Investors Sell Schlumberger (SLB) on Strength (SLB)

Traders sold shares of Schlumberger Limited. (NYSE:SLB) on strength during trading on Friday. $102.17 million flowed into the stock on the tick-up and $177.45 million flowed out of the stock on the tick-down, for a money net flow of $75.28 million out of the stock. Of all stocks tracked, Schlumberger had the 0th highest net out-flow for the day. Schlumberger traded up $0.92 for the day and closed at $77.97

A number of brokerages have commented on SLB. Cowen set a $85.00 target price on Schlumberger and gave the company a “buy” rating in a research note on Thursday. ValuEngine downgraded Schlumberger from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Jefferies Group restated a “buy” rating and issued a $80.00 target price on shares of Schlumberger in a research note on Friday, September 29th. Loop Capital lowered their target price on Schlumberger from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, October 26th. Finally, Royal Bank of Canada set a $86.00 target price on Schlumberger and gave the company a “buy” rating in a research note on Saturday, October 7th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $79.56.

The company has a debt-to-equity ratio of 0.40, a current ratio of 1.53 and a quick ratio of 1.20. The firm has a market cap of $108,008.88, a PE ratio of 60.44, a price-to-earnings-growth ratio of 1.61 and a beta of 1.01.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, October 20th. The oil and gas company reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. Schlumberger had a return on equity of 4.42% and a net margin of 1.86%. The business had revenue of $7.91 billion during the quarter, compared to analysts’ expectations of $7.91 billion. During the same quarter in the previous year, the firm earned $0.25 EPS. The firm’s revenue was up 12.6% compared to the same quarter last year. research analysts predict that Schlumberger Limited. will post 1.46 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Wednesday, December 6th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, December 5th. This represents a $2.00 annualized dividend and a dividend yield of 2.57%. Schlumberger’s dividend payout ratio is presently 512.83%.

In related news, Director Tore I. Sandvold sold 3,500 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total transaction of $219,205.00. Following the completion of the transaction, the director now owns 1,500 shares of the company’s stock, valued at approximately $93,945. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Comprehensive Portfolio Management LLC acquired a new position in Schlumberger in the 2nd quarter valued at approximately $885,000. Bank of Montreal Can raised its holdings in Schlumberger by 41.6% in the 2nd quarter. Bank of Montreal Can now owns 1,601,025 shares of the oil and gas company’s stock valued at $105,414,000 after acquiring an additional 470,615 shares in the last quarter. WFG Advisors LP raised its holdings in Schlumberger by 51.5% in the 2nd quarter. WFG Advisors LP now owns 11,332 shares of the oil and gas company’s stock valued at $746,000 after acquiring an additional 3,853 shares in the last quarter. Denver Investment Advisors LLC raised its holdings in Schlumberger by 5.8% in the 2nd quarter. Denver Investment Advisors LLC now owns 160,191 shares of the oil and gas company’s stock valued at $10,547,000 after acquiring an additional 8,817 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in Schlumberger in the 2nd quarter valued at approximately $14,156,000. 79.31% of the stock is owned by institutional investors and hedge funds.

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About Schlumberger

Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.

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