The largest Insider Buys this week were for General Electric Co (GE, Financial), Schlumberger Ltd (SLB, Financial), Synchrony Financial (SYF, Financial) and CSX Corp (CSX, Financial).
General Electric Co (GE, Financial): Director James E Rohr Bought 27,425 Shares
Director James E Rohr bought 27,425 shares of GE stock on July 24 at the average price of $25.5. The price of the stock has increased by 0.12% since.
General Electric Co is an American international conglomerate corporation and operates through multiple segments, including Power & Water, Oil and Gas, Aviation, Healthcare, and Transportation. The company has over 305,000 employees as of 2015 and ranked among the Fortune 500 as the 4th largest firm in the United States as of 2017. The company has a market cap of $221.7 billion, and as of July 28 it traded at $25.53.
On April 27 General Electric Co unveiled the GE Energy Ecosystem portfolio at the Powering Vietnam Conference. The system aims to provide a full range of energy solutions from power generation to storage technology to support Vietnam’s national energy agenda. Ultimately, this system aims to meet the 2030 Vietnam power targets.
Schlumberger Ltd (SLB, Financial): Director Helge Lund Bought 2,800 Shares
Director Helge Lund bought 2,800 shares of SLB stock on July 24 at the average price of $66.78. The price of the stock has increased by 2.52% since.
Schlumberger Ltd is the world’s largest oilfield services company that employs more than 100,000 people in more than 85 countries. The company was founded in France, but has principal executive offices in all over the world, including in Paris, France, Houston, U.S., London, U.K., The Hague, Netherlands, and Willemstad, Curacao. The company has a market cap of $94.78 billion, and as of July 28 it traded at $68.46.
On May 20 Schlumberger Ltd announced that it has signed a memorandum of understanding with Saudi Aramco to develop an In-Kingdom Total Value Add roadmap, which includes the creation of jobs and enables developmental opportunities in oil and gas sectors in Saudi Arabia. This roadmap is in alignment with the Kingdom’s economic vision for 2030.
Synchrony Financial (SYF, Financial): Director Paget Leonard Alves Bought 2,000 Shares
Director Paget Leonard Alves bought 2,000 shares of SYF stock on July 24 at the average price of $30.85. The price of the stock has decreased by 2.95% since.
Synchrony Financial is an American financial services provider. The company offers consumer financing products, such as credit, promotional financing, loyalty programs, and installment lending. The company is the largest provider of private label credit cards in the United States. The company has a market cap of $23.81 billion, and as of July 28 it traded at $29.94.
On April 28 Synchrony Financial announced first quarter 2017 net earnings of $499 million or $0.61 per diluted share. The net interest income increased 12% from the first quarter of 2016 to $3.6 billion. Loan receivables for the company grew $8 billion, or 11%, from the first quarter of 2016 to $73 billion and purchase volume increased 7% from the first quarter of 2016.
CSX Corp (CSX, Financial): Director Ridge Lp Mantle Bought 1,357,000 Shares
Director Ridge Lp Mantle bought 1,357,000 shares of CSX stock on July 21 at the average price of $51.59. The price of the stock has decreased by 3.1% since.
CSX Corp is an American real estate and railway focused holding company. The company’s subsidiaries include CSX Transportation, Fruit Growers Express, Conrail, and Seaboard Coast Line. The company provides rail-based transportation services including both traditional rail service and the transport of intermodal containers and trailers. The company has a market cap of $23.81 billion, and as of July 28 it traded at $29.94.
On July 18 CSX Corp announced second quarter 2017 earnings. The company reported net earnings of $510 million, or $0.55 per share, up from $445 million, or $0.47 per share, during second quarter 2016. The company also reported GAAP operating income of $958 million and an operating ratio of 67.4%. Furthermore, the company reported an increase of 8% in revenue compared to second quarter 2016.
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.
