SPY421.97-0.14 -0.03%
DIA338.65-2.11 -0.62%
IXIC14,161.35+121.67 0.87%

Schlumberger (SLB) sees Significant Insider Sales Extending the Trend of Last Quarter

05/10/2021 18:29

10:20 PM EDT, 05/10/2021 (MT Newswires) -- Schlumberger, today, saw two insiders -- Khaled Al Mogharbel, Officer, and Hinda Gharbi, Officer -- sell 74,632 shares having a market value of approximately $2,256,152, as reported in form 4 documents filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 50,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 124,632 shares and have averaged 31,158 shares per transaction over this time period.

Today's Insider Activity

The number of insider buy/sell trades at Schlumberger is higher than that of the 65 peer company average over the last 90-day period. The Oil Related Services and Equipment peer group saw 49 buy/sell trades during this period for an average of 0.8 transactions per company. However, the number of shares traded per transaction by Schlumberger insiders is lower than its peers. Within the peer group there were 129,859 shares purchased and 11,634,969 shares sold with company insiders selling 234,798 shares on average over this time period.

The data sourced in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

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.