J. Benitz Bought 6.6% More Shares In Jersey Oil and Gas

Those following along with Jersey Oil and Gas Plc (LON:JOG) will no doubt be intrigued by the recent purchase of shares by J. Benitz, CEO & Executive Director of the company, who spent a stonking UK£2.5m on stock at an average price of UK£52.87. While that only increased their holding size by 6.6%, it is still a big swing by our standards.

See our latest analysis for Jersey Oil and Gas

Jersey Oil and Gas Insider Transactions Over The Last Year

In fact, the recent purchase by J. Benitz was the biggest purchase of Jersey Oil and Gas shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of UK£0.57. 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. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. J. Benitz was the only individual insider to buy during the last year.

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!

Jersey Oil and Gas is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership Of Jersey Oil and Gas

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Insiders own 16% of Jersey Oil and Gas shares, worth about UK£3.0m. 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 Jersey Oil and Gas Insiders?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Insiders likely see value in Jersey Oil and Gas shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Jersey Oil and Gas. When we did our research, we found 4 warning signs for Jersey Oil and Gas (1 is a bit concerning!) that we believe deserve your full attention.

Of course Jersey Oil and Gas may not be the best stock to buy. So you may wish to see this free collection of high quality 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.