Weekly CEO Buys Highlight: HES, CLR, CKH, OI, PCG

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Sep 17, 2011
According to GuruFocus Insider Data, these are the largest CEO buys during the past week.


Hess Corp. (HES, Financial): Chairman of the Board and CEO, 10% Owner John B Hess Bought 174,950 Shares


Chairman of the Board and CEO, 10% Owner of Hess Corp. (HES) John B Hess bought 174,950 shares on 09/12/2011 at an average price of $61.61. Hess Corporation, is a global integrated energy company engaged in the exploration for and the production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products, electricity. Hess Corp. has a market cap of $20.94 billion; its shares were traded at around $61.61 with a P/E ratio of 10.1 and P/S ratio of 0.6. The dividend yield of Hess Corp. stocks is 0.7%. Hess Corp. had an annual average earnings growth of 7.9% over the past 10 years. GuruFocus rated Hess Corp. the business predictability rank of 2-star.


HES recently reported its second quarter 2011 results. The company reported net income of $607 million for the second quarter of 2011 up from $375 million for the second quarter of 2010.


T Boone Pickens bought 154,254 shares in the quarter that ended on 06/30/2011, which is 3.5594% of the $324 million portfolio of BP Capital. NWQ Managers owns 4,153,741 shares as of 06/30/2011, which accounts for 1.6139% of the $19.36 billion portfolio of NWQ Investment Management Co. PRIMECAP Management owns 6,425,418 shares as of 06/30/2011, which accounts for 0.693% of the $69.32 billion portfolio of PRIMECAP Management. Mario Gabelli owns 119,460 shares as of 06/30/2011, which accounts for 0.0643% of the $13.9 billion portfolio of GAMCO Investors. Dodge & Cox owns 7,327 shares as of 06/30/2011, which accounts for 0.0006% of the $86.17 billion portfolio of Dodge & Cox.


Director John H Mullin Iii bought 10,000 shares of HES stock on 08/09/2011 at the average price of 54.87. John H Mullin Iii owns at least 24,059 shares after this. The price of the stock has increased by 12.28% since. Other insiders have decreased their positions in the company.


Continental Resources OK (CLR, Financial): CEO & Chairman, 10% Owner Harold Hamm Bought 100,000 Shares


CEO & Chairman, 10% Owner of Continental Resources OK (CLR) Harold Hamm bought 100,000 shares on 09/09/2011 at an average price of $56.05. CONTINENTAL RESOURCES is a crude-oil concentrated, independent oil and natural gas exploration and production company with operations in the Rocky Mountain, Mid-Continent and Gulf Coast regions of the United States. Continental Resources Ok has a market cap of $10.12 billion; its shares were traded at around $56.05 with a P/E ratio of 27.2 and P/S ratio of 12.2.


Continental Resources recently announced strong growth in production, net income and EBITDAX for the second quarter ended June 30, 2011. Continental grew production 29 percent to 53,984 Boepd (barrels of oil equivalent per day) in the second quarter, compared with 41,913 Boepd in the second quarter of 2010. The second quarter 2011 gain was accomplished while overcoming weather-related challenges in North Dakota.


John Keeley owns 570,740 shares as of 06/30/2011, which accounts for 0.6044% of the $6.13 billion portfolio of Keeley Fund Management. Richard Aster Jr owns 488,935 shares as of 06/30/2011, which accounts for 0.9323% of the $3.4 billion portfolio of Meridian Fund.


Director John T Mcnabb Ii bought 1,000 shares of CLR stock on 08/08/2011 at the average price of 51.86. John T Mcnabb Ii owns at least 14,333 shares after this. The price of the stock has increased by 8.08% since. There are mixed trades from other insiders.


SEACOR Holdings Inc. (CKH, Financial): CEO Oivind Lorentzen Bought 26,000 Shares


CEO of SEACOR Holdings Inc. (CKH) Oivind Lorentzen bought 26,000 shares on 09/12/2011 at an average price of $91.93. SEACOR and its subsidiaries are engaged in the operation of a diversified fleet of offshore support vessels that service oil and gas exploration and development activities in the U. Seacor Holdings Inc. has a market cap of $1.99 billion; its shares were traded at around $91.93 with a P/E ratio of 9.9 and P/S ratio of 0.7. Seacor Holdings Inc. had an annual average earnings growth of 24.2% over the past 10 years. GuruFocus rated Seacor Holdings Inc. the business predictability rank of 2.5-star.


John Hussman bought 50,000 shares in the quarter that ended on 06/30/2011, which is 0.0806% of the $6.2 billion portfolio of Hussman Economtrics Advisors. Third Avenue Management owns 363,690 shares as of 06/30/2011, an increase of 175.07% from the previous quarter. This position accounts for 0.7396% of the $4.92 billion portfolio of Third Avenue Management. Joel Greenblatt owns 15,472 shares as of 06/30/2011, an increase of 47.11% from the previous quarter. This position accounts for 0.2163% of the $715 million portfolio of Gotham Capital.


SVP, CFO Richard Ryan sold 9,500 shares of CKH stock on 05/31/2011 at the average price of 98.69. Richard Ryan owns at least 20,520 shares after this. The price of the stock has decreased by 6.85% since.


OwensIllinois Inc. (OI, Financial): Board Chair & CEO Albert P L Stroucken Bought 121,200 Shares


Board Chair & CEO of OwensIllinois Inc. (OI) Albert P L Stroucken bought 121,200 shares on 09/09/2011 at an average price of $18.24. Owens-Illinois, Inc. is one of the largest manufacturers of glass containers in North America, South America, Australia, New Zealand, and China, and one of the largest in Europe. Owensillinois Inc. has a market cap of $3 billion; its shares were traded at around $18.24 with a P/E ratio of 7.7 and P/S ratio of 0.4.


OI recently reported second quarter 2011 earnings from continuing operations attributable to the Company of $0.42 per share (diluted), compared to $0.79 per share (diluted) in the prior year. Adjusted net earnings (non-GAAP) were $0.59 per share, compared to $0.84 per share in the second quarter of 2010, and were in line with O-I’s updated business outlook provided on June 15, 2011.


David Dreman owns 220,390 shares as of 06/30/2011, which accounts for 0.1088% of the $5.23 billion portfolio of Dreman Value Management.


Director Helge H Wehmeier bought 5,000 shares of OI stock on 08/15/2011 at the average price of 18.47. Helge H Wehmeier owns at least 40,766 shares after this. The price of the stock has decreased by 1.25% since. Other insiders have also increased their positions in the company.


PG&E Corp. (PCG, Financial): Chairman, CEO, and President Anthony F Jr Earley Bought 36,600 Shares


Chairman, CEO, and President of PG&E Corp. (PCG) Anthony F Jr Earley bought 36,600 shares on 09/14/2011 at an average price of $42.55. PG&E Corporation is an energy-based holding company. Pg&e Corp. has a market cap of $17.12 billion; its shares were traded at around $42.55 with a P/E ratio of 12.8 and P/S ratio of 1.2. The dividend yield of Pg&e Corp. stocks is 4.3%. Pg&e Corp. had an annual average earnings growth of 0.5% over the past 10 years.


PCG recently reported its second quarter 2010 financial results. The company’s net income after dividends on preferred stock (also called "income available for common shareholders") was $362 million, or $0.91 per share, in the second quarter ended June 30, 2011, as reported in accordance with generally accepted accounting principles (GAAP). This compares with $333 million, or $0.86 per share, for the same period last year.


Dodge & Cox owns 6,382 shares as of 06/30/2011, which accounts for 0.0003% of the $86.17 billion portfolio of Dodge & Cox.


Director David R Andrews sold 945 shares of PCG stock on 08/12/2011 at the average price of 40.14. David R Andrews owns at least 13,310 shares after this. The price of the stock has increased by 6% since.