Schlumberger Limited (NYSE:SLB) supplies technology, integrated project management, and information solutions to oil and gas exploration and production industries worldwide.
Insider selling during the last 30 days
Here is a table of Schlumberger's insider activity during the last 30 days by insiders.
|Name||Title||Trade Date||Shares Sold||Rule 10b5-1||Current Ownership||Decrease In Ownership|
|Alexander Juden||General Counsel||April 21-23||55,601||No||25,028 shares + 8,941 options||62.1%|
|Paal Kibsgaard||CEO||April 21-23||143,800||No||90,967 shares + 439,449 options||21.3%|
|Howard Guild||CAO||April 21||30,000||No||10,268 shares||74.5%|
There have been 229,401 shares sold by insiders during the last 30 days.
Insider selling by calendar month
Here is a table of Schlumberger's insider activity by calendar month.
|Month||Insider selling / shares||Insider buying / shares|
There have been 777,218 shares sold, and there have been zero shares purchased by insiders since January 2013. The month of February 2014 has seen the most insider selling.
Schlumberger reported the first-quarter financial results on April 17 with the following highlights:
|Net income||$1.6 billion|
The three insiders sold their shares after these results.
Schlumberger's 2014 guidance is as follows:
|EPS||Double digit growth|
|Qtrly Rev Growth (yoy):||0.06||0.10||0.04||-0.08|
|PEG (5 yr expected):||0.96||0.73||0.71||0.43|
Schlumberger has the highest P/S ratio among these four companies.
Here is a table of these competitors' insider activities this year.
|Company||Insider buying / shares||Insider selling / shares|
There have been three different insiders selling Schlumberger, and there have not been any insiders buying Schlumberger during the last 30 days. All three of these insiders decreased their holdings by more than 10%. Schlumberger has an insider ownership of 0.21%.
Before going short Schlumberger, I would like to get a bearish confirmation from the Point & Figure chart. The two main reasons for the proposed short entry are a relatively high P/S ratio, and the intensive insider-selling activity.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.