Top Buys by Directors: Rutherford's $851K Bet on EPD

By Energy Stock Channel Staff, Friday, May 27, 11:05 AM ET

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Top Insider Buys By Company Directors »

The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $851K invested across 3 purchases by John R. Rutherford, Director at Enterprise Products Partners L.P. (NYSE:EPD).

Rutherford bets big on EPD:

Purchased	Insider	Title	Shares	Price/Share	Value
02/02/2022	John R. Rutherford	Director	10,000	$23.72	$237,205.00
02/18/2022	John R. Rutherford	Director	15,000	$23.76	$356,415.00
05/12/2022	John R. Rutherford	Director	10,000	$25.74	$257,384.00

Rutherford's average cost works out to $24.31/share. Shares of Enterprise Products Partners L.P. were changing hands at $27.25 at last check, trading off about 0.5% on Friday. The chart below shows the one year performance of EPD shares, versus its 200 day moving average:

Enterprise Products Partners L.P. Chart

Looking at the chart above, EPD's low point in its 52 week range is $20.42 per share, with $27.85 as the 52 week high point — that compares with a last trade of $27.25.

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Top Buys by Directors: Rutherford's $851K Bet on EPD

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