P. Bilbrey bought 9,580 shares on Aug. 19 at the average price of $26.20. The price of the stock has increased by 3.44% since.

Elanco Animal Health Inc. is an American pharmaceutical company that focuses on producing medicines and vaccinations for pets and livestock. The company was a subsidiary of Eli Lilly and Company (LLY) before being divested in 2019. The company has a market capitalization of $12.79 billion, and as of Aug. 21 it traded at $26.20.

On Aug. 3, Elanco Animal Health Inc. announced that it has closed the acquisition of Bayer Animal health, valued at $6.89 billion. The transaction was funded by $5.17 billion in cash and 72.9 million shares to Bayer (XTER:BAYN). The acquisition expands Elanco's scale and capabilities.

Bunge Ltd: Director Vinita Bali bought 1,200 shares

Director Vinita Bali bought 1,200 shares on Aug. 19 at the average price of $46.17. The price of the stock has increased by 1.3% since.

Bunge Ltd. is an American international food processing company that focuses on soybean exporting, grain trading and fertilizers. The company is a component of the Russell 1000 and has approximately 32,000 employees in 40 countries. The company has a market capitalization of $6.53 billion, and as of August 21 it traded at $46.77.

On Aug. 10, Bunge Ltd. announced that the company has priced a public offering of $600 million aggregate principal amount of 1.630% senior notes, due 2025. The company intends to use the net proceeds for general corporate purposes, including repayment of certain short-term indebtedness. The transaction closed on Aug. 17.

MDU Resources Group Inc: Director David M. Sparby bought 2,000 shares

Director David M. Sparby bought 2,000 shares on Aug. 20 at the average price of $22.52. The price of the stock has decreased by 0.44% since.

MDU Resources Group Inc. is an American energy delivery, natural gas and construction company. The company's electric and natural gas utility companies serve approximately 1.1 million customers across 48 U.S. states. The company has a market capitalization of $4.5 billion, and as of Aug. 21 it traded at $22.42.

On Aug. 13, MDU Resources Group Inc. announced that its Board of Directors has declared a quarterly dividend on the company's common stock of $0.2075 per share. The dividend will be payable on Oct. 1 to shareholders of record at the close of business on Sept.10.

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

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

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