Shares of Schlumberger Limited. (NYSE:SLB) have received a consensus rating of “Hold” from the twenty-five research firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $57.16.
A number of research firms have recently weighed in on SLB. Zacks Investment Research raised Schlumberger from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 6th. Raymond James reissued a “hold” rating on shares of Schlumberger in a report on Tuesday, April 2nd. Royal Bank of Canada cut their price target on Schlumberger to $51.00 and set an “outperform” rating for the company in a report on Wednesday, May 15th. BMO Capital Markets set a $44.00 price target on Schlumberger and gave the stock a “hold” rating in a report on Monday, April 22nd. Finally, Stifel Nicolaus set a $50.00 price target on Schlumberger and gave the stock a “hold” rating in a report on Monday, April 22nd.
In related news, insider Alexander C. Juden sold 8,643 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $43.29, for a total value of $374,155.47. Following the completion of the transaction, the insider now directly owns 70,260 shares in the company, valued at $3,041,555.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Simon Ayat sold 25,000 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $46.10, for a total value of $1,152,500.00. Following the completion of the transaction, the chief financial officer now owns 255,971 shares of the company’s stock, valued at $11,800,263.10. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in SLB. Vanguard Group Inc grew its position in Schlumberger by 0.7% during the third quarter. Vanguard Group Inc now owns 108,726,647 shares of the oil and gas company’s stock valued at $6,623,627,000 after acquiring an additional 735,605 shares during the period. BlackRock Inc. grew its position in Schlumberger by 3.0% during the fourth quarter. BlackRock Inc. now owns 89,747,843 shares of the oil and gas company’s stock valued at $3,238,103,000 after acquiring an additional 2,571,883 shares during the period. Northern Trust Corp grew its position in Schlumberger by 2.3% during the first quarter. Northern Trust Corp now owns 17,719,327 shares of the oil and gas company’s stock valued at $772,031,000 after acquiring an additional 395,979 shares during the period. Geode Capital Management LLC grew its position in Schlumberger by 6.2% during the first quarter. Geode Capital Management LLC now owns 17,503,847 shares of the oil and gas company’s stock valued at $761,834,000 after acquiring an additional 1,016,006 shares during the period. Finally, Loomis Sayles & Co. L P boosted its position in shares of Schlumberger by 1.6% in the first quarter. Loomis Sayles & Co. L P now owns 15,579,196 shares of the oil and gas company’s stock worth $678,785,000 after buying an additional 250,143 shares during the period. Hedge funds and other institutional investors own 79.29% of the company’s stock.
SLB traded up $0.38 during trading on Thursday, reaching $39.50. 5,643,942 shares of the stock were exchanged, compared to its average volume of 10,226,229. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.99 and a current ratio of 1.35. The company has a market cap of $53.80 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 1.62 and a beta of 1.31. Schlumberger has a 1 year low of $34.99 and a 1 year high of $75.25.
Schlumberger (NYSE:SLB) last released its quarterly earnings results on Thursday, April 18th. The oil and gas company reported $0.30 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.30. Schlumberger had a return on equity of 5.87% and a net margin of 6.19%. The company had revenue of $7.88 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the previous year, the firm posted $0.38 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. On average, analysts predict that Schlumberger will post 1.57 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Wednesday, June 5th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $2.00 annualized dividend and a yield of 5.06%. Schlumberger’s payout ratio is currently 123.46%.
Schlumberger Company Profile
Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.
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