Insider Trading Report: Energy Transfer LP (ET)

Bradford Whitehurst, CFO at Energy Transfer LP (ET) recently picked up 5,000 more shares. The buy increased his holdings by 0.65 percent, and came to a total purchase price of just over $46,000.

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  • This is the second insider buy of the year, following a 200,000 share buy from a director back in May. Over the past 3 years, insider buys have far exceeded sellers, even as shares have more than doubled off their pandemic lows.

    Overall, company insiders own over 27 percent of company shares.

    Rising oil production off of pandemic-driven cuts have benefitted the pipeline transportation company substantially, with shares up 42 percent in the past year, edging out the S&P 500. That’s on top of the stock’s 6.6 percent dividend yield now.

    Action to take: Trading at less than 5 times forward earnings, and with a big dividend yield thanks to its status as an LP, investors can grab cash and likely play the trend of strong oil demand in the years ahead.

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  • For traders, shares have remained in a strong uptrend over the past few months. The January $10 calls, last going for about $0.64, stand a good chance of moving in-the-money before expiration, which could lead to high-double to low-triple digit profits.

     

    Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.