Seeking Alpha
Profile| Send Message| ()  

Under the theory that the people that are actually running the company are in the best position to know what is going on, it is sometimes useful to look at the insider trading activity among the officers to try to get a gauge of their sentiment.

So here, via Yahoo Business is a list of transactions over the last quarter or so for the little group of companies we are following. Naturally, corporate officers are people too, and there might be a variety of reasons why somebody would want to sell some stock or exercise some options at a particular time, and so it is hard to be too judgmental since a lot of these peoples' compensation comes in the form of options....

But, after having said all of that, in the couple of examples below where there was aggressive buying, one might draw some conclusions.. Special congrats are in order for Jeff Stevens, who is the new CEO of Western Refining (WNR), who is up $250K on his apparently brilliant purchase of 100,000 shares at the end of August at $4.37, with the stock now at $6.82 thanks to the friendly comments by Morgan Stanley. William Ferdinand Grube of Calumet Partners (CLMT) is up over $2M on his purchase of 775,000 shares of his own company's stock in August at 17.65. I suppose we should pay special attention to these two from now on.

Here is the remainder of the list:

Valero (VLO)
Date Name Shares D/I Type Proceeds
16-Oct-10 BOWERS KIMBERLY S.Officer 1,186 Direct Disposition (Non Open Market) at $18.22 $21,608
16-Oct-10 MARCOGLIESE RICHARD JOfficer 3,846 Direct Disposition (Non Open Market) at $18.22 $70,074
16-Oct-10 GORDER JOSEPH WOfficer 1,112 Direct Disposition (Non Open Market) at $18.22 $20,260
16-Oct-10 CISKOWSKI MICHAEL SOfficer 3,148 Direct Disposition (Non Open Market) at $18.22 $57,356
16-Oct-10 EDWARDS S EUGENEOfficer 1,024 Direct Disposition (Non Open Market) at $18.22 $18,657
16-Oct-10 KLESSE WILLIAM ROfficer 8,772 Direct Disposition (Non Open Market) at $18.22 $159,825
15-Oct-10 BOWERS KIMBERLY S.Officer 2,582 Direct Disposition (Non Open Market) at $18.14 $46,837
15-Oct-10 MARCOGLIESE RICHARD JOfficer 7,076 Direct Disposition (Non Open Market) at $18.14 $128,358
15-Oct-10 GORDER JOSEPH WOfficer 2,404 Direct Disposition (Non Open Market) at $18.14 $43,608
15-Oct-10 CISKOWSKI MICHAEL SOfficer 7,076 Direct Disposition (Non Open Market) at $18.14 $128,358
15-Oct-10 EDWARDS S EUGENEOfficer 2,248 Direct Disposition (Non Open Market) at $18.14 $40,778
15-Oct-10 KLESSE WILLIAM ROfficer 18,418 Direct Disposition (Non Open Market) at $18.14 $334,102
1-Sep-10 MARCOGLIESE RICHARD JOfficer 76,077 Indirect Acquisition (Non Open Market) at $0 per share. N/A
1-Sep-10 MARCOGLIESE RICHARD JOfficer 76,077 Direct Disposition (Non Open Market) at $0 per share. N/A
Tesoro (TSO)
18-Oct-10 GLENEWINKEL ARLEN OOfficer 6,000 Direct Option Exercise at $5.02 per share. $30,119
18-Oct-10 GLENEWINKEL ARLEN OOfficer 6,000 Direct Sale at $13.97 per share. $83,820
16-Sep-10 LEWIS EVERETT DOfficer 70,000 Direct Option Exercise at $5.02 per share. $351,399
16-Sep-10 LEWIS EVERETT DOfficer 43,700 Direct Sale at $12.41 - $12.5 $5,440,002
Marathon (MRO)
1-Sep-10 KERRIGAN SYLVIA JOfficer 718 Direct Disp at $31.15 per share. $22,365
Calumet (CLMT)
25-Aug-10 FUNK ROBERT EDirector 2,500 Direct Purchase at $18 $45,000
17-Aug-10 GRUBE FERDINAND WILLIAMOfficer 775,000 Indirect Purchase at $17.65 $13,678,749
13-Aug-10 BARNHART TIMOTHY ROfficer 115 Direct Option Exercise N/A
13-Aug-10 STRAUMINS JENNIFEROfficer 165 Direct Option Exercise N/A
13-Aug-10 FUNK ROBERT EDirector 108 Direct Option Exercise N/A
13-Aug-10 RUTIGLIANO NICHOLAS JDirector 129 Direct Option Exercise N/A
13-Aug-10 CARTER JAMES SDirector 151 Direct Option Exercise N/A
13-Aug-10 GRUBE FERDINAND WILLIAMOfficer 144 Direct Option Exercise N/A
13-Aug-10 FEHSENFELD FRED M JROfficer 135 Direct Option Exercise N/A
13-Aug-10 SMITH JEFFREY DOfficer 29 Direct Option Exercise N/A
13-Aug-10 MURRAY RICHARD PATRICK IIOfficer 76 Direct Option Exercise N/A
13-Aug-10 MOYES ALLAN A IIIOfficer 64 Direct Option Exercise N/A
13-Aug-10 MILLS ROBERT MOfficer 42 Direct Option Exercise N/A
3-Aug-10 RUTIGLIANO NICHOLAS JDirector 682 Direct Option Exercise N/A
3-Aug-10 CARTER JAMES SDirector 805 Direct Option Exercise N/A
3-Aug-10 FEHSENFELD FRED M JROfficer 750 Direct Option Exercise N/A
Western Refining (WNR)
27-Sep-10 SANDERS WILLIAM DDirector 6,933 Direct Acquisition (Non Open Market) at $0 N/A
27-Sep-10 FRANCIS L FREDERICKDirector 9,021 Direct Acquisition (Non Open Market) at $0 N/A
27-Sep-10 SCHMIDT RALPH ADirector 6,039 Direct Acquisition (Non Open Market) at $0 N/A
27-Sep-10 HOGAN BRIAN JOHNDirector 9,021 Direct Acquisition (Non Open Market) at $0 N/A
27-Sep-10 BARTH CARIN MARCYDirector 9,394 Direct Acquisition (Non Open Market) at $0 N/A
31-Aug-10 STEVENS JEFF AOfficer 100,000 Direct Purchase at $4.37 per share. $437,000
Frontier (FTO)
9-Sep-10 JENNINGS MICHAELOfficer 5,000 Direct Purchase at $12.45 per share. $62,250
Suncor (SU)
Unavailable

Disclosure: None

Source: Refiners' Insider Trading Activity