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 stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $47.28, for a total value of $94,560.00. Following the transaction, the director now directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Schlumberger Trading Down 0.2 %

Shares of NYSE SLB opened at $36.83 on Monday. The business’s 50 day moving average price is $42.06 and its 200-day moving average price is $43.75. The company 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 fifty-two week low of $36.52 and a fifty-two week high of $55.69. 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 (NYSE:SLB) last released its quarterly earnings data on Friday, October 18th. The oil and gas company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.88 by $0.01. The company had revenue of $9.16 billion for the quarter, compared to the consensus estimate of $9.27 billion. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. Schlumberger’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the business posted $0.78 EPS. On average, sell-side analysts expect that Schlumberger Limited will post 3.39 earnings per share for the current year.

Schlumberger Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 4th will be issued a dividend of $0.275 per share. The ex-dividend date is Wednesday, December 4th. This represents a $1.10 annualized dividend and a yield of 2.99%. Schlumberger’s payout ratio is currently 35.37%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SLB. Evercore ISI dropped their price target on Schlumberger from $74.00 to $62.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Dbs Bank began coverage on Schlumberger in a research note on Wednesday, September 18th. They set a “buy” rating and a $64.50 price target for the company. Citigroup dropped their price target on Schlumberger from $53.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday. TD Cowen lowered their price objective on Schlumberger from $68.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, October 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $60.00 price objective (down from $62.00) on shares of Schlumberger in a research note on Monday, October 21st. Five equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $58.85.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky increased its holdings in Schlumberger by 25.9% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 761,875 shares of the oil and gas company’s stock worth $31,961,000 after purchasing an additional 156,698 shares during the period. Wilmington Savings Fund Society FSB boosted its position in Schlumberger by 27.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 76,838 shares of the oil and gas company’s stock valued at $3,223,000 after acquiring an additional 16,350 shares in the last quarter. Victory Capital Management Inc. boosted its position in Schlumberger by 8.7% during the 3rd quarter. Victory Capital Management Inc. now owns 817,771 shares of the oil and gas company’s stock valued at $34,305,000 after acquiring an additional 65,318 shares in the last quarter. Concurrent Investment Advisors LLC boosted its position in Schlumberger by 269.1% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 19,718 shares of the oil and gas company’s stock valued at $827,000 after acquiring an additional 14,376 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its position in Schlumberger by 0.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 1,901,713 shares of the oil and gas company’s stock valued at $89,723,000 after acquiring an additional 11,813 shares in the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

About Schlumberger

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.