The largest Insider Buys this week were for Johnson & Johnson (JNJ, Financial), Enterprise Products Partners LP (EPD, Financial), Schlumberger Ltd. (SLB, Financial) and MetLife Inc. (MET, Financial).
Johnson & Johnson (JNJ, Financial): Director Charles Prince bought 2,000 shares
Director Charles Prince bought 2,000 shares of JNJ stock on Dec. 14 at the average price of $134.37. The price of the stock has decreased by 4.67% since.
Johnson & Johnson is an American international company that focuses on manufacturing medical devices, pharmaceutical products, and consumer packaged goods. The company is a component of the Dow Jones Industrial Average and the company was ranked number 37 on the 2018 Fortune 500 list by total revenue. The company has a market capitalization of $343.53 billion, and as of Dec. 21 it traded at $128.09.
On Dec. 17 Johnson & Johnson announced that its Board of Directors has authorized the repurchase of up to $5 billion of the company’s common stock. Repurchases may be made at management’s discretion from time to time on the open market or through private transactions. The announced repurchase program has no time limit and may be suspended or discontinued at any time, and the company does not expect to incur debt to fund the share repurchase program.
Enterprise Products Partners LP (EPD, Financial): Director Carin Marcy Barth bought 10,000 shares
Director Carin Marcy Barth bought 10,000 shares of EPD stock on Dec. 19 at the average price of $25. The price of the stock has decreased by 2.6% since.
Enterprise Products Partners LP is an American natural gas and crude oil pipeline company that is a member of the Fortune 500. The company’s products include crude oil, refined products, and petrochemicals. The company also transports oil and gas across over 51,000 miles of pipelines across multiple states and through the Gulf of Mexico. The company has a market capitalization of $53.15 billion, and as of Dec. 21 it traded at $24.35.
On Oct. 31 Enterprise Products Partners LP reported third quarter 2018 fiscal results ended Sept. 30. Net income for the quarter was $204 million, or $0.09 per unit on a fully diluted basis. Operating income for the quarter was $1.64 billion, compared to $879 million during the same quarter prior year. The company invested $1.1 billion in capital investments during the quarter.
Schlumberger Ltd. (SLB, Financial): EVP Wells Patrick Schorn bought 10,000 shares
EVP Wells Patrick Schorn bought 10,000 shares of SLB stock on Dec. 20 at the average price of $37.55. The price of the stock has decreased by 4.93% since.
Schlumberger Ltd. is the world’s largest oilfield services company and employs over 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 capitalization of $49.44 billion, and as of Dec. 21 it traded at $35.70.
On Oct. 19 Schlumberger Ltd. reported third quarter 2018 fiscal results. Revenues for the quarter was $8.5 billion, a 2% increase sequentially. Pretax operating income for the quarter was $1.2 billion, an increase of 5% sequentially. Earnings per share for the quarter was $0.46 while cash flow from operations was $1.8 billion.
MetLife Inc. (MET, Financial): Director Carlos M. Gutierrez bought 6,400 shares
Director Carlos M. Gutierrez bought 6,400 shares of MET stock on Dec. 17 at the average price of $39.04. The price of the stock has decreased by 1.05% since.
MetLife Inc. is an American international provider of financial services such as insurance, annuities, and employee benefit programs. The company is one of the largest financial services providers in the world with 90 million customers in over 60 countries as of 2015. MetLife Inc. holds leading market positions in the U.S., Japan, Latin America and Europe markets through its subsidiaries and affiliates. The company has a market capitalization of $38.12 billion, and as of Dec. 21 it traded at $38.63.
On Dec. 5 MetLife Inc. announced that Eric Clurfain, currently the executive vice president and head of EMEA, has been named as chairman, president and CEO of MetLife Japan K.K. The appointment will be effective Feb. 1, 2019, subject to necessary approvals. Clurfain is taking over the role from Sachin Shah, who is leaving MetLife.
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.
