CEO, President & Non-Independent Director of Gibson Energy Curtis Philippon Buys 35% More Shares

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Those following along with Gibson Energy Inc. (TSE:GEI) will no doubt be intrigued by the recent purchase of shares by Curtis Philippon, CEO, President & Non-Independent Director of the company, who spent a stonking CA$1.0m on stock at an average price of CA$25.46. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 35%.

View our latest analysis for Gibson Energy

Gibson Energy Insider Transactions Over The Last Year

In fact, the recent purchase by CEO, President & Non-Independent Director Curtis Philippon was not their only acquisition of Gibson Energy shares this year. Earlier in the year, they paid CA$22.34 per share in a CA$1.0m purchase. So it's clear an insider wanted to buy, at around the current price, which is CA$24.64. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for Gibson Energy share holders is that insiders were buying at near the current price.

Over the last year, we can see that insiders have bought 106.40k shares worth CA$2.5m. But they sold 34.85k shares for CA$696k. In the last twelve months there was more buying than selling by Gibson Energy insiders. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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TSX:GEI Insider Trading Volume December 11th 2024

Gibson Energy is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Insider Ownership Of Gibson Energy

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 0.4% of Gibson Energy shares, worth about CA$17m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Gibson Energy Insiders?

It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest Gibson Energy insiders are well aligned, and that they may think the share price is too low. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To help with this, we've discovered 2 warning signs (1 is a bit unpleasant!) that you ought to be aware of before buying any shares in Gibson Energy.