Schlumberger Ltd /nv/ (SLB) Files Form 4 Insider Selling : Patrick Schorn Sells 9,128 Shares

Schlumberger Ltd /nv/ (SLB): Patrick Schorn , President of Schlumberger Ltd /nv/ sold 9,128 shares on Jun 7, 2016. The Insider selling transaction was reported by the company on Jun 8, 2016 to the Securities and Exchange Commission. The shares were sold at $80.27 per share for a total value of $732,704.56 , 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.

Schlumberger Limited.: On Tuesday, Jun 7, 2016 heightened volatility was witnessed in Schlumberger Limited. which led to swings in the share price. The shares opened for trading at $79.45 and hit $80.37 on the upside , eventually ending the session at $80.1, with a gain of 1.28% or 1.01 points. The heightened volatility saw the trading volume jump to 85,46,417 shares. The 52-week high of the share price is $91.825 and the company has a market cap of $100,312 M . The 52-week low of the share price is at $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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