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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 (NYSE:MRO)

    Date Insider Shares Type Transaction Value

    May 18, 2011 CAMPBELL EILEEN MOfficer 27,402 Direct Sale at $51.21 - $51.28 per share. 1,404,0002
    May 13, 2011 CAMPBELL EILEEN MOfficer 64,200 Direct Option Exercise at $16.81 per share. 1,079,202
    May 13, 2011 CAMPBELL EILEEN MOfficer 36,798 Direct Disposition (Non Open Market) at $51.18 per share. 1,883,321
    May 11, 2011 KERRIGAN SYLVIA JOfficer 13,334 Direct Option Exercise at $16.81 - $25.84 per share. N/A
    May 11, 2011 KERRIGAN SYLVIA JOfficer 11,375 Direct Sale at $51.03 - $51.07 per share. 581,0002
    May 11, 2011 KERRIGAN SYLVIA JOfficer 1,959 Direct Disposition (Non Open Market) at $51.04 per share. 99,987
    May 2, 2011 KERRIGAN SYLVIA JOfficer 147 Direct Disposition (Non Open Market) at $53.63 per share. 7,883
    Apr 1, 2011 BOYCE GREGORY HDirector 700 Direct Acquisition (Non Open Market) at $53.55 per share. 37,485
    Apr 1, 2011 SCHOFIELD SETH EDirector 700 Direct Acquisition (Non Open Market) at $53.55 per share. 37,485
    Apr 1, 2011 PHELPS MICHAEL E JDirector 700 Direct Acquisition (Non Open Market) at $53.55 per share. 37,485
    Apr 1, 2011 LADER PHILIPDirector 700 Direct Acquisition (Non Open Market) at $53.55 per share. 37,485
    Apr 1, 2011 BRONDEAU PIERRE RDirector 700 Direct Acquisition (Non Open Market) at $53.55 per share. 37,485
    Apr 1, 2011 DAVIS WILLIAM LDirector 700 Direct Acquisition (Non Open Market) at $53.55 per share. 37,485
    Apr 1, 2011 LEE CHARLES RDirector 700 Direct Acquisition (Non Open Market) at $53.55 per share. 37,485
    Apr 1, 2011 DABERKO DAVID ADirector 700 Direct Acquisition (Non Open Market) at $53.55 per share. 37,485
    Apr 1, 2011 USHER THOMAS JDirector 467 Direct Acquisition (Non Open Market) at $53.55 per share. 25,007
    Apr 1, 2011 JACKSON SHIRLEY ADirector 700 Direct Acquisition (Non Open Market) at $53.55 per share. 37,485
    Apr 1, 2011 REILLEY DENNIS HDirector 700 Direct Acquisition (Non Open Market) at $53.55 per share. 37,485
     
    Tesoro: (NYSE:TSO)
    Date Insider Shares Type Transaction Value

    May 5, 2011 JACKSON TRACY DAWNOfficer 371 Direct Disposition (Non Open Market) at $24.27 per share. 9,004
    May 5, 2011 GOFF GREGORY JAMESOfficer 8,262 Direct Disposition (Non Open Market) at $24.27 per share. 200,518
    May 5, 2011 GLENEWINKEL ARLEN OOfficer 706 Direct Disposition (Non Open Market) at $24.27 per share. 17,134
    May 5, 2011 FLAGG CLAUDE AOfficer 1,852 Direct Disposition (Non Open Market) at $24.27 per share. 44,948
    May 5, 2011 PARRISH CHARLES SOfficer 1,852 Direct Disposition (Non Open Market) at $24.27 per share. 44,948
    May 5, 2011 SPENDLOVE G SCOTTOfficer 882 Direct Disposition (Non Open Market) at $24.27 per share. 21,406
    May 3, 2011 GOFF GREGORY JAMESOfficer 46,697 Direct Disposition (Non Open Market) at $25.01 per share. 1,167,891


    Valero (NYSE:VLO)
    Date Insider Shares Type Transaction Value

    Apr 29, 2011 CHOATE JERRY DDirector 4,000 Direct Option Exercise at $12.26 per share. 49,040
    Apr 28, 2011 NICKLES DONALD LDirector 2,686 Direct Disposition (Non Open Market) at $28.01 per share. 75,234
    Apr 28, 2011 NICKLES DONALD LDirector 5,714 Direct Acquisition (Non Open Market) at $0 per share. N/A
    Apr 28, 2011 WATERS STEPHEN MDirector 2,199 Direct Disposition (Non Open Market) at $28.01 per share. 61,593
    Apr 28, 2011 WATERS STEPHEN MDirector 5,714 Direct Acquisition (Non Open Market) at $0 per share. N/A
    Apr 28, 2011 WEISENBURGER RANDALL JDirector 5,714 Direct Acquisition (Non Open Market) at $0 per share. N/A
    Apr 28, 2011 WILKINS RAYFORD JRDirector 517 Direct Disposition (Non Open Market) at $28.01 per share. 14,481
    Apr 28, 2011 WILKINS RAYFORD JRDirector 5,714 Direct Acquisition (Non Open Market) at $0 per share. N/A
    Apr 28, 2011 PROFUSEK ROBERTDirector 2,686 Direct Disposition (Non Open Market) at $28.01 per share. 75,234
    Apr 28, 2011 PROFUSEK ROBERTDirector 5,714 Direct Acquisition (Non Open Market) at $0 per share. N/A
    Apr 28, 2011 CHOATE JERRY DDirector 5,714 Direct Acquisition (Non Open Market) at $0 per share. N/A
    Apr 28, 2011 PURCELL SUSAN KAUFMANDirector 7,633 Direct Acquisition (Non Open Market) at $0 per share. N/A
    Apr 28, 2011 ESCOBEDO RUBEN MDirector 5,714 Direct Acquisition (Non Open Market) at $0 per share. N/A
    Apr 28, 2011 CALGAARD RONALD KDirector 2,686 Direct Disposition (Non Open Market) at $28.01 per share. 75,234
    Apr 28, 2011 CALGAARD RONALD KDirector 5,714 Direct Acquisition (Non Open Market) at $0 per share. N/A
    Apr 28, 2011 MARBUT BOBDirector 5,714 Direct Acquisition (Non Open Market) at $0 per share. N/A
    Apr 11, 2011 EDWARDS S EUGENEOfficer 20,620 Direct Disposition (Non Open Market) at $28.04 per share. 578,184

    Frontier Oil (NYSE:FTO)
    Date Insider Shares Type Transaction Value

    Apr 25, 2011 SHOOP NANCY ZUPANOfficer 14,798 Direct Option Exercise at $29.39 per share. 434,913
    Apr 5, 2011 JENNINGS MICHAELOfficer 33,294 Direct Option Exercise at $29.39 per share. 978,510
    Apr 5, 2011 JENNINGS MICHAELOfficer 31,786 Direct Automatic Sale at $31.64 per share. 1,005,709
    Apr 4, 2011 ARON DOUG SOfficer 9,866 Direct Option Exercise at $29.39 per share. 289,961
    Apr 4, 2011 ARON DOUG SOfficer 9,866 Direct Automatic Sale at $30.39 per share. 299,82

    Calumet Specialty (NASDAQ:CLMT)
    May 13, 2011 BARNHART TIMOTHY ROfficer 185 Direct Option Exercise N/A
    May 13, 2011 MORRIS GEORGE C IIIDirector 15 Direct Option Exercise N/A
    May 13, 2011 STRAUMINS JENNIFEROfficer 209 Direct Option Exercise N/A
    May 13, 2011 FUNK ROBERT EDirector 118 Direct Option Exercise N/A
    May 13, 2011 RUTIGLIANO NICHOLAS JDirector 159 Direct Option Exercise N/A
    May 13, 2011 CARTER JAMES SDirector 187 Direct Option Exercise N/A
    May 13, 2011 GRUBE FERDINAND WILLIAMOfficer 243 Direct Option Exercise N/A
    May 13, 2011 FEHSENFELD FRED M JRDirector 162 Direct Option Exercise N/A
    May 13, 2011 SMITH JEFFREY DOfficer 58 Direct Option Exercise N/A
    May 13, 2011 MURRAY RICHARD PATRICK IIOfficer 106 Direct Option Exercise N/A
    May 13, 2011 MILLS ROBERT MOfficer 96 Direct Option Exercise N/A
    May 3, 2011 MORRIS GEORGE C IIIDirector 691 Direct Option Exercise N/A
    May 3, 2011 FUNK ROBERT EDirector 674 Direct Option Exercise N/A
    May 3, 2011 RUTIGLIANO NICHOLAS JDirector 596 Direct Option Exercise N/A
    May 3, 2011 CARTER JAMES SDirector 703 Direct Option Exercise N/A
    May 3, 2011 FEHSENFELD FRED M JRDirector 656 Direct Option Exercise N/
    Holly Corp (HOC)
    Date Insider Shares Type Transaction Value

    May 12, 2011 TCTC HOLDINGS, LLCBeneficial Owner (10% or more) N/A Indirect Statement of Ownership N/A
    May 12, 2011 HARDAGE RICHARD KEVINDirector 2,137 Direct Acquisition (Non Open Market) at $0 per share. N/A
    May 12, 2011 HARDAGE RICHARD KEVINDirector N/A Direct Statement of Ownership N/A
    May 12, 2011 DAMIRIS GEORGE JOHNOfficer 3,413 Direct Acquisition (Non Open Market) at $0 per share. N/A
    May 12, 2011 MCWATTERS DENISE CLARKOfficer 1,234 Direct Acquisition (Non Open Market) at $0 per share. N/A
    May 12, 2011 BERRY BUFORD PDirector 2,137 Direct Acquisition (Non Open Market) at $0 per share. N/A
    May 12, 2011 SHAW BRUCE ROfficer 2,560 Direct Acquisition (Non Open Market) at $0 per share. N/A
    May 12, 2011 MCKENZIE ROBERT GDirector 2,137 Direct Acquisition (Non Open Market) at $0 per share. N/A
    May 12, 2011 CLIFTON MATTHEW POfficer 14,609 Direct Acquisition (Non Open Market) at $0 per share. N/A
    May 12, 2011 REID JACK PDirector 2,137 Direct Acquisition (Non Open Market) at $0 per share. N/A
    May 12, 2011 LAMP DAVID LOfficer 8,103 Direct Acquisition (Non Open Market) at $0 per share. N/A
    May 12, 2011 VALENTA TOMMY ADirector 2,137 Direct Acquisition (Non Open Market) at $0 per share. N/A
    May 12, 2011 ECHOLS LELDON EDirector 2,137 Direct Acquisition (Non Open Market) at $0 per share. N/A
    May 12, 2011 SURPLUS SCOTT COfficer 1,234 Direct Acquisition (Non Open Market) at $0 per share. N/A
    May 11, 2011 CLIFTON MATTHEW POfficer 8,030 Direct Disposition (Non Open Market) at $58.52 per share. 469,915
    May 11, 2011 LAMP DAVID LOfficer 4,283 Direct Disposition (Non Open Market) at $58.52 per share. 250,641
    Apr 7, 2011 SURPLUS SCOTT COfficer 300 Indirect Acquisition (Non Open Market) at $0 per share. N/A
    Apr 7, 2011 SURPLUS SCOTT COfficer 300 Direct Disposition (Non Open Market) at $0 per share. N/A
    Apr 1, 2011 LAMP DAVID LOfficer 5,000 Direct Sale at $61.95 - $61.97 per share. 310,0002
    Apr 1, 2011 SURPLUS SCOTT COfficer 500 Direct Disposition (Non Open Market) at $0 per share. N
    Valero (VLO)
    Date Insider Shares Type Transaction Value

    Apr 29, 2011 CHOATE JERRY DDirector 4,000 Direct Option Exercise at $12.26 per share. 49,040
    Apr 28, 2011 NICKLES DONALD LDirector 2,686 Direct Disposition (Non Open Market) at $28.01 per share. 75,234
    Apr 28, 2011 NICKLES DONALD LDirector 5,714 Direct Acquisition (Non Open Market) at $0 per share. N/A
    Apr 28, 2011 WATERS STEPHEN MDirector 2,199 Direct Disposition (Non Open Market) at $28.01 per share. 61,593
    Apr 28, 2011 WATERS STEPHEN MDirector 5,714 Direct Acquisition (Non Open Market) at $0 per share. N/A
    Apr 28, 2011 WEISENBURGER RANDALL JDirector 5,714 Direct Acquisition (Non Open Market) at $0 per share. N/A
    Apr 28, 2011 WILKINS RAYFORD JRDirector 517 Direct Disposition (Non Open Market) at $28.01 per share. 14,481
    Apr 28, 2011 WILKINS RAYFORD JRDirector 5,714 Direct Acquisition (Non Open Market) at $0 per share. N/A
    Apr 28, 2011 PROFUSEK ROBERTDirector 2,686 Direct Disposition (Non Open Market) at $28.01 per share. 75,234
    Apr 28, 2011 PROFUSEK ROBERTDirector 5,714 Direct Acquisition (Non Open Market) at $0 per share. N/A
    Apr 28, 2011 CHOATE JERRY DDirector 5,714 Direct Acquisition (Non Open Market) at $0 per share. N/A
    Apr 28, 2011 PURCELL SUSAN KAUFMANDirector 7,633 Direct Acquisition (Non Open Market) at $0 per share. N/A
    Apr 28, 2011 ESCOBEDO RUBEN MDirector 5,714 Direct Acquisition (Non Open Market) at $0 per share. N/A
    Apr 28, 2011 CALGAARD RONALD KDirector 2,686 Direct Disposition (Non Open Market) at $28.01 per share. 75,234
    Apr 28, 2011 CALGAARD RONALD KDirector 5,714 Direct Acquisition (Non Open Market) at $0 per share. N/A
    Apr 28, 2011 MARBUT BOBDirector 5,714 Direct Acquisition (Non Open Market) at $0 per share. N/A
    Apr 11, 2011 EDWARDS S EUGENEOfficer 20,620 Direct Disposition (Non Open Market) at $28.04 per share. 578,18

    Western Refining (NYSE:WNR)
    Date Insider Shares Type Transaction Value

    Jun 8, 2011 FRANKLIN MOUNTAIN INVESTMENTS LIMITED PARTNERSHIPBeneficial Owner (10% or more) 42,500 Direct Automatic Sale at $15.35 per share. 652,375
    Jun 8, 2011 FOSTER PAUL LOfficer 42,500 Indirect Automatic Sale at $15.35 per share. 652,375
    Jun 8, 2011 FOSTER PAUL LOfficer 21,250 Direct Automatic Sale at $15.35 per share. 326,187
    Jun 7, 2011 FRANKLIN MOUNTAIN INVESTMENTS LIMITED PARTNERSHIPBeneficial Owner (10% or more) 42,500 Direct Automatic Sale at $15.41 per share. 654,925
    Jun 7, 2011 FOSTER PAUL LOfficer 42,500 Indirect Automatic Sale at $15.41 per share. 654,925
    Jun 7, 2011 FOSTER PAUL LOfficer 21,250 Direct Automatic Sale at $15.41 per share. 327,462
    May 27, 2011 FRANKLIN MOUNTAIN INVESTMENTS LIMITED PARTNERSHIPBeneficial Owner (10% or more) 42,500 Direct Automatic Sale at $17.23 per share. 732,275
    May 27, 2011 STEVENS JEFF AOfficer 500,000 Direct Disposition (Non Open Market) at $0 per share. N/A
    May 27, 2011 FOSTER PAUL LOfficer 42,500 Indirect Automatic Sale at $17.23 per share. 732,275
    May 27, 2011 FOSTER PAUL LOfficer 21,250 Direct Automatic Sale at $17.23 per share. 366,137
    May 26, 2011 FRANKLIN MOUNTAIN INVESTMENTS LIMITED PARTNERSHIPBeneficial Owner (10% or more) 42,500 Direct Automatic Sale at $16.85 per share. 716,125
    May 26, 2011 FOSTER PAUL LOfficer 42,500 Indirect Automatic Sale at $16.85 per share. 716,125
    May 26, 2011 FOSTER PAUL LOfficer 21,250 Direct Automatic Sale at $16.85 per share. 358,062
    May 13, 2011 FRANKLIN MOUNTAIN INVESTMENTS LIMITED PARTNERSHIPBeneficial Owner (10% or more) 42,500 Direct Automatic Sale at $15.99 per share. 679,575
    May 13, 2011 FOSTER PAUL LOfficer 42,500 Indirect Automatic Sale at $15.99 per share. 679,575
    May 13, 2011 FOSTER PAUL LOfficer 21,250 Direct Automatic Sale at $15.99 per share. 339,787
    May 12, 2011 FRANKLIN MOUNTAIN INVESTMENTS LIMITED PARTNERSHIPBeneficial Owner (10% or more) 42,500 Direct Automatic Sale at $15.96 per share. 678,300
    May 12, 2011 FOSTER PAUL LOfficer 42,500 Indirect Automatic Sale at $15.96 per share. 678,300
    May 12, 2011 FOSTER PAUL LOfficer 21,250 Direct Automatic Sale at $15.96 per share. 339,150
    May 11, 2011 BEYERSDORFER JEFFREY S.Officer 11,250 Direct Sale at $17.15 per share. 192,937
    Apr 28, 2011 FOSTER PAUL LOfficer 21,250 Direct Automatic Sale at $16.87 per share. 358,487
    Apr 28, 2011 FOSTER PAUL LOfficer 42,500 Indirect Automatic Sale at $16.87 per share. 716,975
    Apr 28, 2011 FRANKLIN MOUNTAIN INVESTMENTS LIMITED PARTNERSHIPBeneficial Owner (10% or more) 42,500 Direct Automatic Sale at $16.87 per share. 716,975
    Apr 27, 2011 FOSTER PAUL LOfficer 21,250 Direct Automatic Sale at $17 - $17.32 per share. 365,0002
    Apr 27, 2011 FOSTER PAUL LOfficer 42,500 Indirect Automatic Sale at $17 - $17.32 per share. 729,0002
    Apr 27, 2011 FRANKLIN MOUNTAIN INVESTMENTS LIMITED PARTNERSHIPBeneficial Owner (10% or more) 42,500 Direct Automatic Sale at $17 - $17.32 per share. 729,0002
    Apr 13, 2011 FRANKLIN MOUNTAIN INVESTMENTS LIMITED PARTNERSHIPBeneficial Owner (10% or more) 42,500 Direct Automatic Sale at $17.71 per share. 752,675
    Apr 13, 2011 FOSTER PAUL LOfficer 42,500 Indirect Automatic Sale at $17.71 per share. 752,675
    Apr 13, 2011 FOSTER PAUL LOfficer 21,250 Direct Automatic Sale at $17.71 per share. 376,337
    Apr 12, 2011 FRANKLIN MOUNTAIN INVESTMENTS LIMITED PARTNERSHIPBeneficial Owner (10% or more) 42,500 Direct Automatic Sale at $17.20 per share. 731,000
    Apr 12, 2011 FOSTER PAUL LOfficer 42,500 Indirect Automatic Sale at $17.20 per share. 731,000
    Apr 12, 2011 FOSTER PAUL LOfficer 21,250 Direct Automatic Sale at $17.20 per share. 365,500



    Disclosure: I am long CLMT.
    Stocks: MRO, HFC, WNR, CLMT, TSO, VLO, XOM, COP, CVX
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