Weekly Top Insider Buys Highlight for the Week of May 26

The largest Insider Buys this week were for Coty Inc. (COTY), Energy Transfer Partners LP (ETP), Anadarko Petroleum Corp. (APC) and Parsley Energy Inc. (PE)

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May 27, 2017
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The largest Insider buys this week were for Coty Inc. (COTY, Financial), Energy Transfer Partners LP (ETP, Financial), Anadarko Petroleum Corp. (APC, Financial) and Parsley Energy Inc. (PE, Financial).

Coty Inc. (COTY, Financial): Chief Legal Officer Greerson Greene McMullen bought 14,350 shares

Chief Legal Officer Greerson Greene McMullen bought 14,350 shares of Coty stock on May 23 at the average price of $18.92. The price of the stock has increased by 0.74% since.

Coty Inc. is an American international beauty products manufacturer. The company’s main products include fragrances, color cosmetics and skin and body care products. The company owns the major brands of Calvin Klein, Chloie, Davaidoff, Marc Jacobs, Philosophy, Adidas, Playboy and Rimmel London. The company has a market cap of $19.24 billion, and as of May 26 it traded at $19.06.

On Feb. 1, Coty Inc. announced that it has completed the acquisition of a 60% stake in Younique, a leading online peer-to-peer selling platform specializing in beauty products. In the new partnership, Younique’s founders continue to own the remaining 40%. Younique will operate as a separate business within Coty’s Consumer Beauty Division.

Energy Transfer Partners LP (ETP, Financial): Director Michael K. Grimm bought 3,023 shares

Director Michael K. Grimm bought 3,023 shares of Energy Transfer Partners stock on May 17 at the average price of $23.19. The price of the stock has decreased by 1.64% since.

Energy Transfer Partners LP is an American natural gas and propane company that is headquartered in Dallas, Texas. It is the parent company of Dakota Access, the company that was developing the controversial Dakota Access Pipeline. As of 2016, the company employs 9,466 people. The company has a market cap of $31.22 billion, and as of May 26 it traded at $22.81.

On May 3, Energy Transfer Partners LP announced that two natural gas pipelines in West Texas, the Trans-Pecos Pipeline and the Comanche Trail Pipeline, are in service. Both pipelines are owned by affiliates of Energy Transfer Partners, Carso Energy Corp. and MasTec Inc. as part of long-term agreements with Mexico’s federal electricity commission to transport natural gas from the Waha Hub in Pecos County, Texas to the Texas-Mexico border.

Anadarko Petroleum Corp. (APC, Financial): Director Peter J. Fluor bought 20,000 shares

Director Peter J. Fluor bought 20,000 shares of Anadarko Petroleum stock on May 17 at the average price of $51.83. The price of the stock has increased by 0.02% since.

Anadarko Petroleum Corp is an American petroleum and natural gas exploration and production company, producing over 792 thousand barrels of oil in 2016. The company is famous for the largest environmental contamination settlement in American history, the 2014 settlement related to the former Tronox subsidiary of Kerr McGee. The company has a market cap of $29.05 billion, and as of May 26 it traded at $51.84.

On May 10, the board of directors of Anadarko Petroleum Corp declared a quarterly cash dividend on the company’s common stock of 5 cents per share, payable June 28 to stockholders of record at the close of business on June 14.

Parsley Energy Inc. (PE, Financial): Director A. R. Alameddine bought 3,500 shares

Director A. R. Alameddine bought 3,500 shares of Parsley Energy stock on May 17 at the average price of $31.65. The price of the stock has decreased by 2.69% since.

Parsley Energy Inc. is an American independent oil and natural gas company with an extensive operating history and footprint in the Permian basin of New Mexico and Texas. The company has experience drilling thousands of both vertical and horizontal wells on acreage primarily in West Texas. The company has a market cap of $9.68 billion, and as of May 26 it traded at $30.80.

On May 4, Parsley Energy Inc. announced financial and operating results for first quarter 2017. The company reported a net production of 54.8 million of barrel equivalent (MBoe) per day, up 21% compared to fourth quarter 2016 and 88% year over year. The company also reported a lease operating expense per Boe of $3.57 compared to $3.56 in fourth quarter 2016.