The largest Insider Buys this week were for General Electric Co. (GE, Financial), Williams Companies Inc. (WMB, Financial), EQT Corp. (EQT, Financial), and Dentsply Sirona Inc. (XRAY, Financial).
General Electric Co. (GE, Financial): Director Steven M. Mollenkopf bought 5,500 shares
Director Steven M. Mollenkopf bought 5,500 shares of GE stock on Nov. 16 at the average price of $18.24. The price of the stock has decreased by 0.16% 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 $157.92 billion, and as of Nov. 17 it traded at $18.21.
On Oct. 26 General Electric Co. announced the appointment of Max York as the new CEO of GE Australia. Mr. York has been promoted to the CEO role following fourteen years as the General Manager for GE Aviation in Indonesia, Australia, New Zealand, and the South Pacific. The appointment will be effective Nov. 1 after Mr. York’s predecessor, Geoff Culbert, prepares to depart GE to take on the CEO role at Sydney Airport Corporation.
Williams Companies Inc. (WMB, Financial): Director Stephen I. Chazen bought 6,000 shares
Director Stephen I. Chazen bought 6,000 shares of WMB stock on Nov. 16 at the average price of $27.3. The price of the stock has decreased by 0.15% since.
Williams Companies Inc. is an American Fortune 500 energy company. Its core business lies in natural gas processing and transportation, with additional petroleum and electricity generation assets. The company owns and operates midstream gathering and processing assets, concentrated around of the Gulf of Mexico. The company has a market cap of $22.54 billion, and as of Nov. 17 it traded at $27.26.
On Nov. 16 Williams Companies Inc. announced that its Board of Directors has approved a regular dividend of $0.30 per share, or $1.20 annualized, on the company’s common stock, payable on Dec. 26 to holders of record at the close of business on Dec. 8. The fourth quarter 2017 dividend remains unchanged from the third quarter.
EQT Corp. (EQT, Financial): Director Thomas F. Karam bought 10,000 shares
Director Thomas F. Karam bought 10,000 shares of EQT stock on Nov. 15 at the average price of $59.26. The price of the stock has decreased by 0.39% since.
EQT Corp. is an American petroleum and natural gas exploration and pipeline company. The company is one of the largest natural gas produces in the Appalachian Basin, with more than 13 trillion cubic feet equivalent of proved natural gas, natural gas liquids, and petroleum reserves across approximately 3.6 million gross acres. The company also owns a controlling interest in EQT Midstream Partners, LP. The company has a market cap of $15.66 billion, and as of Nov. 17 it traded at $59.03.
On Nov. 13 EQT Corp. announced the appointment of Thomas F. Karam and Norman J. Szydlowski to the company’s Board of Directors, effective immediately. With these appointments, the size of the Board has increased to 15. Mr. Karam was the founder and Chairman of Karbon Partners, LLC.
Dentsply Sirona Inc. (XRAY, Financial): Interim Chief Exec Officer Mark Thierer bought 77,000 shares
Interim Chief Exec Officer Mark Thierer bought 77,000 shares of XRAY stock on Nov. 13 at the average price of $66.04. The price of the stock has increased by 2.29% since.
Dentsply Sirona Inc. is an American international dental equipment maker and dental consumables producer that markets its products in over 120 countries. The company also designs and manufactures laboratory and specialty products relating to dentistry, such as anesthetics, tooth polishers, and artificial teeth. The company has a market cap of $15.52 billion, and as of Nov. 17 it traded at $67.55.
On Nov. 3 Dentsply Sirona Inc. reported results for the third quarter of 2017, ended Sept. 30. Net sales were $1.009 billion, a 5.8% increase compared to $954.2 million during the same quarter of 2016. GAAP earnings per share were $0.39, and non-GAAP adjusted earnings per share were $0.70. Net income was $90.6 million for the quarter, or $0.39 per diluted share, compared to income of $92.5 million, or $0.39 per diluted share, during the same quarter of 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.
