ClearBridge Energy Stock (NYSE:EMO), Trade Ideas

ClearBridge Energy

ClearBridge Energy Midstream Opportunity Fund Inc is a non-diversified, closed-end management investment company. Its investment objective is to provide long-term investors with a high level of total return with an emphasis on cash distributions.

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Although US stocks closed higher on Tuesday, there were a few notable insider trades.

Insiders Buying Culp And 2 Other Stocks

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ClearBridge Energy Midstream Opportunity Fund Inc. Common Stock

ClearBridge Energy Midstream Opportunity Fund Inc

EXTREME MOTORSPRTS CA by Extreme Motorsports of California, Inc.

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Although US stocks closed higher on Tuesday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#39;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Culp </h3>
<ul>
<li>The Trade: Culp, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/culp#NYSE">CULP</a>) Director Bullock Kimberly Gatling <a href="https://www.benzinga.com/quote/CULP/analyst-ratings"> acquired a total of 2,666 shares </a> an average price of $5.15. To acquire these shares, it cost around $13,718.</li>
<li>What&rsquo;s Happening: Culp reported better-than-expected fourth-quarter financial results.</li>
<li>What Culp Does: Culp Inc manufacturers, sources, and markets mattress fabrics and sewn covers used for covering mattresses and box springs and upholstery fabrics including cut and sewn kits used in the production of upholstered furniture.</li>
</ul>
<h3>PIMCO Energy and Tactical Credit Opportunities Fund </h3>
<ul>
<li>The Trade: PIMCO Energy and Tactical Credit Opportunities Fund (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nrgx#NYSE">NRGX</a>) 10% owner Rainey Lancaster acquired a total of 25,361 shares at an average price of $14.82. To acquire these shares, it cost around $375,917.</li>
<li>What&rsquo;s Happening: The Board of Trustees of PIMCO Energy and Tactical Credit Opportunities Fund recently declared a quarterly distribution for the Fund&rsquo;s common shares.</li>
<li>What PIMCO Energy and Tactical Credit Opportunities Fund Does: PIMCO Energy &amp; Tactical Credit Opportunities is a non-diversified, limited term closed-end management investment company.</li>
</ul>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>ClearBridge Energy Midstream Opportunity Fund </h3>
<ul>
<li>The Trade: ClearBridge Energy Midstream Opportunity Fund Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/emo#NYSE">EMO</a>) 10% owner Boaz Weinstein <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 12,958 shares </a> at an average price of $30.12. To acquire these shares, it cost around $390,330.</li>
<li>What&rsquo;s Happening: ClearBridge Energy Midstream Opportunity Fund recently reported unaudited balance sheet information as of June 30, 2023.</li>
<li>What ClearBridge Energy Midstream Opportunity Fund Does: ClearBridge Energy Midstream Opportunity Fund Inc is a non-diversified, closed-end management investment company.</li>
</ul>
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Check This Out: <a href="https://www.benzinga.com/news/23/07/33183270/top-5-industrials-stocks-you-may-want-to-dump-in-july"> Top 5 Industrials Stocks You May Want To Dump In July </a>

ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMO#NYSE">EMO</a>) announced today the unaudited statement of assets and liabilities, the net asset value and asset coverage ratio of the Fund as of June 30, 2023.
As of June 30, 2023, the Fund&#39;s net assets were&nbsp;$442.3 million, and its net asset value per share was&nbsp;$34.59. The Fund&#39;s asset coverage ratio under the Investment Company Act of 1940 (the &quot;1940 Act&quot;) with respect to senior indebtedness was&nbsp;423%&nbsp;and the Fund&#39;s asset coverage ratio under the 1940 Act with respect to total leverage was&nbsp;316%.

Earnings

ClearBridge Energy Midstream Opportunity Fund Inc. Announces Unaudited Balance Sheet Information As Of June 30, 2023; Fund's Net Assets Were $442.3M, And Its Net Asset Value Per Share Was $34.59

PRUDENTIAL FINANCIAL INC (PRU, PRS, PRH, PFH), 10% Owner at ClearBridge Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMO#NYSE">EMO</a>), reported a large insider buy on November 21, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001517518/000113777422000125//Archives/edgar/data/1517518/000113777422000125/0001137774-22-000125-index.htm">U.S. Securities and Exchange Commission</a> on Monday showed that PFH) purchased 166,667 shares of ClearBridge Energy. The total transaction amounted to $5,000,010. 
ClearBridge Energy shares are trading up 2.11% at $29.8 at the time of this writing on Tuesday morning.
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<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001517518">Check Out The Full List Of ClearBridge Energy's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ClearBridge Energy Recent Insider Activity

Friday marks the last chance for investors to receive the next dividend payout from ClearBridge Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMO#NYSE">EMO</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of 52 cents per share. On Monday, ClearBridge Energy will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 52 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own EMO as of the end of Friday's session are eligible to receive the 52 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on November 30, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To read more news on ClearBridge Energy <a href="https://www.benzinga.com/stock//">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar.

Dividends

Friday Is Your Last Chance To Buy ClearBridge Energy Before The Dividend Payout

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ClearBridge Energy Midstream Opportunity Fund Net Assets $381.9M As Of Jun. 30, 2021, Net Asset Value $28.70/Share