Gibson Energy CEO, President & Non-Independent Director Acquires 16% More Stock

Potential Gibson Energy Inc. (TSE:GEI) shareholders may wish to note that the CEO, President & Non-Independent Director, Curtis Philippon, recently bought CA$530k worth of stock, paying CA$21.20 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 16%.

See 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. 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. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

Gibson Energy insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership Of Gibson Energy

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. From our data, it seems that Gibson Energy insiders own 0.3% of the company, worth about CA$11m. 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?

The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. Given that insiders also own a fair bit of Gibson Energy we think they are probably pretty confident of a bright future. 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. Our analysis shows 3 warning signs for Gibson Energy (1 makes us a bit uncomfortable!) and we strongly recommend you look at these before investing.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.