Weekly Top Insider Buys: SLB, APA, CHK, DCI, BGC

Author's Avatar
Jul 02, 2012
According to GuruFocus Insider Data, these are the largest insider buys during the past week: Schlumberger Limited (SLB, Financial), Apache Corporation (APA, Financial), Chesapeake Energy Corporation (CHK, Financial), Donaldson Company Inc. (DCI, Financial) and BGC Partners Inc. (BGC, Financial).


The overall trend of insiders is illustrated in the chart below:





Schlumberger Limited (SLB): Director Peter L. S. Currie Bought 5,000 Shares



Director of Schlumberger Limited Peter L. S. Currie bought 5,000 shares on 06/26/2012 at an average price of $64.91. Schlumberger Limited is a global technology services company consisting of two business segments, Schlumberger Oilfield Services and SchlumbergerSema. Schlumberger Limited. has a market cap of $86.56 billion; its shares were traded at around $64.91 with a P/E ratio of 16.47 and P/S ratio of 2.19. The dividend yield of Schlumberger Limited. stocks is 1.69%. Schlumberger Limited had an annual average earnings growth of 1.9% over the past five years.


On April 20, Schlumberger Limited reported first-quarter 2012 revenue of $10.61 billion versus $10.97 billion in the fourth quarter of 2011, and $8.72 billion in the first quarter of 2011. Net income attributable to Schlumberger, excluding charges and credits, was $1.31 billion — a decrease of 12% sequentially but an increase of 35% year-on-year. Diluted earnings-per-share, excluding charges and credits, was $0.98 versus $1.11 in the previous quarter, and $0.71 in the first quarter of 2011. Schlumberger recorded charges of $0.01 per share in the first quarter of 2012 versus $0.06 per share in the previous quarter, and $0.02 per share in the first quarter of 2011.


Last week, Director Peter L. S. Currie bought 5,000 shares of SLB stock. Vice President Doug Pferdehirt sold 8,000 shares in March. Vice President Satish Pai and Director Andrew Gould sold shares in February.


Apache Corporation (APA): Director Charles J. Pitman Bought 1,100 Shares



Director of Apache Corporation Charles J. Pitman bought 1,100 shares on 6/26/2012 at an average price of $87.83. Apache Corporation is an independent energy company that explores for, develops and produces natural gas, crude oil and natural gas liquids. Apache Corporation has a market cap of $34.35 billion; its shares were traded at around $87.83 with a P/E ratio of 7.26 and P/S ratio of 2.03. The dividend yield of Apache Corporation stocks is 0.77%. Apache Corporation had an annual average earnings growth of 15.3% over the past 10 years. GuruFocus rated Apache Corporation the business predictability rank of 2.5-star.


On May 3, Apache Corporation reported record worldwide production in the first-quarter of 2012 as the company benefitted from higher prices for oil and natural gas liquids and its balanced approach helped it weather the continuing deterioration of North American natural gas prices. Daily production increased 7 percent over the same period the prior year, adjusted for dispositions. Worldwide production was 769,000 barrels of oil equivalent (boe) per day, compared with 732,000 boe per day the same period the year before. Last year's total included 11,000 boe per day from certain assets in Canada and East Texas that were sold in the second half of 2011.


Last week, Director Charles J. Pitman bought 1,100 shares of APA stock. Senior Vice President Janine J. Mcardle sold 1,568 shares in March. President and Roger B. Plank, Exec. Vice President W Kregg Olson, and Corporate Secretary Cheri L. Peper sold shares in February. Chairman and CEO G. Steven Farris sold 7,000 shares in January.


Chesapeake Energy Corporation (CHK): Director Merrill A. Miller Jr. Bought 27,700 Shares



Director of Chesapeake Energy Corporation Merrill A. Miller Jr. bought 27,700 shares on 6/27/2012 at an average price of $18.63. Chesapeake Energy Corp. is an independent oil and gas company engaged in the development, exploration, acquisition and production of onshore natural gas and oil reserves. Chesapeake Energy Corporation has a market cap of $12.32 billion; its shares were traded at around $18.63 with a P/E ratio of 8.3 and P/S ratio of 1.06. The dividend yield of Chesapeake Energy Corporation stocks is 1.88%. Chesapeake Energy Corporation had an annual average earnings growth of 8% over the past 10 years.


On May 8, Chesapeake Midstream Partners LP announced financial results for the 2012 first quarter. The partnership’s 2012 first quarter net income totaled $52.4 million, an increase of $13.6 million, or 35.1%, from the 2011 first quarter. Adjusted EBITDA for the 2012 first quarter was $118.4 million, up $46.3 million, or 64.2%, from 2011 first quarter adjusted EBITDA of $72.1 million. Revenue for the 2012 first quarter was $154.7 million, an increase of $31.2 million, or 25.3%, compared to 2011 first quarter revenue of $123.5 million.


This month, Director R. Brad Martin, Director Merrill A. Miller Jr. and Executive Vice President Operations and COO Steven C. Dixon bought shares of CHK stock.


Donaldson Company Inc. (DCI): Vice President Wim Vermeersch Bought 2,000 Shares



Vice President of Donaldson Company Inc. Wim Vermeersch bought 2,000 shares on 06/25/2012 at an average price of $33.36. Donaldson Company Inc. is a worldwide manufacturer of air cleaners, liquid filters and exhaust products and accessories for heavy duty mobile equipment; in-plant air cleaning systems; air intake systems and exhaust products for industrial gas turbines; and specialized filters for diverse applications. Donaldson Company, Inc. has a market cap of $4.97 billion; its shares were traded at around $33.36 with a P/E ratio of 19.86 and P/S ratio of 2.17. The dividend yield of Donaldson Company, Inc. stocks is 1.08%. Donaldson Company, Inc. had an annual average earnings growth of 10.8% over the past 10 years. GuruFocus rated Donaldson Company Inc. the business predictability rank of 4-star.


On May 18, Donald Company Inc. reported results for the third fiscal quarter of 2012. The impact of foreign currency translation decreased sales by $11.6 million, or 2.0 percent, during the third quarter and decreased sales by $2.4 million, or 0.1 percent, year-to-date, compared to the same periods last year. The impact of foreign currency translation decreased reported net earnings by $0.9 million, or 1.5 percent, during the third quarter and decreased reported net earnings by $0.2 million, or 0.1 percent, for the year. Gross margin was 35.3 percent for the quarter and 35.1 percent year-to-date, compared to prior year margins of 35.2 percent for the quarter and year-to-date.


Last week, Vice President Wim Vermeersch bought 2,000 shares of DCI stock. Director Jack W. Eugster and Director John F. Grundhofer sold shares in March. Director Jeffrey Noddle sold 6,730 shares in February. Vice President David W. Timm sold 6,000 shares in January.


BGC Partners Inc. (BGCP): Director Albert M. Weis Bought 10,000 Shares



Director of BGC Partners Inc. (BGCP) Albert M. Weis bought 10,000 shares on 06/28/2012 at an average price of $5.87. BGC Partners Inc. is a global full-service inter-dealer broker, specializing in the trading of financial instruments and related derivatives products. BGC Partners Inc. has a market cap of $818.45 million; its shares were traded at around $5.87 with a P/E ratio of 7.72 and P/S ratio of 0.56. The dividend yield of BGC Partners Inc. stocks is 11.58%. BGC Partners Inc. had an annual average earnings growth of 6.3% over the past 10 years.


On May 3, BGC Partners Inc. reported its financial results for the quarter ended March 31, 2012. Revenues grew by 10.5 percent to $403.9 million, compared with $365.5 million. GAAP income from operations before income taxes was $18.9 million, down 22.9 percent compared with $24.5 million. GAAP net income for fully diluted shares was $15.8 million or $0.06 per share, down 24.2 percent compared with $20.8 million or $0.09 per share.


Last week, Director Albert M. Weis bought 10,000 shares of BGCP stock. Director Barry R. Sloane sold 2,928 shares in January.


For the complete list of stocks that bought by their company executives, go to: Insider Buys.