15 Basic Materials Stocks Insiders Are Bullish On

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 |  Includes: AA, APA, APC, APD, CHK, DVN, EPD, HES, KMI, MPC, MRO, OXY, RIG, SLB, XOM
by: Insider Monkey

Corporate insiders have material non-public information, and they sometimes trade based on such information. Other times they have an edge because they know their companies and industries better than almost all other investors. We believe that by imitating the investments of corporate insiders, investors are more likely to beat the market in the long term.

Below we compiled a list of basic materials stocks insiders are bullish about. All companies have market caps of at least $10 billion and were purchased by at least one insider during the past three months. The market data is sourced from Finviz.

Ticker

Company

YTD Return

No. of Insiders

XOM

Exxon Mobil Corporation

2.84%

1

SLB

Schlumberger Limited

-22.80%

1

OXY

Occidental Petroleum Corporation

-18.74%

1

EPD

Enterprise Products Partners LP

3.43%

1

APA

Apache Corp.

-27.42%

2

APC

Anadarko Petroleum Corporation

-12.40%

1

DVN

Devon Energy Corporation

-25.94%

1

KMI

Kinder Morgan, Inc.

-12.66%

2

HES

Hess Corporation

-28.24%

2

CHK

Chesapeake Energy Corporation

0.86%

6

APD

Air Products & Chemicals Inc.

-9.99%

2

MRO

Marathon Oil Corporation

4.88%

1

RIG

Transocean Ltd.

-29.97%

1

MPC

Marathon Petroleum Corporation

-10.15%

1

AA

Alcoa, Inc.

-35.42%

1

Click to enlarge

Here are the top 10 basic materials stocks insiders are bullish about with the largest market caps:

Exxon Mobil Corporation (NYSE:XOM): Exxon Mobil is a manufacturer and marketer of commodity petrochemicals. XOM was purchased by one insider over the past three months and returned 2.84% since the beginning of this year. It has a market cap of $359B and a P/E ratio of 9.71. Ken Fisher had $584 million invested in XOM (check out Fisher’s top stock picks).

Schlumberger Limited (NYSE:SLB): Schlumberger is a supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry. SLB was purchased by one insider over the past three months and lost 22.80% since the beginning of this year. It has a market cap of $86.2B and a P/E ratio of 15.74. Ken Fisher also had over $700 million invested in SLB.

Occidental Petroleum Corporation (NYSE:OXY): Occidental operates in three segments: oil and gas segment, chemical segment, and midstream and marketing segments. OXY was purchased by one insider over the past three months and lost 18.74% since the beginning of this year. It has a market cap of $63.9B and a P/E ratio of 11.32. Ken Fisher had over $500 million of OXY stocks. Ric Dillon also invested $340 million in OXY.

Enterprise Products Partners LP (NYSE:EPD): Enterprise is a North American midstream energy company. EPD was purchased by one insider over the past three months and returned 3.43% since the beginning of this year. It has a market cap of $36.1B and a P/E ratio of 26.3. John Osterweis had $69 million invested in EPD.

Apache Corp. (NYSE:APA): Apache is an independent energy company. APA was purchased by two insiders over the past three months and returned -27.42% since the beginning of this year. It has a market cap of $35.3B and a P/E ratio of 8.69. Both Jean-Marie Eveillard and Ric Dillon invested over $200 million in the stock.

Anadarko Petroleum Corporation (NYSE:APC): Anadarko is an independent oil and natural gas exploration and production company. APC was purchased by one insider over the past three months and lost 12.40% since the beginning of this year. It has a market cap of $33.1B and a P/E ratio of 39.11. John Paulson invested $1.3 billion in APC (see John Paulson’s top stock picks). Ken Fisher, Ric Dillon, Ken Griffin, D. E. Shaw and many other hedge fund managers are also in favor of APC.

Devon Energy Corporation (NYSE:DVN): Devon is an independent energy company engaged in exploration, development and production of natural gas and oil. DVN was purchased by one insider over the past three months and lost 25.94% since the beginning of this year. It has a market cap of $24.1B and a P/E ratio of 16.94. Ric Dillon and Jean-Marie Eveillard both had over $200 million invested in DVN stock.

Kinder Morgan, Inc. (NYSE:KMI): Kinder Morgan is one of the largest pipeline transportation and energy storage companies in North America. KMI was purchased by two insiders over the past three months and lost 12.66% since the beginning of this year. It has a market cap of $18.9B and a P/E ratio of 52.35.

Hess Corporation (NYSE:HES): Hess Corporation is a global integrated energy company. HES was purchased by two insiders over the past three months and lost 28.24% since the beginning of this year. It has a market cap of $18.6B and a P/E ratio of 6.65. Steven Cohen invested nearly $100 million in HES (see billionaire Steve Cohen’s top stock picks).

Chesapeake Energy Corporation (NYSE:CHK): Chesapeake is a producer of natural gas and oil and natural gas liquids in the United States. CHK was purchased by six insiders over the past three months and returned 0.86% since the beginning of this year. It has a market cap of $17.1B and a P/E ratio of 23.34. Mason Hawkins had $2.6 billion invested in CHK stock.

Disclosure: I am long CHK.