Insiders Cashed Profits in These 2 Basic Materials Stocks in December

As the Dow Jones Industrial Average trades above 12,000, here is a breakdown of executive insiders who were bearish on these stocks in the Basic Materials sector for the week ending December 16th, 2011:

John W Eckart who is Senior VP & Controller at Murphy Oil Corporation (NYSE:MUR), sold 15,000 shares on Dec 12 at $52.83 per share for a total value of $792,378. The shares recently traded at $50.85, down $2.17, or 4.09% since the insider sale. About the company: Murphy Oil Corporation is a worldwide oil and gas exploration and production company with refining and marketing operations in the United States and the United Kingdom. The Company also has exploration and production activities in countries that include United States, Canada, the United Kingdom, Malaysia, and Ecuador. Murphy Oil has retail operations as well in the United States. Get the most recent company news and stock data here >>

Frank W Rudolph who is EVP HUMAN RESOURCES at Devon Energy Corporation (NYSE:DVN), sold 1,200 shares on Dec 13 at $64.83 per share for a total value of $77,792. The shares recently traded at $59.05, down $4.33, or 6.83% since the insider sale. About the company: Devon Energy Corporation is an independent energy company that is involved primarily in oil and gas exploration, development and production, the transportation of oil, gas, and NGLs and the processing of natural gas. The Company also has marketing and midstream operations primarily in North America that include gas, crude oil and NGLs. Get the most recent company news and stock data here >>

(Note: Selected financial data are sourced from publicly available SEC filings. All data are assumed to be accurate.)

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