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Weekly Top Insider Buys

By: GuruFocus
Posted: 4/2/2013 11:07:00 AM
Referenced Stocks: AGCO;APA;HFC

According to GuruFocus Insider Data , these are the largest insider buys during the past week. The overall trend of insiders is illustrated in the chart below:



Apache Corporation ( APA ): Director Randolph M. Ferlic Bought 20,000 Shares Director of Apache Corporation ( APA )

Randolph M. Ferlic bought 20,000 shares during the past week at an average price of $76.71.

Apache Corporation is a Delaware corporation, which was formed in 1954. Apache Corporation has a market cap of $30.05 billion; its shares were traded around $76.71 with a P/E ratio of 15.4 and P/S ratio of 1.8. The dividend yield of Apache Corporation stocks is 0.9%. Apache Corporation had an annual average earnings growth of 11.8% over the past 10 years. GuruFocus rated Apache Corporation the business predictability rank of 2.5-star .

On Feb. 14, 2013, Apache Corporation reported record overall production for its fourth consecutive year, as well as record oil and liquids production. Average daily production during 2012 increased to 779,000 barrels of oil equivalent (boe) per day, up 5.4 percent compared with the prior year's production, adjusted for dispositions. Oil and gas revenues were a record $16.9 billion, up from$16.8 billion in the prior year. These results contributed to full-year 2012 earnings of$1.9 billion or$4.92 per diluted common share, compared with$4.5 billion or $11.47 per share in 2011. Excluding certain items that management believes affect the comparability of operating results, such as the impact of a ceiling test write-down due primarily to substantially weaker Canadian natural gas prices, Apache reported adjusted earnings* of $3.8 billion or$9.48 per share, compared with$4.7 billion or$11.83 per share in 2011. Cash from operations before changes in operating assets and liabilities* was $10.2 billion, sustaining the record level achieved the prior year even with lower average North American natural gas prices.

Director Charles J. Pitman bought 350 shares of APA stock on 02/26/2013 at the average price of $73.6. Charles J. Pitman owns at least 38,119 shares after this. The price of the stock has increased by 4.23% since.

HollyFrontier Corp. ( HFC ): Director Franklin Myers Bought 2,000 Shares

Director of HollyFrontier Corp. ( HFC ) Franklin Myers bought 2,000 shares on 03/26/2013 at an average price of $51.34.

HollyFrontier Corp. formerly known as Holly Corp was incorporated in Delaware in 1947. Hollyfrontier Corp has a market cap of $10.45 billion; its shares were traded at around $51.34 with a P/E ratio of 6.1 and P/S ratio of 0.5. The dividend yield of HollyFrontier Corp stocks is 1.6%. HollyFrontier Corp had an annual average earnings growth of 27.8% over the past 10 years. GuruFocus rated HollyFrontier Corp the business predictability rank of 3-star .

On Feb. 26, 2013, HollyFrontier Corporation reported fourth quarter net income attributable to HollyFrontier stockholders of$391.6 million or$1.92 per diluted share for the quarter ended Dec. 31, 2012, compared to$223.4 million or$1.06 per diluted share for the quarter ended Dec. 31, 2011. For the year ended Dec. 31, 2012, net income attributable toHollyFrontier stockholders totaled$1,727.2 million or$8.38 per diluted share compared to $1,023.4 million or $6.42 per diluted share for the year ended Dec. 31, 2011.

For the fourth quarter, net income attributable to our stockholders increased by$168.2 million, or 75% compared to the same period of 2011, principally reflecting higher fourth quarter refining margins. Refinery gross margins were$24.00 per produced barrel, a 57% increase compared to$15.32 for the fourth quarter of 2011. Production levels averaged approximately 447,000 barrels per day ("BPD") and crude oil charges averaged approximately 408,000 BPD for the current quarter, compared to expected crude throughput of 424,000 BPD. Lower crude oil charges in the quarter resulted from a combination of unplanned downtime and turnaround activity extending longer than planned. Operating expenses for the quarter were$296.8 million or$6.29 per barrel compared to$246.1 million or $5.22 per barrel for the fourth quarter of last year.

Director Buford P. Berry sold 2,500 shares of HFC stock on 12/13/2012 at the average price of $45.29. Buford P. Berry owns at least 27,500 shares after this. The price of the stock has increased by 13.36% since.

AGCO Corp. ( AGCO ): Director Mallika Srinivasan Bought 940,887 Shares

Director of AGCO Corp. ( AGCO ) Mallika Srinivasan bought 940,887 shares during the past week at an average price of $51.83.

AGCO Corporation was incorporated in Delaware in April 1991. AGCO Corp has a market cap of $5.03 billion; its shares were traded at around $51.83 with a P/E ratio of 9.7 and P/S ratio of 0.5. The dividend yield of
AGCO Corp stocks is 0.2%. AGCO Corp had an annual average earnings growth of 10.2% over the past 10 years. GuruFocus rated AGCO Corp the business predictability rank of 3.5-star.

On Feb. 5, 2013, AGCO,Your Agriculture Company reported net sales of approximately $2.7 billion for the fourth quarter of 2012, an increase of approximately 7.4% compared to net sales of $2.5 billion for the fourth quarter of 2011. Reported and adjusted net income for the fourth quarter of 2012 were $1.04 per share and$0.99 per share, respectively. Adjusted net income excludes a non-cash intangible asset impairment charge of approximately$22.4 millionrelated to the company's Chinese harvesting business. Adjusted net income also excludes a non-cash tax gain of $26.9 million from the recognition of U.S. deferred tax assets. These results compare to reported and adjusted net income of$2.90 per share and $1.44 per share, respectively, for the fourth quarter of 2011. Adjusted net income for the fourth quarter of 2011 excluded a non-cash tax gain and transaction expenses associated with the acquisition of GSI. Excluding unfavorable currency translation impacts of approximately 4.0%, net sales in the fourth quarter of 2012 increased approximately 11.4% compared to the fourth quarter of 2011.

Director Mallika Srinivasan bought 172,833 shares of AGCO stock on 03/22/2013 at the average price of $50.91. Mallika Srinivasan owns at least 3,264,515 shares after this. The price of the stock has increased by 1.81% since.

For the complete list of stocks that were bought by their company executives, go to: Insider Buys.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .