Strong Insider Activity Continues at Oiltanking Partners LP (OILT)

Oiltanking Partners LP (NYSE:OILT) is a $3.17 billion market cap oil and gas midstream company engaged in the terminaling, storage and transportation of crude oil, refined petroleum products and liquefied petroleum gas. Since the beginning of the year, several insiders have been buying its stock, which has already escalated more than 22%. We have, in fact, been tracking this company for a while now. For instance, since we recommended this stock on Oct. 2013, the price rose by 39%. So, once again, keeping a close eye on insider moves can help you reap greater profits, outperforming the broader market. Let´s take a look at the purchases that took place since the start of 2014:

The –two- most recent transactions occurred on April 7th. Kenneth Owen, President and CEO, acquired 1,500 shares of Common Stock for approximately $77.81 per share. A few weeks earlier, on March 21st, he had already purchased 1,500 shares of the company, for $74.34 each. Following these transactions, the insider owns 5,000 shares of the company.

Oiltanking Partners LP

The other insider that bought stock on April 7th is David Griffis, a Board Director. He acquired 64 shares of the company for $78.51 each, and now holds 9,424 Oiltanking Partners shares. However, this purchase must be contextualized. Mr. Griffis has been buying this stock every month since Jan. 2012, always between the 7th and 9th day of the month. Since he first started buying, the stock has almost tripled in price. Nevertheless, valued at 15.8 times the company’s earnings (versus an industry average of 39.8x), this stock still looks like a bargain, especially given the firm’s industry leading margins, returns, growth history, and a 2.46% dividend yield.

Insider activity does not stop here. Jonathan Ackerman, Vice President and CFO, also acquired its stock this year. On March 10th, he started a position with 1,000 shares, which he procured for $70.53 per share.

Finally, there’s Anne-Marie Ainsworth, President, Chief Executive Officer and Board Director, who, on Jan. 6th, acquired 1,000 shares at prices ranging from $62.20 to $62.46 per common unit (the weighted average price was of $62.37 per share). Mrs. Ainsworth now owns 13,000 shares of Oiltanking Partners LP (NYSE:OILT), valued at more than $992,000.

In addition to all of these insiders, several major hedge funds have placed big bets on the stock lately. For instance, J. Alan Reid, Jr.’s Forward Management last declared having started a position in the stock with 140,000 shares, and Richard Driehaus‘ Driehaus Capital, one with 38,800 shares.

With insiders and hedge funds betting on this stock. Should you too? Or is it already too late?

Disclosure: Javier Hasse holds no position in any stocks mentioned

Recommended Reading:

Five Interesting Insider Purchases From the Beginning of 2014

Insiders Like Oiltanking Partners LP (OILT) Although Hedge Funds Don’t

Oiltanking Partners Insider is Buying at $55 a Share

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!