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- By Shuda Xia
According to GuruFocus data, the largest Insider Buys this week were for Phillips 66 (NYSE:PSX), Elanco Animal Health Inc. (NYSE:ELAN), Bunge Ltd. (NYSE:BG) and MDU Resources Group Inc. (NYSE:MDU).
Phillips 66: Director John E. Lowe bought 1,500 shares
Director John E. Lowe bought 1,500 shares on Aug. 19 at the average price of $61.45. The price of the stock has decreased by 0.78% since.
Phillips 66 is an American international energy company. It was formed as an independent company when ConocoPhillips (COP) executed a spin-off of its downstream and midstream assets. The company focuses on producing natural gas liquids and petrochemicals and is active in more than 65 countries. The company has a market capitalization of $26.63 billion, and as of Aug. 21 it traded at $60.97.
On July 31, Phillips 66 reported financial results for the second quarter of 2020. Net loss for the quarter totaled $141 million, or $0.33 per share. The company generated $764 million of operating cash flow during the quarter.
Elanco Animal Health Inc: Director John P. Bilbrey bought 22,560 shares
Director John P. Bilbrey bought 9,580 shares on Aug. 19 at the average price of $26.20. The price of the stock has increased by 3.44% since.
Elanco Animal Health Inc. is an American pharmaceutical company that focuses on producing medicines and vaccinations for pets and livestock. The company was a subsidiary of Eli Lilly and Company (LLY) before being divested in 2019. The company has a market capitalization of $12.79 billion, and as of Aug. 21 it traded at $26.20.
On Aug. 3, Elanco Animal Health Inc. announced that it has closed the acquisition of Bayer Animal health, valued at $6.89 billion. The transaction was funded by $5.17 billion in cash and 72.9 million shares to Bayer (XTER:BAYN). The acquisition expands Elanco's scale and capabilities.
Bunge Ltd: Director Vinita Bali bought 1,200 shares
Director Vinita Bali bought 1,200 shares on Aug. 19 at the average price of $46.17. The price of the stock has increased by 1.3% since.
Bunge Ltd. is an American international food processing company that focuses on soybean exporting, grain trading and fertilizers. The company is a component of the Russell 1000 and has approximately 32,000 employees in 40 countries. The company has a market capitalization of $6.53 billion, and as of August 21 it traded at $46.77.
On Aug. 10, Bunge Ltd. announced that the company has priced a public offering of $600 million aggregate principal amount of 1.630% senior notes, due 2025. The company intends to use the net proceeds for general corporate purposes, including repayment of certain short-term indebtedness. The transaction closed on Aug. 17.