Schlumberger Limited (SLB) Insider Sells Over 50,000 Shares

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Schlumberger Limited. (NYSE:SLB), saw an insider lower his holdings with the company through a transaction filed today, July 28th. Chief Financial Officer Simon Ayat disposed of 54,566 shares of common stock at an average price of $112.37 per share. Following this transaction, Ayat now has 96,112 shares directly invested in the company.
A $145.77 billion market company, 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.
In addition, multiple hedge funds are involved with the company. Fisher Asset Management, the hedge fund run by Ken Fisher, dropped it’s activity by a reported 4% last quarter, and now has 3,939,601 shares worth about $384 million invested in the company; while Edgar Wachenheim‘s Greenhaven Associates showed no change in it’s involvement last quarter, and now holds 3,564,460 shares worth approximately $347.5 million in Schlumberger Limited. (NYSE:SLB).
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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