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Shuda Xia
Shuda Xia
Articles (320) 

Top Insider Buys Highlight for the Week of Nov. 29

Insiders invest in Sempra Energy, Occidental Petroleum, Keurig Dr Pepper and Annaly Capital Management

December 01, 2019 | About:

The largest insider vuys this week were Sempra Energy (NYSE:SRE), Occidental Petroleum Corp. (NYSE:OXY), Keurig Dr Pepper Inc. (NYSE:KDP) and Annaly Capital Management Inc. (NYSE:NLY).

Sempra Energy director bought 2,000 shares

Director Andres Conesa bought 2,000 shares on Nov. 22 for an average price of $147.26. The stock has increased by 0.01% since then.

Sempra Energy is an international utility company that focuses on electric and natural gas infrastructure. The company owns several operating companies, including Southern California Gas Co., San Diego Gas & Electric and Oncor Electric Delivery Co. The company has a market capitalization of $41.51 billion; as of Nov. 29, it traded at $147.27.

On Nov. 25, Sempra Energy announced that Southern California Gas and the Pacific Northwest National Laboratory were awarded $300,000 in funding by the U.S. Department of Energy for a project that would advance the development of the Integrated CO2 Capture and Conversion to Methanol process. The process is an important part in helping California achieve its climate goal of having a net zero economy by 2045.

Occidental Petroleum director bought 5,000 shares

Director Bob Shearer bought 5,000 shares on Nov. 26 for an average price of $38.96. The share price had declined 1% since then.

Occidental Petroleum is an international oil and gas exploration and production company with operations in the United States, the Middle East and Latin America. It is engaged in petrochemical manufacturing in the U.S., Canada and Chile. The company was the ninth-largest petroleum producer in Texas in 2018. The company has a market capitalization of $34.46 billion; as of Nov. 29, it traded at $38.57.

On Nov. 6, Occidental Petroleum announced the company’s board of directors has declared a regularly quarterly dividend of 79 cents per share. The dividend will be payable on Jan. 15, 2020 to stockholders of record at the close of business on Dec. 10, 2019.

Keurig Dr Pepper chief human resources officer bought 6,000 shares

Chief Human Resources Officer Mary Beth Denooyer bought 6,000 shares on Nov. 26 for an average price of $30.9. Since then, the stock has gained 0.13%.

Keurig Dr Pepper is an American beverage conglomerate. Its East Coast division sells coffee, beverages and Keurig brewers. As of July 2018, the company also sells sodas, juices and other soft drinks from its Dr Pepper Snapple division in Texas. The company has a market capitalization of $43.53 billion; as of Nov. 29, it traded at $30.94.

On Nov. 7, Keurig Dr Pepper reported financial results for the third quarter. Net sales grew 5.1% to $2.87 billion compared to the prior-year period while operating income increased 68% to $580 million. Earnings per diluted share climbed 91% to 21 cents from a year ago. Performance was impacted by the merger between Keurig Green Mountain and Dr Pepper Snapple Group in July of 2018.

Annaly Capital Management director bought 10,000 shares

Director John H. Schaefer bought 10,000 shares on Nov. 25 for an average price of $9.21. Since then, the share price has risen 1.3%.

Annaly Capital is an American mortgage real estate investment trust. The company borrows money via short-term repurchase agreements and reinvests the proceeds in asset-backed securities. The company generates profits from the net interest spread between the interest it earns from assets and borrowing costs. The company has a market capitalization of $13.34 billion; as of Nov. 29, it traded at $9.33.

On Nov. 21, Annaly Capital announced the departure of Kevin Keyes from his roles as chairman, CEO and president of the company and member of the board of directors. The board has named Glenn Votek to serve as CEO and president on an interim basis.

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.

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