Insider overview: Wal-Mart
BY THOMSON FINANCIAL REPORTS
Monday, November 26, 2012
11/26/12 at 2:57 AM
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Michael T. Duke, CEO, on Nov. 19 exercised options to purchase 360,335 shares at $48.07 to $51.92 per share with a market value of $17,746,094. Duke has not sold WMT shares since November 2009.
Leslie A. Dach, officer, on Nov. 19 exercised options to purchase 200,081 WMT shares at $44.43 to $47.96 with a market value of $9,000,003. Wal-Mart insiders have sold $5.5 million in stock so far in the fourth quarter with no buy decisions, according to Thomson.
Alliance Resource Partners LP: Wilson M. Torrence, director, on Nov. 15 purchased 1,000 units at $52.87 with a market value of $52,873. Trading for the Tulsa-based coal production firm rose 34.5 percent in the six months following Torrence's previous buy decision in 2009.
ARLP generated $60.5 million in third-quarter net income, down $44 million year over year, despite higher production volumes. The Tulsa company blamed its decreased profit on costs related to the idling of its Pontiki mine in Kentucky.
Devon Energy Corp.: Jeffrey A. Agosta, chief financial officer, on Nov. 19 exercised options to purchase 34,338 DVN shares at $23.05 to $38.45 with a market value of $1,253,469. On the same day, DVN officer Richard Alan Marcum exercised options to purchase 21,256 shares at $23.05 with a market value of $489,845.
Daryl G. Smette, DVN officer, on Nov. 20 exercised options to purchase 128,500 shares at $23.05 to $38.45 with a market value of $3,577,483.
The Oklahoma City-based producer suffered a $719 million net loss in its third quarterly, mainly due to a $1.1 billion non-cash asset impairment on the carrying value of its oil and natural gas properties due to lower prices, according to reports.