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James Shell
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James A. Shell is currently working as an ISO9001 Quality Systems Consultant and a technical consultant to various other industries, A veteran of 3 decades in the petrochemical supply chain, I have worked with customers in 19 countries on four continents on formulation development, business... More
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  • Oil Refiners Insider Trading Activity, Second Quarter 2011 0 comments
    Jun 17, 2011 9:06 AM | about stocks: MRO, HFC, WNR, CLMT, TSO, VLO, XOM, COP, CVX
    Under the ongoing assumption that the operators of a business are in the best position to know what the business is doing, we periodically review the insider trading activity in the Oil  Refining group.

    Keep in mind that Corporate Officers are people too, and a lot of them are compensated in options and other equity-related ways, and may occasionally have a transaction for non-business and personal reasons. Also the second quarter in this industry is typically the annual maximum in profitability, some of this may be just taking advantage of the seasonality.

    The source of this information is Yahoo Finance.

    The vast majority of the activity this quarter has been selling, some of it substantial.

    There was not a flurry of insider activity before the merger of Frontier Oil and Holly Corporation, in late March, The insiders of Marathon Oil have been net sellers in advance of the upcoming spinoff of their refining business.


    Marathon Oil (MRO)
    DateInsiderSharesTypeTransactionValue

    May 18, 2011CAMPBELL EILEEN MOfficer27,402DirectSale at $51.21 - $51.28 per share.1,404,0002
    May 13, 2011CAMPBELL EILEEN MOfficer64,200DirectOption Exercise at $16.81 per share.1,079,202
    May 13, 2011CAMPBELL EILEEN MOfficer36,798DirectDisposition (Non Open Market) at $51.18 per share.1,883,321
    May 11, 2011KERRIGAN SYLVIA JOfficer13,334DirectOption Exercise at $16.81 - $25.84 per share.N/A
    May 11, 2011KERRIGAN SYLVIA JOfficer11,375DirectSale at $51.03 - $51.07 per share.581,0002
    May 11, 2011KERRIGAN SYLVIA JOfficer1,959DirectDisposition (Non Open Market) at $51.04 per share.99,987
    May 2, 2011KERRIGAN SYLVIA JOfficer147DirectDisposition (Non Open Market) at $53.63 per share.7,883
    Apr 1, 2011BOYCE GREGORY HDirector700DirectAcquisition (Non Open Market) at $53.55 per share.37,485
    Apr 1, 2011SCHOFIELD SETH EDirector700DirectAcquisition (Non Open Market) at $53.55 per share.37,485
    Apr 1, 2011PHELPS MICHAEL E JDirector700DirectAcquisition (Non Open Market) at $53.55 per share.37,485
    Apr 1, 2011LADER PHILIPDirector700DirectAcquisition (Non Open Market) at $53.55 per share.37,485
    Apr 1, 2011BRONDEAU PIERRE RDirector700DirectAcquisition (Non Open Market) at $53.55 per share.37,485
    Apr 1, 2011DAVIS WILLIAM LDirector700DirectAcquisition (Non Open Market) at $53.55 per share.37,485
    Apr 1, 2011LEE CHARLES RDirector700DirectAcquisition (Non Open Market) at $53.55 per share.37,485
    Apr 1, 2011DABERKO DAVID ADirector700DirectAcquisition (Non Open Market) at $53.55 per share.37,485
    Apr 1, 2011USHER THOMAS JDirector467DirectAcquisition (Non Open Market) at $53.55 per share.25,007
    Apr 1, 2011JACKSON SHIRLEY ADirector700DirectAcquisition (Non Open Market) at $53.55 per share.37,485
    Apr 1, 2011REILLEY DENNIS HDirector700DirectAcquisition (Non Open Market) at $53.55 per share.37,485
     
    Tesoro: (TSO)
    DateInsiderSharesTypeTransactionValue

    May 5, 2011JACKSON TRACY DAWNOfficer371DirectDisposition (Non Open Market) at $24.27 per share.9,004
    May 5, 2011GOFF GREGORY JAMESOfficer8,262DirectDisposition (Non Open Market) at $24.27 per share.200,518
    May 5, 2011GLENEWINKEL ARLEN OOfficer706DirectDisposition (Non Open Market) at $24.27 per share.17,134
    May 5, 2011FLAGG CLAUDE AOfficer1,852DirectDisposition (Non Open Market) at $24.27 per share.44,948
    May 5, 2011PARRISH CHARLES SOfficer1,852DirectDisposition (Non Open Market) at $24.27 per share.44,948
    May 5, 2011SPENDLOVE G SCOTTOfficer882DirectDisposition (Non Open Market) at $24.27 per share.21,406
    May 3, 2011GOFF GREGORY JAMESOfficer46,697DirectDisposition (Non Open Market) at $25.01 per share.1,167,891


    Valero (VLO)
    DateInsiderSharesTypeTransactionValue

    Apr 29, 2011CHOATE JERRY DDirector4,000DirectOption Exercise at $12.26 per share.49,040
    Apr 28, 2011NICKLES DONALD LDirector2,686DirectDisposition (Non Open Market) at $28.01 per share.75,234
    Apr 28, 2011NICKLES DONALD LDirector5,714DirectAcquisition (Non Open Market) at $0 per share.N/A
    Apr 28, 2011WATERS STEPHEN MDirector2,199DirectDisposition (Non Open Market) at $28.01 per share.61,593
    Apr 28, 2011WATERS STEPHEN MDirector5,714DirectAcquisition (Non Open Market) at $0 per share.N/A
    Apr 28, 2011WEISENBURGER RANDALL JDirector5,714DirectAcquisition (Non Open Market) at $0 per share.N/A
    Apr 28, 2011WILKINS RAYFORD JRDirector517DirectDisposition (Non Open Market) at $28.01 per share.14,481
    Apr 28, 2011WILKINS RAYFORD JRDirector5,714DirectAcquisition (Non Open Market) at $0 per share.N/A
    Apr 28, 2011PROFUSEK ROBERTDirector2,686DirectDisposition (Non Open Market) at $28.01 per share.75,234
    Apr 28, 2011PROFUSEK ROBERTDirector5,714DirectAcquisition (Non Open Market) at $0 per share.N/A
    Apr 28, 2011CHOATE JERRY DDirector5,714DirectAcquisition (Non Open Market) at $0 per share.N/A
    Apr 28, 2011PURCELL SUSAN KAUFMANDirector7,633DirectAcquisition (Non Open Market) at $0 per share.N/A
    Apr 28, 2011ESCOBEDO RUBEN MDirector5,714DirectAcquisition (Non Open Market) at $0 per share.N/A
    Apr 28, 2011CALGAARD RONALD KDirector2,686DirectDisposition (Non Open Market) at $28.01 per share.75,234
    Apr 28, 2011CALGAARD RONALD KDirector5,714DirectAcquisition (Non Open Market) at $0 per share.N/A
    Apr 28, 2011MARBUT BOBDirector5,714DirectAcquisition (Non Open Market) at $0 per share.N/A
    Apr 11, 2011EDWARDS S EUGENEOfficer20,620DirectDisposition (Non Open Market) at $28.04 per share.578,184

    Frontier Oil (FTO)
    DateInsiderSharesTypeTransactionValue

    Apr 25, 2011SHOOP NANCY ZUPANOfficer14,798DirectOption Exercise at $29.39 per share.434,913
    Apr 5, 2011JENNINGS MICHAELOfficer33,294DirectOption Exercise at $29.39 per share.978,510
    Apr 5, 2011JENNINGS MICHAELOfficer31,786DirectAutomatic Sale at $31.64 per share.1,005,709
    Apr 4, 2011ARON DOUG SOfficer9,866DirectOption Exercise at $29.39 per share.289,961
    Apr 4, 2011ARON DOUG SOfficer9,866DirectAutomatic Sale at $30.39 per share.299,82

    Calumet Specialty (CLMT)
    May 13, 2011BARNHART TIMOTHY ROfficer185DirectOption ExerciseN/A
    May 13, 2011MORRIS GEORGE C IIIDirector15DirectOption ExerciseN/A
    May 13, 2011STRAUMINS JENNIFEROfficer209DirectOption ExerciseN/A
    May 13, 2011FUNK ROBERT EDirector118DirectOption ExerciseN/A
    May 13, 2011RUTIGLIANO NICHOLAS JDirector159DirectOption ExerciseN/A
    May 13, 2011CARTER JAMES SDirector187DirectOption ExerciseN/A
    May 13, 2011GRUBE FERDINAND WILLIAMOfficer243DirectOption ExerciseN/A
    May 13, 2011FEHSENFELD FRED M JRDirector162DirectOption ExerciseN/A
    May 13, 2011SMITH JEFFREY DOfficer58DirectOption ExerciseN/A
    May 13, 2011MURRAY RICHARD PATRICK IIOfficer106DirectOption ExerciseN/A
    May 13, 2011MILLS ROBERT MOfficer96DirectOption ExerciseN/A
    May 3, 2011MORRIS GEORGE C IIIDirector691DirectOption ExerciseN/A
    May 3, 2011FUNK ROBERT EDirector674DirectOption ExerciseN/A
    May 3, 2011RUTIGLIANO NICHOLAS JDirector596DirectOption ExerciseN/A
    May 3, 2011CARTER JAMES SDirector703DirectOption ExerciseN/A
    May 3, 2011FEHSENFELD FRED M JRDirector656DirectOption ExerciseN/
    Holly Corp (HOC)
    DateInsiderSharesTypeTransactionValue

    May 12, 2011TCTC HOLDINGS, LLCBeneficial Owner (10% or more)N/AIndirectStatement of OwnershipN/A
    May 12, 2011HARDAGE RICHARD KEVINDirector2,137DirectAcquisition (Non Open Market) at $0 per share.N/A
    May 12, 2011HARDAGE RICHARD KEVINDirectorN/ADirectStatement of OwnershipN/A
    May 12, 2011DAMIRIS GEORGE JOHNOfficer3,413DirectAcquisition (Non Open Market) at $0 per share.N/A
    May 12, 2011MCWATTERS DENISE CLARKOfficer1,234DirectAcquisition (Non Open Market) at $0 per share.N/A
    May 12, 2011BERRY BUFORD PDirector2,137DirectAcquisition (Non Open Market) at $0 per share.N/A
    May 12, 2011SHAW BRUCE ROfficer2,560DirectAcquisition (Non Open Market) at $0 per share.N/A
    May 12, 2011MCKENZIE ROBERT GDirector2,137DirectAcquisition (Non Open Market) at $0 per share.N/A
    May 12, 2011CLIFTON MATTHEW POfficer14,609DirectAcquisition (Non Open Market) at $0 per share.N/A
    May 12, 2011REID JACK PDirector2,137DirectAcquisition (Non Open Market) at $0 per share.N/A
    May 12, 2011LAMP DAVID LOfficer8,103DirectAcquisition (Non Open Market) at $0 per share.N/A
    May 12, 2011VALENTA TOMMY ADirector2,137DirectAcquisition (Non Open Market) at $0 per share.N/A
    May 12, 2011ECHOLS LELDON EDirector2,137DirectAcquisition (Non Open Market) at $0 per share.N/A
    May 12, 2011SURPLUS SCOTT COfficer1,234DirectAcquisition (Non Open Market) at $0 per share.N/A
    May 11, 2011CLIFTON MATTHEW POfficer8,030DirectDisposition (Non Open Market) at $58.52 per share.469,915
    May 11, 2011LAMP DAVID LOfficer4,283DirectDisposition (Non Open Market) at $58.52 per share.250,641
    Apr 7, 2011SURPLUS SCOTT COfficer300IndirectAcquisition (Non Open Market) at $0 per share.N/A
    Apr 7, 2011SURPLUS SCOTT COfficer300DirectDisposition (Non Open Market) at $0 per share.N/A
    Apr 1, 2011LAMP DAVID LOfficer5,000DirectSale at $61.95 - $61.97 per share.310,0002
    Apr 1, 2011SURPLUS SCOTT COfficer500DirectDisposition (Non Open Market) at $0 per share.N
    Valero (VLO)
    DateInsiderSharesTypeTransactionValue

    Apr 29, 2011CHOATE JERRY DDirector4,000DirectOption Exercise at $12.26 per share.49,040
    Apr 28, 2011NICKLES DONALD LDirector2,686DirectDisposition (Non Open Market) at $28.01 per share.75,234
    Apr 28, 2011NICKLES DONALD LDirector5,714DirectAcquisition (Non Open Market) at $0 per share.N/A
    Apr 28, 2011WATERS STEPHEN MDirector2,199DirectDisposition (Non Open Market) at $28.01 per share.61,593
    Apr 28, 2011WATERS STEPHEN MDirector5,714DirectAcquisition (Non Open Market) at $0 per share.N/A
    Apr 28, 2011WEISENBURGER RANDALL JDirector5,714DirectAcquisition (Non Open Market) at $0 per share.N/A
    Apr 28, 2011WILKINS RAYFORD JRDirector517DirectDisposition (Non Open Market) at $28.01 per share.14,481
    Apr 28, 2011WILKINS RAYFORD JRDirector5,714DirectAcquisition (Non Open Market) at $0 per share.N/A
    Apr 28, 2011PROFUSEK ROBERTDirector2,686DirectDisposition (Non Open Market) at $28.01 per share.75,234
    Apr 28, 2011PROFUSEK ROBERTDirector5,714DirectAcquisition (Non Open Market) at $0 per share.N/A
    Apr 28, 2011CHOATE JERRY DDirector5,714DirectAcquisition (Non Open Market) at $0 per share.N/A
    Apr 28, 2011PURCELL SUSAN KAUFMANDirector7,633DirectAcquisition (Non Open Market) at $0 per share.N/A
    Apr 28, 2011ESCOBEDO RUBEN MDirector5,714DirectAcquisition (Non Open Market) at $0 per share.N/A
    Apr 28, 2011CALGAARD RONALD KDirector2,686DirectDisposition (Non Open Market) at $28.01 per share.75,234
    Apr 28, 2011CALGAARD RONALD KDirector5,714DirectAcquisition (Non Open Market) at $0 per share.N/A
    Apr 28, 2011MARBUT BOBDirector5,714DirectAcquisition (Non Open Market) at $0 per share.N/A
    Apr 11, 2011EDWARDS S EUGENEOfficer20,620DirectDisposition (Non Open Market) at $28.04 per share.578,18

    Western Refining (WNR)
    DateInsiderSharesTypeTransactionValue

    Jun 8, 2011FRANKLIN MOUNTAIN INVESTMENTS LIMITED PARTNERSHIPBeneficial Owner (10% or more)42,500DirectAutomatic Sale at $15.35 per share.652,375
    Jun 8, 2011FOSTER PAUL LOfficer42,500IndirectAutomatic Sale at $15.35 per share.652,375
    Jun 8, 2011FOSTER PAUL LOfficer21,250DirectAutomatic Sale at $15.35 per share.326,187
    Jun 7, 2011FRANKLIN MOUNTAIN INVESTMENTS LIMITED PARTNERSHIPBeneficial Owner (10% or more)42,500DirectAutomatic Sale at $15.41 per share.654,925
    Jun 7, 2011FOSTER PAUL LOfficer42,500IndirectAutomatic Sale at $15.41 per share.654,925
    Jun 7, 2011FOSTER PAUL LOfficer21,250DirectAutomatic Sale at $15.41 per share.327,462
    May 27, 2011FRANKLIN MOUNTAIN INVESTMENTS LIMITED PARTNERSHIPBeneficial Owner (10% or more)42,500DirectAutomatic Sale at $17.23 per share.732,275
    May 27, 2011STEVENS JEFF AOfficer500,000DirectDisposition (Non Open Market) at $0 per share.N/A
    May 27, 2011FOSTER PAUL LOfficer42,500IndirectAutomatic Sale at $17.23 per share.732,275
    May 27, 2011FOSTER PAUL LOfficer21,250DirectAutomatic Sale at $17.23 per share.366,137
    May 26, 2011FRANKLIN MOUNTAIN INVESTMENTS LIMITED PARTNERSHIPBeneficial Owner (10% or more)42,500DirectAutomatic Sale at $16.85 per share.716,125
    May 26, 2011FOSTER PAUL LOfficer42,500IndirectAutomatic Sale at $16.85 per share.716,125
    May 26, 2011FOSTER PAUL LOfficer21,250DirectAutomatic Sale at $16.85 per share.358,062
    May 13, 2011FRANKLIN MOUNTAIN INVESTMENTS LIMITED PARTNERSHIPBeneficial Owner (10% or more)42,500DirectAutomatic Sale at $15.99 per share.679,575
    May 13, 2011FOSTER PAUL LOfficer42,500IndirectAutomatic Sale at $15.99 per share.679,575
    May 13, 2011FOSTER PAUL LOfficer21,250DirectAutomatic Sale at $15.99 per share.339,787
    May 12, 2011FRANKLIN MOUNTAIN INVESTMENTS LIMITED PARTNERSHIPBeneficial Owner (10% or more)42,500DirectAutomatic Sale at $15.96 per share.678,300
    May 12, 2011FOSTER PAUL LOfficer42,500IndirectAutomatic Sale at $15.96 per share.678,300
    May 12, 2011FOSTER PAUL LOfficer21,250DirectAutomatic Sale at $15.96 per share.339,150
    May 11, 2011BEYERSDORFER JEFFREY S.Officer11,250DirectSale at $17.15 per share.192,937
    Apr 28, 2011FOSTER PAUL LOfficer21,250DirectAutomatic Sale at $16.87 per share.358,487
    Apr 28, 2011FOSTER PAUL LOfficer42,500IndirectAutomatic Sale at $16.87 per share.716,975
    Apr 28, 2011FRANKLIN MOUNTAIN INVESTMENTS LIMITED PARTNERSHIPBeneficial Owner (10% or more)42,500DirectAutomatic Sale at $16.87 per share.716,975
    Apr 27, 2011FOSTER PAUL LOfficer21,250DirectAutomatic Sale at $17 - $17.32 per share.365,0002
    Apr 27, 2011FOSTER PAUL LOfficer42,500IndirectAutomatic Sale at $17 - $17.32 per share.729,0002
    Apr 27, 2011FRANKLIN MOUNTAIN INVESTMENTS LIMITED PARTNERSHIPBeneficial Owner (10% or more)42,500DirectAutomatic Sale at $17 - $17.32 per share.729,0002
    Apr 13, 2011FRANKLIN MOUNTAIN INVESTMENTS LIMITED PARTNERSHIPBeneficial Owner (10% or more)42,500DirectAutomatic Sale at $17.71 per share.752,675
    Apr 13, 2011FOSTER PAUL LOfficer42,500IndirectAutomatic Sale at $17.71 per share.752,675
    Apr 13, 2011FOSTER PAUL LOfficer21,250DirectAutomatic Sale at $17.71 per share.376,337
    Apr 12, 2011FRANKLIN MOUNTAIN INVESTMENTS LIMITED PARTNERSHIPBeneficial Owner (10% or more)42,500DirectAutomatic Sale at $17.20 per share.731,000
    Apr 12, 2011FOSTER PAUL LOfficer42,500IndirectAutomatic Sale at $17.20 per share.731,000
    Apr 12, 2011FOSTER PAUL LOfficer21,250DirectAutomatic Sale at $17.20 per share.365,500



    Disclosure: I am long CLMT.
    Themes: Oil Price, Oil Refiners, Energy, Peak Oil, Insider Trading Stocks: MRO, HFC, WNR, CLMT, TSO, VLO, XOM, COP, CVX
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