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Investors who take an interest in Gibson Energy Inc. (TSE:GEI) should definitely note that the CEO, President & Non-Independent Director, Curtis Philippon, recently paid CA$21.20 per share to buy CA$530k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 16%.
View our latest analysis for Gibson Energy
The Last 12 Months Of Insider Transactions At Gibson Energy
In fact, the recent purchase by CEO, President & Non-Independent Director Curtis Philippon was not their only acquisition of Gibson Energy shares this year. They previously made an even bigger purchase of CA$1.0m worth of shares at a price of CA$22.34 per share. That means that an insider was happy to buy shares at above the current price of CA$21.27. It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
In the last twelve months Gibson Energy insiders were buying shares, but not selling. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Insider Ownership
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data indicates that Gibson Energy insiders own about CA$11m worth of shares (which is 0.3% of the company). Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Does This Data Suggest About Gibson Energy Insiders?
It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. Insiders likely see value in Gibson Energy shares, given these transactions (along with notable insider ownership of the company). So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Case in point: We've spotted 3 warning signs for Gibson Energy you should be aware of, and 1 of these is potentially serious.