{"scope": "sector", "title": "Energy", "sector": "Energy", "industry": null, "intelligence": {"score": 49, "label": "Balanced insider tape", "tone": "neutral", "stance": "Wait for clearer clustering", "brief": "Acquisition and disposal evidence is mixed after low-information compensation and derivative activity is separated out.", "confidence": 93, "confidence_label": "Deep evidence", "filings": 1308, "companies": 103, "insiders": 511, "signal_events": 599, "acquisition_events": 187, "disposal_events": 412, "acquisition_share": 31.2, "disposal_share": 68.8, "acquisition_value": 453167602.9957, "disposal_value": 1361731233.5165, "net_value": -908563630.5208, "acquisition_value_label": "$453.2M", "disposal_value_label": "$1.4B", "net_value_label": "-$908.6M", "data_quality": 53, "priced_common_share": 47, "latest_date": "2026-09-10", "latest_signal_date": "2026-09-10", "oldest_date": "2026-06-18", "evidence_classes": [{"key": "common_equity", "label": "Common equity", "count": 888, "bar_width": 100.0}, {"key": "equity_award", "label": "Equity compensation", "count": 229, "bar_width": 25.8}, {"key": "derivative", "label": "Options and derivatives", "count": 56, "bar_width": 6.3}, {"key": "other", "label": "Other securities", "count": 135, "bar_width": 15.2}], "roles": [{"label": "Director", "count": 470, "bar_width": 100.0}, {"label": "Other executive", "count": 226, "bar_width": 48.1}, {"label": "Other or unspecified", "count": 197, "bar_width": 41.9}, {"label": "Large holder", "count": 171, "bar_width": 36.4}, {"label": "CEO and chair", "count": 145, "bar_width": 30.9}, {"label": "Finance leadership", "count": 99, "bar_width": 21.1}], "supports": ["187 distinct acquisition events survive duplicate and security-type controls.", "Participation spans 511 named insiders rather than one filing source.", "The latest qualifying evidence is fresh, dated 10 Sep 2026."], "risks": ["Qualifying disposal events outnumber acquisitions, although disposals receive a lower directional weight."]}, "timeline": [{"start": "2026-06-29", "label": "29 Jun", "acquisitions": 152, "disposals": 68, "qualified_acquisitions": 25, "qualified_disposals": 37, "total": 220, "height": 98.7, "acquisition_height": 69.1, "disposal_height": 30.9}, {"start": "2026-07-06", "label": "06 Jul", "acquisitions": 25, "disposals": 12, "qualified_acquisitions": 8, "qualified_disposals": 10, "total": 37, "height": 16.6, "acquisition_height": 67.6, "disposal_height": 32.4}, {"start": "2026-07-13", "label": "13 Jul", "acquisitions": 21, "disposals": 17, "qualified_acquisitions": 7, "qualified_disposals": 15, "total": 38, "height": 17.0, "acquisition_height": 55.3, "disposal_height": 44.7}, {"start": "2026-07-20", "label": "20 Jul", "acquisitions": 42, "disposals": 26, "qualified_acquisitions": 9, "qualified_disposals": 19, "total": 68, "height": 30.5, "acquisition_height": 61.8, "disposal_height": 38.2}, {"start": "2026-07-27", "label": "27 Jul", "acquisitions": 43, "disposals": 48, "qualified_acquisitions": 15, "qualified_disposals": 32, "total": 91, "height": 40.8, "acquisition_height": 47.3, "disposal_height": 52.7}, {"start": "2026-08-03", "label": "03 Aug", "acquisitions": 62, "disposals": 105, "qualified_acquisitions": 25, "qualified_disposals": 65, "total": 167, "height": 74.9, "acquisition_height": 37.1, "disposal_height": 62.9}, {"start": "2026-08-10", "label": "10 Aug", "acquisitions": 90, "disposals": 133, "qualified_acquisitions": 36, "qualified_disposals": 73, "total": 223, "height": 100.0, "acquisition_height": 40.4, "disposal_height": 59.6}, {"start": "2026-08-17", "label": "17 Aug", "acquisitions": 42, "disposals": 84, "qualified_acquisitions": 14, "qualified_disposals": 71, "total": 126, "height": 56.5, "acquisition_height": 33.3, "disposal_height": 66.7}, {"start": "2026-08-24", "label": "24 Aug", "acquisitions": 15, "disposals": 27, "qualified_acquisitions": 8, "qualified_disposals": 20, "total": 42, "height": 18.8, "acquisition_height": 35.7, "disposal_height": 64.3}, {"start": "2026-08-31", "label": "31 Aug", "acquisitions": 70, "disposals": 130, "qualified_acquisitions": 24, "qualified_disposals": 51, "total": 200, "height": 89.7, "acquisition_height": 35.0, "disposal_height": 65.0}, {"start": "2026-09-07", "label": "07 Sep", "acquisitions": 4, "disposals": 21, "qualified_acquisitions": 4, "qualified_disposals": 21, "total": 25, "height": 11.2, "acquisition_height": 16.0, "disposal_height": 84.0}, {"start": "2026-09-14", "label": "14 Sep", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}], "peers": [{"label": "Financials", "score": 76, "confidence": 75}, {"label": "Real Estate", "score": 69, "confidence": 93}, {"label": "Utilities", "score": 63, "confidence": 96}, {"label": "Basic Materials", "score": 59, "confidence": 95}, {"label": "Financial Services", "score": 51, "confidence": 95}, {"label": "Consumer Defensive", "score": 49, "confidence": 94}, {"label": "Energy", "score": 47, "confidence": 94}, {"label": "Industrials", "score": 46, "confidence": 94}, {"label": "Consumer Cyclical", "score": 44, "confidence": 94}, {"label": "Healthcare", "score": 40, "confidence": 95}, {"label": "Communication Services", "score": 33, "confidence": 92}, {"label": "Technology", "score": 26, "confidence": 95}], "leaders": {"constructive": [{"symbol": "BTU", "name": "Peabody Energy Corp", "score": 88, "confidence": 94}, {"symbol": "TPL", "name": "Texas Pacific Land Corporation", "score": 88, "confidence": 79}, {"symbol": "MTDR", "name": "Matador Resources Company", "score": 85, "confidence": 69}, {"symbol": "HNRG", "name": "Hallador Energy Company", "score": 83, "confidence": 67}, {"symbol": "EPSN", "name": "Epsilon Energy Ltd", "score": 83, "confidence": 56}, {"symbol": "EOG", "name": "EOG Resources Inc", "score": 81, "confidence": 93}, {"symbol": "GRNT", "name": "Granite Ridge Resources Inc", "score": 80, "confidence": 69}, {"symbol": "CLNE", "name": "Clean Energy Fuels Corp", "score": 78, "confidence": 46}], "cautious": [{"symbol": "WTI", "name": "W&T Offshore Inc", "score": 12, "confidence": 80}, {"symbol": "KMI", "name": "Kinder Morgan Inc", "score": 12, "confidence": 82}, {"symbol": "TRGP", "name": "Targa Resources Inc", "score": 12, "confidence": 88}, {"symbol": "CHRD", "name": "Chord Energy Corp", "score": 12, "confidence": 88}, {"symbol": "VTOL", "name": "Bristow Group Inc", "score": 12, "confidence": 89}, {"symbol": "LPG", "name": "Dorian LPG Ltd", "score": 12, "confidence": 91}, {"symbol": "KNTK", "name": "Kinetik Holdings Inc", "score": 12, "confidence": 96}, {"symbol": "DK", "name": "Delek US Energy Inc", "score": 12, "confidence": 100}], "active": [{"symbol": "PBF", "name": "PBF Energy Inc", "score": 52, "confidence": 97}, {"symbol": "TPL", "name": "Texas Pacific Land Corporation", "score": 88, "confidence": 79}, {"symbol": "KNTK", "name": "Kinetik Holdings Inc", "score": 12, "confidence": 96}, {"symbol": "CVX", "name": "Chevron Corp", "score": 62, "confidence": 81}, {"symbol": "PARR", "name": "Par Pacific Holdings Inc", "score": 49, "confidence": 95}, {"symbol": "SM", "name": "SM Energy Co", "score": 35, "confidence": 90}, {"symbol": "DK", "name": "Delek US Energy Inc", "score": 12, "confidence": 100}, {"symbol": "LPG", "name": "Dorian LPG Ltd", "score": 12, "confidence": 91}]}, "method": "Group reads measure breadth and conviction across controlled company-level insider evidence; they are classifications, not forecasts."}