📈👀 A Billionaire Buys Another $300M of Oil

Hello!

This week we found 4 more top insider trades:

• 🛢️ A billionaire buys another $300M of oil

• 💸 An executive at a Financial Services company with a 100% win rate buys $250k of the stock

• 🏦 A bank director buys up the stock after a 40% dip in the last 6 months

• 🧪 A pharma director buys another $3M of the stock

Top CEO Trades of the Week

Reminder: you can read about how CEO Watcher works and how we calculate returns and win rates here

Warren Buffett - 10% Owner at $OXY (link)

Buffett and Berkshire continue to stock up on Occidental by purchasing another $300M+ of the stock this week which increases their position by 3%.

I’m not going to give this a rating as it’s not an unusual purchase, I just wanted to share their massive oil purchase in case haven’t already seen it this week.

Purchase Data (this week)

Total Amount Purchased: $327,168,198

Purchase Price: $58.16

Current Price: $59.09 (+1.6%)

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Glenn Stevens - Head of Retail & Foreign Exchange at $SNEX (link)

This executive picked up a couple hundred thousand dollars of StoneX after it fell 18% in the last month.

Returns and Win Rate

Overall: 35% returns with a 100% win rate (6/6 trades)

1-year: 30% returns with a 100% win rate (6/6 trades) 

90-day: 16% returns with a 100% win rate (6/6 trades)

Purchase Data (this week)

Total Amount Purchased: $252,530

Purchase Price: $84.18

Current Price: $85.80 (+2%)

Rating

Rating: 8

Why: This purchase amount falls right in the middle of his previous 6 purchases and he doesn’t have the highest returns in the world, but he has a 100% hit rate with pretty good returns and is buying the stock after the dip. His last 4 purchases also average 52% 1-year returns which is a little more compelling

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David Jones - Director at $SHBI (link)

The banking industry has been hit and this director is buying up the dip with the stock down 40% in the last 6 months.

Returns and Win Rate

Overall: 93% returns with a 100% win rate (3/3 trades)

1-year: 59% returns with a 100% win rate (3/3 trades) 

90-day: 3% returns with a 100% win rate (3/3 trades)

Purchase Data (this week)

Total Amount Purchased: $109,900

Purchase Price: $10.99

Current Price: $6.52 (+2.5%)

Rating

Rating: 8

Why: This is tied for his largest purchase, the stock is down 40% in the last 6 months, and he has great returns. Obviously, the banking industry is in a little bit of trouble currently which hinders this rating a little bit, but it appears this director believes that SHBI is in a good spot.

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Robert Hopfner - Director at $INZY (link)

He purchased a bunch of stock back in March and it is up 50% since then and he just picked up some more stock.

Returns and Win Rate

Overall: -10% returns with a 20% win rate (1/5 trades)

1-year: -5% returns with a 67% win rate (2/3 trades) 

90-day: 57% returns with a 100% win rate (4/4 trades)

Purchase Data (this week)

Total Amount Purchased: $2,849,998

Purchase Price: $6.36

Current Price: $6.52 (+2.5%)

Rating

Rating: 7

Why: His longer-term returns aren’t good, but he has done a great job buying the stock just before it pops over the next 3 months. The stock has already run up quite a bit since his previous purchase in March which prevents this score from being higher, but his 90-day returns speak for themselves and his buying more stock here is a sign he is bullish over the next 90 days.

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