Schlumberger Limited (NYSE:SLB) Director Sells $94,560.00 in Stock

Schlumberger Limited (NYSE:SLB) Director La Chevardiere Patrick De sold 2,000 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $47.28, for a total value of $94,560.00. Following the completion of the sale, the director now directly owns 30,811 shares in the company, valued at $1,456,744.08. This trade represents a 6.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Schlumberger Stock Performance

Shares of SLB opened at $36.83 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.48 and a debt-to-equity ratio of 0.52. The business has a 50-day simple moving average of $42.06 and a two-hundred day simple moving average of $43.75. The stock has a market cap of $52.01 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 1.42 and a beta of 1.51. Schlumberger Limited has a 52 week low of $36.52 and a 52 week high of $55.69.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, October 18th. The oil and gas company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. The business had revenue of $9.16 billion during the quarter, compared to analysts’ expectations of $9.27 billion. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.78 earnings per share. On average, analysts expect that Schlumberger Limited will post 3.39 EPS for the current year.

Schlumberger Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 4th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Wednesday, December 4th. Schlumberger’s payout ratio is 35.37%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Sanford C. Bernstein raised Schlumberger to a “strong-buy” rating in a report on Tuesday, November 12th. Susquehanna dropped their target price on Schlumberger from $60.00 to $56.00 and set a “positive” rating on the stock in a report on Monday, October 21st. BMO Capital Markets dropped their target price on Schlumberger from $60.00 to $58.00 and set an “outperform” rating on the stock in a report on Thursday, October 10th. Barclays decreased their price target on Schlumberger from $61.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, December 18th. Finally, Dbs Bank initiated coverage on Schlumberger in a research note on Wednesday, September 18th. They issued a “buy” rating and a $64.50 price target for the company. Five investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $58.85.

Hedge Funds Weigh In On Schlumberger

Hedge funds have recently made changes to their positions in the business. ORG Partners LLC boosted its stake in shares of Schlumberger by 393.5% in the third quarter. ORG Partners LLC now owns 607 shares of the oil and gas company’s stock worth $25,000 after acquiring an additional 484 shares during the period. Prospera Private Wealth LLC bought a new position in shares of Schlumberger in the third quarter worth about $29,000. Ashton Thomas Securities LLC bought a new position in shares of Schlumberger in the third quarter worth about $37,000. DiNuzzo Private Wealth Inc. boosted its stake in shares of Schlumberger by 1,068.3% in the third quarter. DiNuzzo Private Wealth Inc. now owns 958 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 876 shares during the period. Finally, J. Stern & Co. LLP bought a new position in shares of Schlumberger in the third quarter worth about $47,000. 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.