Schlumberger Limited (NYSE:SLB - Get Free Report) Director La Chevardiere Patrick De sold 2,000 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $47.28, for a total value of $94,560.00. Following the transaction, the director now owns 30,811 shares of the company's stock, valued at approximately $1,456,744.08. The trade was a 6.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Schlumberger Price Performance
SLB stock opened at $36.83 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.48. Schlumberger Limited has a 52-week low of $36.52 and a 52-week high of $55.69. The company has a market capitalization of $52.01 billion, a P/E ratio of 11.84, a PEG ratio of 1.42 and a beta of 1.51. The company has a fifty day moving average price of $42.06 and a 200-day moving average price of $43.75.
Schlumberger (NYSE:SLB - Get Free Report) last released its quarterly earnings results on Friday, October 18th. The oil and gas company reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.01. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. The firm had revenue of $9.16 billion for the quarter, compared to analyst estimates of $9.27 billion. During the same quarter in the previous year, the company posted $0.78 EPS. The business's revenue was up 10.2% on a year-over-year basis. As a group, equities analysts expect that Schlumberger Limited will post 3.39 EPS for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 4th will be given a $0.275 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.99%. Schlumberger's dividend payout ratio (DPR) is currently 35.37%.
Institutional Investors Weigh In On Schlumberger
Large investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. raised its position in shares of Schlumberger by 6.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 332,410 shares of the oil and gas company's stock worth $15,683,000 after acquiring an additional 18,826 shares in the last quarter. Hennessy Advisors Inc. lifted its stake in Schlumberger by 68.4% in the second quarter. Hennessy Advisors Inc. now owns 12,310 shares of the oil and gas company's stock valued at $581,000 after buying an additional 5,000 shares during the period. &PARTNERS boosted its holdings in shares of Schlumberger by 418.5% during the 2nd quarter. &PARTNERS now owns 25,052 shares of the oil and gas company's stock worth $1,182,000 after buying an additional 20,220 shares in the last quarter. LRI Investments LLC grew its position in shares of Schlumberger by 19.0% during the 2nd quarter. LRI Investments LLC now owns 1,745 shares of the oil and gas company's stock worth $82,000 after buying an additional 279 shares during the period. Finally, Banque Pictet & Cie SA grew its holdings in Schlumberger by 25.9% in the second quarter. Banque Pictet & Cie SA now owns 296,900 shares of the oil and gas company's stock worth $14,008,000 after purchasing an additional 60,994 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. Atb Cap Markets downgraded shares of Schlumberger from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Susquehanna dropped their price objective on Schlumberger from $60.00 to $56.00 and set a "positive" rating on the stock in a research note on Monday, October 21st. Dbs Bank began coverage on shares of Schlumberger in a research note on Wednesday, September 18th. They issued a "buy" rating and a $64.50 price target on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $69.00 price objective on shares of Schlumberger in a report on Thursday, October 3rd. Finally, Griffin Securities cut Schlumberger from a "buy" rating to a "neutral" rating in a report on Friday. Five investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Schlumberger has an average rating of "Moderate Buy" and an average price target of $58.85.
Check Out Our Latest Analysis on SLB
Schlumberger Company Profile
(
Get Free Report)
Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.
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