Weekly Top Insider Buys Highlight for the Week of March 9

The largest Insider Buys this week were for The Home Depot Inc. (HD), Marathon Petroleum Corp. (MPC), Apache Corp. (APA), and Gap Inc. (GPS).

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Mar 11, 2018
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The largest Insider Buys this week were for The Home Depot Inc. (HD, Financial), Marathon Petroleum Corp. (MPC, Financial), Apache Corp. (APA, Financial), and Gap Inc. (GPS, Financial).

The Home Depot Inc. (HD, Financial): Director Armando M. Codina bought 6,650 shares

Director Armando M. Codina bought 6,650 shares of HD stock on March 2 at the average price of $178.66. The price of the stock has increased by 1.96% since.

The Home Depot Inc. is an international American retail company that primarily focuses on tools, products, and services in the home improvement area and is the largest home improvement retailer in the U.S. The company operates big-box format stores across all fifty states, all ten provinces in Canada, and Mexico. The company has a market capitalization of $212.72 billion, and as of March 9 it traded at $182.16.

On Feb. 20 The Home Depot Inc. announced fourth quarter and fiscal 2017 results. Sales for the quarter were $23.9 billion, a 7.5% increase from the fourth quarter of 2016. Net earnings for the quarter were $1.8 billion, or $1.52 per diluted share, compared with net earnings of $1.7 billion, or $1.44 per diluted share, during fourth quarter of 2016. Sales for fiscal 2017 were $100.9 billion, a 6.7% increase from fiscal 2016.

Marathon Petroleum Corp. (MPC, Financial): Director Charles E. Bunch bought 1,500 shares

Director Charles E. Bunch bought 1,500 shares of MPC stock on March 6 at the average price of $67.38. The price of the stock has increased by 4.21% since.

Marathon Petroleum Corp. is an American petroleum refining, marketing, and transportation company that was a subsidiary of Marathon Oil until a corporate spin-off in 2011. The company has a total crude oil output of 1,794,000 barrels per day across seven refineries. The company has a market capitalization of $33.43 billion, and as of March 9 it traded at $70.22.

On Feb. 5 Marathon Petroleum Corp. announced that it intends to issue a notice of redemption for all of the $600 million outstanding aggregate principal amount of its 2.7% senior notes due on Dec. 14, 2018. The 2018 senior notes will be redeemed on March 15 at a price equal to par plus a premium calculated in accordance with terms of the notes and unpaid interest amounts.

Apache Corp. (APA, Financial): Director John E. Lowe bought 2,500 shares

Director John E. Lowe bought 2,500 shares of APA stock on March 2 at the average price of $33.8. The price of the stock has increased by 4.5% since.

Apache Corp. is an American petroleum and natural gas exploration and production company. The company is ranked number 388 on the Fortune 500 list and in 2016 the company’s total production was 521 thousand barrels of oil equivalent per day. The company has a market capitalization of $13.47 billion, and as of March 9 it traded at $35.32.

On March 5 Apache Corp. announced appointment of David Pursell as a senior vice president, Planning and Energy Fundamentals, effective March 12. Pursell previously served as managing director of Investment Banking for Tudor, Pickering, Holt & Co. He also served as head of Macro Research and was one of the founders of Pickering Energy Partners, Inc. In his new position, Pursell will oversee corporate planning as well as energy fundamentals systems, processes, and analysis.

Gap Inc. (GPS, Financial): Director Brian Goldner bought 5,000 shares

Director Brian Goldner bought 5,000 shares of GPS stock on March 5 at the average price of $33.75. The price of the stock has decreased by 2.01% since.

Gap Inc. is an American international clothing and accessories retailer that operates five primary divisions: Gap, Banana Republic, Old Navy, Intermix, Weddington Way, and Athleta. The company is the largest specialty retailer in the United States and is a component of the S&P 500. The company has a market capitalization of $12.86 billion, and as of March 9 it traded at $33.07.

On March 1 Gap Inc. announced fourth quarter and fiscal 2017 results. Diluted earnings per share were $0.52 for the quarter and $2.14 for fiscal 2017. Furthermore, comparable sales for the quarter increased 5% compared to an increase of 2% during fiscal 2016. Net sales increased 8% to 4.8 billion for the quarter and net sales for fiscal 2017 were $15.9 billion. The company distributed $676 million during fiscal 2017 to shareholders through share repurchases and dividends.

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.