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Driggers Timothy K: insider trades

Chief financial officer at EOG Resources. No open-market purchases and 11 sales not made under a pre-set plan, reported from April 2, 2012 to May 31, 2022.

What happened after Driggers Timothy K’s sales?

After their sales, the shares moved −9.4% against the index over 12 months on average (a negative figure means selling was the right call); 82% trailed it.

With 296 insiders tested, some will look skilled or unskilled by chance alone: when we replaced each insider’s stocks with random companies bought on the same days, about 5.7 cleared the bar ahead and 23.3 behind. One record on its own proves little.

Trade by trade

MeasuredTrades countedAverage vs S&P 500MedianWent the right wayYearst-statisticp-valueEvidence
Purchases, 3 months after the report 0 — — — — — — Not enough years
Purchases, 6 months after the report 0 — — — — — — Not enough years
Purchases, 12 months after the report 0 — — — — — — Not enough years
Purchases, 12 months after the trade 0 — — — — — — Not enough years
Sales, 3 months after the report 11 −2.8% −9.1% 73% 7 −1.44 0.20 No reliable evidence
Sales, 12 months after the report 11 −9.4% −16.1% 82% 7 −1.33 0.23 No reliable evidence
Sales, 12 months after the trade 11 −9.7% −17.5% 82% 7 −1.38 0.22 No reliable evidence

“Average vs S&P 500” is the stock’s return including dividends minus the index’s over the same dates, from the close on the first trading day after the report, or from the close on the trade date. Only windows that have finished are counted. For sales, a negative figure means the stock lagged after it was sold, so selling was the right call (green). “Went the right way” is the share of purchases that beat the index, or of sales that trailed it. The t-statistic uses one average per year of reports, because one person’s trades bunch into the same stock and weeks, and needs trades in at least four different years; the p-value comes from the t distribution with that number of years (with four years, a t of 2 has p = 0.14). “Some evidence” means p under 5%, “strong evidence” p under 1% over at least six years.

Companies traded

CompanyTitle on the latest filingPurchasesSalesFirst reportLatest report
EOG Resources EOG EVP & Chief Financial Officer011April 2, 2012May 31, 2022

Trades and what followed

Moves are against the S&P 500; green means the trade went the insider’s way.

ReportedTradedCompanyTradeValue3 months after report12 months after report12 months after trade
May 31, 2022May 27, 2022 EOG Sale $472,118 −8.4%−20.2%−17.9%
January 7, 2022January 6, 2022 EOG Sale $375,976 +30.9%+52.8%+59.7%
May 18, 2018May 17, 2018 EOG Sale $1,324,866 −14.8%−33.1%−31.6%
December 22, 2017December 21, 2017 EOG Sale $935,432 −2.6%−12.9%−10.8%
December 1, 2016November 30, 2016 EOG Sale $1,020,800 −12.4%−24.6%−22.2%
September 23, 2016September 21, 2016 EOG Sale $818,789 +8.5%−9.3%−16.8%
November 24, 2014November 21, 2014 EOG Sale $1,227,319 −9.3%−16.1%−21.4%
June 10, 2014June 6, 2014 EOG Sale $503,761 −10.9%−28.2%−26.7%
April 4, 2014April 3, 2014 EOG Sale $415,125 +11.6%−18.4%−17.5%
September 13, 2013September 12, 2013 EOG Sale $344,011 −9.1%+7.5%+1.0%
April 2, 2012March 30, 2012 EOG Sale $770,040 −14.1%−0.6%−1.8%

Open-market purchases and sales of at least $10,000 in companies we cover, from SEC Form 4 filings; sales made under a pre-set Rule 10b5-1 plan are not shown. “Not yet” means the window has not finished or the share price was under $5 at entry. These are the shares’ moves after each trade: they say nothing about why Driggers Timothy K traded and do not suggest the use of non-public information. How every insider compares · the insider trading backtest.