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Core Laboratories CEO David Demshur Sold 200,000 Shares

July 29, 2011 | About:
Dividend Growth Investor

hyperman299

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CEO of Core Laboratories N.V. (CLB) David M. Demshur sold 200,000 shares on 07/27/2011 at an average price of $109.26. The total transaction amount is $21,852,000. David Demshur joined Core Laboratories in 1979, and currently serves as the company’s CEO. He his also the chairman of the company’s supervisory board.

Based in the Netherlands, Core Laboratories provides geological and environmental analysis services and manufactures precise measurement equipment. Core Laboratories N.V. has a market cap of $4.86 billion; its shares were traded at around $106.57 with a P/E ratio of 32.2 and P/S ratio of 6.2. The dividend yield of Core Laboratories N.V. stocks is 0.9%. Core Laboratories N.V. had an annual average earnings growth of 28.7% over the past 10 years. GuruFocus rated Core Laboratories N.V. the business predictability rank of 4.5-star.

Core Laboratories recently reported its first quarter 2011 results. Total revenue was $206.7 million, up from $188.3 million from the first quarter of 2010. Diluted earnings per share attributable to the company were 94 cents, compared to 69 cents per share a year ago. Cash dividends per share were 25 cents, compared to 6 cents a year ago.

Richard Aster Jr owns 355,385 shares as of 03/31/2011, which accounts for 1.09% of the $3.34 billion portfolio of Meridian Fund. Ron Baron owns 2,941,187 shares as of 03/31/2011, which accounts for 1.63% of the $18.46 billion portfolio of Baron Funds.

Executive Vice President, CFO & Treasurer Richard L. Bergmark sold 50,000 shares of CLB stock on 07/25/2011 at the average price of $111.76. Richard L. Bergmark owns at least 121,054 shares after this. The price of the stock has decreased by 4.64% since. Chief Accounting Officer Charles Brigham Miller sold 10,000 shares of CLB stock on 07/25/2011 at the average price of $111.17. Charles Brigham Miller owns at least 53,468 shares after this. The price of the stock has decreased by 4.14% since. Other insiders have also decreased their positions in the company.CLB has a predictability rating of 4.5 stars.

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