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Insider Trends: Schlumberger Insider Extends 90-Day Selling Trend

05/07/2021 14:00

05:56 PM EDT, 05/07/2021 (MT Newswires) -- On May 05, 2021, EVP, Geographies, Khaled Al Mogharbel, executed a sale of 44,632 shares in Schlumberger (SLB) for $1,353,242. Al Mogharbel, after the transactions designated in the SEC Form 4 filing, owns 106,897 shares of the company, which have a market value of $3.28 million as of the prior-day closing price.

Over the last 90 days, prior to the date of this filing, there have been 33 insider transactions reported to the SEC for Schlumberger. These transactions came from the activities of 21 different insiders that resulted in a net acquisition of 37,312 company shares. Relative to the preceding 90-day window of time, there were 37 transactions from 16 insiders that resulted in the net acquisition of 50,835 shares.

This is lower than the average level of insider transactions in the 65-company Oil Related Services and Equipment peer group over the last 90-day period. Activity in the peer group averaged 79.5 transactions per company, and disposition of 106,386 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/87347/000112760221015937/xslF345X03/form4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.