GTE CEO Gary Guidry Purchases Company Shares
Gary Guidry, President and CEO of GTE, bought 546 shares on June 16, 2026.
Key Points
- Gary Guidry, GTE's CEO, bought 546 shares at $7.64 each on June 16, 2026, totaling $4,171.44.
- GTE shares traded near $7.34, with institutional investors like LM Asset Management and D. E. Shaw & Co. increasing their stakes.
- Analyst firm Canaccord Genuity maintains a 'buy' rating for GTE with a $20 price target as of April 22, 2024.
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Gary Guidry, the President and CEO of GTE, recently acquired 546 shares of his company at a price of $7.64 each. This transaction, which took place on June 16, 2026, was valued at $4,171.44. The purchase was not part of a pre-planned trading program.
Insider Buying and Selling at Gran Tierra Energy Inc.
On the same day, several other insiders at GTE also bought shares. Sebastien Morin, the Chief Operating Officer, bought 585 shares, while Jim Evans, the Executive Vice President of Corporate Services, acquired 176 shares. Phillip Abraham, the Executive Vice President of Legal and Land, purchased 312 shares. These transactions were also not planned.
Other Institutional Activity in GTE
Institutional investors have shown varied interest in GTE. LM Asset Management Inc. increased its holdings by 354,000 shares, bringing its total to 4,045,420 shares valued at approximately $36.3 million. D. E. Shaw & Co., Inc. significantly boosted its position by 628,185 shares, ending with 1,100,206 shares worth about $9.87 million. Meanwhile, Equinox Partners Investment Management LLC held steady, maintaining its 6,381,471 shares valued at $57.2 million.
Gran Tierra Energy Inc. Stock Down 25.6%
Shares of GTE traded near $7.34 recently. The company's stock has seen varied interest from both insiders and institutional investors. While specific financial metrics like market cap and P/E ratio were not provided, the stock's trading activity indicates ongoing interest and activity.
$GTE stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
Analysts have maintained their outlook on GTE. On April 22, 2024, Canaccord Genuity reiterated its 'buy' rating with a price target of $20. RBC Capital has maintained a 'hold' rating, setting a $10 price target as of March 13, 2024. The consensus among analysts reflects a mixed but cautious optimism about GTE's future prospects.
Bottom Line
Gary Guidry's recent purchase of GTE shares underscores his confidence in the company's future. Institutional investors are also adjusting their positions, reflecting varied strategies and outlooks. Analysts maintain a range of ratings, from 'hold' to 'buy', indicating differing views on GTE's potential. As always, it's important to remember that insider transactions like these are disclosed after the fact and may not signal future performance.
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