Shares of Schlumberger N.V. (NYSE:SLB) Sees Large Inflow of Net Money Flow

Shares of Schlumberger N.V. (NYSE:SLB) saw an erosion of -1.43 points in recent session. During the trading, the value of each share was $78.53, dropping -1.79%. The shares saw high fund-flow as the composite value of all the upticks was $100.97 million and the total value of all the downticks was a mere $57.59 million. The net money flow was seen at $43.38 million and the up/down ratio was measured at 1.75. On a weekly basis the shares of the shares have recorded a change of 3.83%.The block trade which occurred today had $45.24 million in upticks and $0 million in downticks with the up/down ratio climbing to 0. $45.24 million was the net money flow of the block transaction.


Currently the company Insiders own 0.36% of Schlumberger N.V. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -10.87% . Institutional Investors own 74.35% of Schlumberger N.V. shares. During last six month period, the net percent change held by insiders has seen a change of -8.47%. On the companys insider trading activities,The director officer (Chief Executive Officer) of Schlumberger Ltd /Nv/, Kibsgaard Paal sold 32,857 shares at $80 on June 9, 2016. The Insider selling transaction had a total value worth of $2,628,560. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Schlumberger N.V. (NYSE:SLB) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.89 points or 1.13% at $77.64 with 5,115,367 shares getting traded. Post opening the session at $78.01, the shares hit an intraday low of $77.57 and an intraday high of $78.94 and the price was in this range throughout the day. The company has a market cap of $97,231 million and the number of outstanding shares have been calculated to be 1,252,334,170 shares. The 52-week high of Schlumberger N.V. (NYSE:SLB) is $90.62 and the 52-week low is $59.6.

Many analysts have stated their opinion on the company shares. Goldman Sachs upgrades its view on Schlumberger N.V. (NYSE:SLB) according to the research report released by the firm to its investors. The shares have now been rated Conviction Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on May 23, 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.