Schlumberger (NYSE:SLB) Trading Down 0.1%

Schlumberger Limited (NYSE:SLB)’s stock price traded down 0.1% on Tuesday . The stock traded as low as $54.08 and last traded at $54.25. 979,088 shares were traded during trading, a decline of 92% from the average session volume of 11,550,702 shares. The stock had previously closed at $54.31.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Susquehanna reaffirmed a “positive” rating and issued a $77.00 price objective on shares of Schlumberger in a report on Tuesday, February 13th. Benchmark reaffirmed a “buy” rating and issued a $68.00 price objective on shares of Schlumberger in a report on Monday, March 4th. Wells Fargo & Company upped their price objective on shares of Schlumberger from $69.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. Barclays dropped their price objective on shares of Schlumberger from $77.00 to $74.00 and set an “overweight” rating on the stock in a report on Monday, January 22nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $66.00 price objective on shares of Schlumberger in a report on Thursday, February 8th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Schlumberger currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.87.

Schlumberger Price Performance

The company has a quick ratio of 1.00, a current ratio of 1.32 and a debt-to-equity ratio of 0.51. The stock’s 50-day simple moving average is $50.23 and its two-hundred day simple moving average is $53.17. The company has a market capitalization of $78.36 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 0.97 and a beta of 1.59.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The company had revenue of $8.99 billion during the quarter, compared to analysts’ expectations of $8.96 billion. Schlumberger had a net margin of 12.68% and a return on equity of 21.97%. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 earnings per share. Equities research analysts predict that Schlumberger Limited will post 3.54 earnings per share for the current year.

Schlumberger Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Wednesday, February 7th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Tuesday, February 6th. Schlumberger’s dividend payout ratio is presently 34.25%.

Insiders Place Their Bets

In other news, VP Kevin Fyfe sold 20,223 shares of the stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $52.05, for a total value of $1,052,607.15. Following the completion of the sale, the vice president now directly owns 31,198 shares in the company, valued at $1,623,855.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Katharina Beumelburg sold 8,000 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $52.62, for a total value of $420,960.00. Following the completion of the sale, the insider now directly owns 15,581 shares in the company, valued at $819,872.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Kevin Fyfe sold 20,223 shares of the stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $52.05, for a total transaction of $1,052,607.15. Following the completion of the sale, the vice president now owns 31,198 shares of the company’s stock, valued at $1,623,855.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 172,191 shares of company stock worth $8,636,322. Company insiders own 0.26% of the company’s stock.

Institutional Investors Weigh In On Schlumberger

Hedge funds have recently modified their holdings of the company. Guinness Asset Management LTD grew its holdings in shares of Schlumberger by 0.3% in the third quarter. Guinness Asset Management LTD now owns 331,309 shares of the oil and gas company’s stock valued at $19,468,000 after purchasing an additional 965 shares during the period. Nordea Investment Management AB grew its holdings in shares of Schlumberger by 36.4% in the fourth quarter. Nordea Investment Management AB now owns 1,424,625 shares of the oil and gas company’s stock valued at $74,080,000 after purchasing an additional 380,185 shares during the period. Allworth Financial LP grew its holdings in shares of Schlumberger by 3.8% in the third quarter. Allworth Financial LP now owns 5,557 shares of the oil and gas company’s stock valued at $324,000 after purchasing an additional 206 shares during the period. Chiron Investment Management LLC purchased a new stake in shares of Schlumberger in the third quarter valued at about $4,733,000. Finally, Klein Pavlis & Peasley Financial Inc. purchased a new stake in shares of Schlumberger in the fourth quarter valued at about $1,087,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Schlumberger Company Profile

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.