Although US stocks ended mixed on Wednesday, there was some notable insider trading.

When insiders buy stock, it shows they have confidence in the company’s prospects or that they see the stock as a bargain. Either way, it signals an opportunity to go long the stock. Insider buying should not be taken as the sole indicator of an investment or trading decision. At best, it can convince a purchase decision.

Below is a look at some notable recent insider purchases. For more information, see Benzinga insider trading Platform.

Western Petroleum

• The trade: Occidental Petroleum Corporation OXY 10% owner Warren E. Buffett acquired a total of 7,886,964 shares an average price of $59.17. The purchase of these shares cost around 466.68 million US dollars.
• What’s up: Occidental Petroleum reported weaker than expected quarterly earnings.
• What Occidental Petroleum does: Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America and the Middle East.

Ryan Specialty Holdings

• The trade: Ryan Specialty Holdings, Inc. Ryan Managing Director Patrick Ryan acquired a total of 208,100 shares an average price of $37.39. The purchase of these shares cost around 7.78 million US dollars.
• What’s up: Ryan Specialty Group released positive quarterly results.
• What Ryan Specialty Holdings does: Ryan Specialty Holdings Inc, formerly Ryan Specialty Group Holdings Inc, is a provider of specialty products and solutions to insurance brokers, agents and transportation companies.

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Crocs

• The trade: Crocs, Inc. CROX Director Thomas Smach bought a total of 3,000 shares at an average price of $113.15. Acquisition of these shares cost about 339.44 thousand US dollars.
• What’s up: Crocs reported better-than-expected fourth-quarter EPS and sales results and issued an adjusted EPS guidance for Q1 and FY23 that beat estimates.
• What Crocs does: Crocs Inc is engaged in the…