The largest Insider Buys this week were for Devon Energy Corp. (DVN, Financial), Invesco Ltd. (IVZ, Financial), GrubHub Inc. (GRUB, Financial) and Concho Resources Inc. (CXO, Financial).
Devon Energy Corp. (DVN, Financial): Director Robert H. Henry bought 11,651 shares
Director Robert H. Henry bought 11,651 shares of DVN stock on Feb. 27 at the average price of $30.01. The price of the stock has increased by 0.47% since.
Devon Energy Corp. is an American natural gas, natural gas liquids, and petroleum exploration company that is primarily focused on offshore exploration and production in North America. The company is also a component of the S&P 500. The company has a market capitalization of $13.21 billion, and as of March 1 it traded at $30.15.
On Feb. 19 Devon Energy Corp. reported financial results for the fourth quarter and full year 2018. Light-oil production increased 20% year over year and corporate cost structure improved 21% during the fourth quarter. The share repurchase program for the company increased to $5 billion and the dividend also increased 13%.
Invesco Ltd. (IVZ, Financial): Director Sarah Beshar bought 5,270 shares
Director Sarah Beshar bought 5,270 shares of IVZ stock on Feb. 22 at the average price of $18.97. The price of the stock has increased by 2.85% since.
Invesco Ltd. is an American international independent investment management company that has branch offices in 20 countries. The company is a constituent of the S&P 500 and operates under the Invesco, Trimark, WL Ross and Powershares brand names. The company has a market capitalization of $7.75 billion, and as of March 1 it traded at $19.51.
On March 1 Invesco Ltd. announced that the Board of Trustees of the company has appointed Anthony J. LaCava Jr. as trustee of the funds. The appointment is effective immediately.
GrubHub Inc. (GRUB, Financial): Director Lloyd D. Frink bought 1,100 shares
Director Lloyd D. Frink bought 1,100 shares of GRUB stock on Feb. 26 at the average price of $80.26. The price of the stock has increased by 3.44% since.
GrubHub Inc. is an American web commerce platform for ordering and delivering restaurant food. The company has active users and associated restaurants across 1,700 cities in the United States and is a component of the Russell 1000. The company has a market capitalization of $7.53 billion, and as of March 1 it traded at $83.02.
On Feb. 7 GrubHub Inc. reported financial results for the fourth quarter and full year 2018. Revenues were $288 million, a 40% increase from revenues of $205 million during the same quarter prior year. Net loss for the quarter was $5.2 million, or $0.06 per diluted share, an 110% decrease from net loss of $53.5 million or $0.60 per diluted share during the same quarter prior year.
Concho Resources Inc. (CXO, Financial): Director Gary A. Merriman bought 2,000 shares
Director Gary A. Merriman bought 2,000 shares of CXO stock on Feb. 27 at the average price of $111.51. The price of the stock has decreased by 0.44% since.
Concho Resources Inc. is an American petroleum and natural gas exploration and production company that focuses its operations exclusively in the Permian Basin. The company is also a component of the S&P 500. The company has a market capitalization of $22.27 billion, and as of March 1 it traded at $111.02.
On Feb. 19 Concho Resources Inc. reported results for the fourth quarter and full year 2018. The company generated $2.6 billion from operating activities, exceeding the $2.5 billion used in investing activities for additions to oil and natural gas properties. Net income for the year was $2.3 billion or $13.25 per share, while adjusted net income was $792 million, or $4.59 per share.
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.
