Schlumberger Ltd /nv/ (SLB) Files Form 4 Insider Selling : Paal Kibsgaard Sells 32,857 Shares

Schlumberger Ltd /nv/ (SLB): Paal Kibsgaard , Chief Executive Officer of Schlumberger Ltd /nv/ sold 32,857 shares on Jun 9, 2016. The Insider selling transaction was reported by the company on Jun 10, 2016 to the Securities and Exchange Commission. The shares were sold at $80.00 per share for a total value of $2,628,560.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 8, 2016, Patrick Schorn (President) sold 9,128 shares at $80.27 per share price.On May 31, 2016, Lubna S. Olayan (director) purchased 1,500 shares at $77.07 per share price.Also, On Apr 27, 2016, Sherif Foda (President Production Group) sold 3,500 shares at $78.92 per share price.On Jan 25, 2016, Mark Danton (Vice President-Director of Tax) sold 2,294 shares at $65.92 per share price.

Shares of Schlumberger Limited. (SLB) ended Thursday, Jun 9, 2016 session in red amid volatile trading. The shares closed down -0.85 points or -1.05% at $79.96 with 50,30,232 shares getting traded. Post opening the session at $79.47, the shares hit an intraday low of $79.31 and an intraday high of $80.12 and the price vacillated in this range throughout the day. The company has a market cap of $100,137 M and the number of outstanding shares has been calculated to be 1,25,23,34,170 shares. The 52-week high of Schlumberger Limited. is $91.825 and the 52-week low is $59.6.

Schlumberger Limited. Money Flow Index Chart

Company has been under the radar of several Street Analysts.Schlumberger Limited. is Downgraded by Scotia Howard Weil to Sector Outperform and the brokerage firm has set the Price Target at $80. Earlier the firm had a rating of Focus Stock on the company shares. The Rating was issued on May 12, 2016.Schlumberger Limited. is Downgraded by Societe Generale to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 28, 2016.Schlumberger Limited. is Reiterated by Barclays to Overweight while Lowering the Price Target of the company shares to $ 92 from a previous price target of $93 . The Rating was issued on Apr 26, 2016.Schlumberger Limited. is Reiterated by Cowen to Outperform and the brokerage firm has raised the Price Target to $ 85 from a previous price target of $75 .The Rating was issued on Apr 25, 2016.Schlumberger Limited. is Reiterated by Nomura to Buy and the brokerage firm has raised the Price Target to $ 88 from a previous price target of $81 .The Rating was issued on Apr 25, 2016.

Schlumberger N.V. is a supplier of technology integrated project management and information solutions to the international oil and gas exploration and production industry. The Company operates in the oilfield service markets through three Groups which include Reservoir Characterization Group which consists of the principal technologies involved in finding and defining hydrocarbon resources; Drilling Group which consists of the principal technologies involved in the drilling and positioning of oil and gas wells and Production Group which consists of the principal technologies involved in the lifetime production of oil and gas reservoirs and includes Well Services Completions Artificial Lift Well Intervention Water Services and the Schlumberger Production Management field production projects.

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