$44 Million Bet On Occidental Petroleum? 3 Stocks Insiders are Buying

Although US stocks closed slightly lower on Monday, there were a few notable insider trades.

When insiders purchase shares, it indicates their confidence in the company'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 Benzinga's insider transactions platform.

Occidental Petroleum

  • The Trade: Occidental Petroleum Corporation OXY 10% owner Warren E Buffett acquired a total of 794,389 shares at an average price of $55.39. To acquire these shares, it cost around $44 million.
  • What’s Happening: Morgan Stanley recently maintained Occidental Petroleum with an Equal-Weight and raised the price target from $73 to $74.
  • What Occidental Petroleum Does: Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East.

Consumer Portfolio Services

  • The Trade: Consumer Portfolio Services, Inc. CPSS 10% owner Stephen Deckoff acquired a total of 284,312 shares at an average price of $10.42. To acquire these shares, it cost around $2.96 million.
  • What’s Happening: The company’s stock gained around 4% over the past six months.
  • What Consumer Portfolio Services Does: Consumer Portfolio Services Inc is a US-based company operating in the specialty finance sector.

Don’t forget to check out our premarket coverage here .

Also check this: TD SYNNEX, Ceragon + 3 Stocks To Watch Heading Into Tuesday


  • The Trade: DaVita Inc. DVA Chief Operating Officer David Michael Staffieri bought a total of 20,000 shares at an average price of $77.70. To acquire these shares, it cost around $1.55 million.
  • What’s Happening: Four Corners Property Trust recently announced the acquisition of a DaVita Kidney Care property for $2.2 million.
  • What DaVita Does: DaVita is the largest provider of dialysis services in the United States, boasting market share that eclipses 35% when measured by both patients and clinics.

Posted In: Insider BuyingLong IdeasNewsInsider TradesMarketsTrading Ideas

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.