Schlumberger (NYSE:SLB) Trading Down 0.1%

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SLB shares. Stifel Nicolaus boosted their price objective on Schlumberger from $63.00 to $64.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Barclays cut their price target on Schlumberger from $77.00 to $74.00 and set an “overweight” rating for the company in a research note on Monday, January 22nd. Susquehanna reiterated a “positive” rating and issued a $77.00 price target on shares of Schlumberger in a research note on Tuesday, February 13th. Wells Fargo & Company boosted their price target on Schlumberger from $69.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Finally, Benchmark restated a “buy” rating and set a $68.00 target price on shares of Schlumberger in a research note on Monday, March 4th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Schlumberger currently has an average rating of “Moderate Buy” and an average price target of $70.87.

Schlumberger Stock Performance

The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.32. The stock has a fifty day simple moving average of $50.23 and a two-hundred day simple moving average of $53.17. The stock has a market capitalization of $78.36 billion, a price-to-earnings ratio of 18.80, a P/E/G ratio of 0.97 and a beta of 1.59.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results 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. Schlumberger had a return on equity of 21.97% and a net margin of 12.68%. The firm had revenue of $8.99 billion during the quarter, compared to the consensus estimate of $8.96 billion. During the same period last year, the business posted $0.71 EPS. The business’s revenue was up 14.1% compared to the same quarter last year. Analysts forecast that Schlumberger Limited will post 3.54 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Wednesday, February 7th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.82%. Schlumberger’s dividend payout ratio is presently 34.25%.

Insider Activity

In other news, EVP Mogharbel Khaled Al sold 38,570 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $50.42, for a total value of $1,944,699.40. Following the completion of the sale, the executive vice president now directly owns 386,841 shares in the company, valued at approximately $19,504,523.22. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Mogharbel Khaled Al sold 38,570 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $50.42, for a total value of $1,944,699.40. Following the completion of the sale, the executive vice president now directly owns 386,841 shares in the company, valued at approximately $19,504,523.22. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Kevin Fyfe sold 20,223 shares of Schlumberger 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 transaction, the vice president now owns 31,198 shares of the company’s stock, valued at approximately $1,623,855.90. The disclosure for this sale can be found here. Insiders sold a total of 172,191 shares of company stock worth $8,636,322 in the last three months. Company insiders own 0.26% of the company’s stock.

Hedge Funds Weigh In On Schlumberger

A number of hedge funds have recently added to or reduced their stakes in SLB. Guinness Asset Management LTD lifted its position in shares of Schlumberger by 0.3% during the 3rd quarter. Guinness Asset Management LTD now owns 331,309 shares of the oil and gas company’s stock worth $19,468,000 after buying an additional 965 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Schlumberger by 36.4% during the 4th quarter. Nordea Investment Management AB now owns 1,424,625 shares of the oil and gas company’s stock worth $74,080,000 after buying an additional 380,185 shares in the last quarter. Allworth Financial LP lifted its position in shares of Schlumberger by 3.8% during the 3rd quarter. Allworth Financial LP now owns 5,557 shares of the oil and gas company’s stock worth $324,000 after buying an additional 206 shares in the last quarter. Chiron Investment Management LLC bought a new position in shares of Schlumberger during the 3rd quarter worth approximately $4,733,000. Finally, Klein Pavlis & Peasley Financial Inc. bought a new position in shares of Schlumberger during the 4th quarter worth approximately $1,087,000. Institutional investors and hedge funds 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.