Schlumberger Limited (NYSE:SLB), saw an insider lower their position in the company through multiple transactions officially filed today August, 11th. Executive Vice President Jean-Francois Poupeau sold a total of 6,000 shares of common stock in the company at prices ranging from $107.01 to $107.02 per share.
Following the completion of this move, Poupeau now directly holds 31,048 shares in the company. A $141.91 billion market cap powerhouse, Schlumberger Limited (NYSE:SLB) is the supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry.
As well, multiple hedge funds are involved with the information and energy corporation. Ken Fisher‘s Fisher Asset Management saw its exposure lower by 4% last quarter, and now has 3,939,601 shares worth about $384.1 million; while Edgar Wachenheim‘s Greenhaven Associates maintained its position throughout the last quarter, holding 3,564,460 shares worth approximately $347.5 million invested in Schlumberger Limited (NYSE:SLB).
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.