Tuesday 2/25 Insider Buying Report: HES, KMP


Shutterstock photo

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.

On Friday, Hess ( HES )'s Director, Mark R. Williams, made a $980,220 purchase of HES, buying 12,000 shares at a cost of $81.69 each. Bargain hunters are able to grab HES even cheaper than Williams did, with shares changing hands as low as $80.16 at last check today which is 1.9% below Williams's purchase price. This buy marks the first one filed by Williams in the past twelve months.

And at Kinder Morgan Energy Partners ( KMP ), there was insider buying on Monday, by COO Steven J. Kean who bought 6,600 shares for a cost of $75.50 each, for a trade totaling $498,272. Before this latest buy, Kean made one other buy in the past year, purchasing $198,781 shares for a cost of $81.13 a piece. Kinder Morgan Energy Partners is trading up about 0.4% on the day Tuesday.

Tuesday 2/25 Insider Buying Report: HES, KMP VIDEO: Tuesday 2/25 Insider Buying Report: HES, KMP

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas
More Headlines for: HES , KMP

More from BNK Invest


BNK Invest

BNK Invest

Market News, Investing
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by BankRate.com