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 (
)'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 (
), 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
VIDEO: Tuesday 2/25 Insider Buying Report: HES,