Traders Buy Shares of Schlumberger N.V. (SLB) on Weakness

Traders bought shares of Schlumberger N.V. (NYSE:SLB) on weakness during trading on Friday. $355.29 million flowed into the stock on the tick-up and $63.08 million flowed out of the stock on the tick-down, for a money net flow of $292.21 million into the stock. Of all companies tracked, Schlumberger N.V. had the 13th highest net in-flow for the day. Schlumberger N.V. traded down ($0.46) for the day and closed at $67.24

A number of research analysts have recently issued reports on the company. UBS AG set a $90.00 price target on Schlumberger N.V. and gave the company a “buy” rating in a report on Friday, June 16th. Seaport Global Securities reaffirmed a “buy” rating on shares of Schlumberger N.V. in a report on Friday, July 21st. J P Morgan Chase & Co lowered their price target on Schlumberger N.V. from $79.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, September 12th. BidaskClub downgraded Schlumberger N.V. from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Finally, Instinet reaffirmed a “buy” rating and set a $78.00 price target (down from $85.00) on shares of Schlumberger N.V. in a report on Monday, July 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $85.80.

The company’s 50-day moving average price is $65.24 and its 200 day moving average price is $70.65. The stock has a market capitalization of $93.10 billion, a P/E ratio of 529.45 and a beta of 1.03.

Schlumberger N.V. (NYSE:SLB) last posted its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.05. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The company had revenue of $7.46 billion during the quarter, compared to analyst estimates of $7.25 billion. During the same period in the previous year, the business earned $0.23 EPS. Schlumberger N.V.’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities research analysts anticipate that Schlumberger N.V. will post $1.51 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Wednesday, September 6th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $2.00 annualized dividend and a yield of 2.97%. Schlumberger N.V.’s dividend payout ratio (DPR) is currently 1,538.58%.

In other news, Director Helge Lund acquired 2,800 shares of the business’s stock in a transaction on Monday, July 24th. The stock was bought at an average cost of $66.78 per share, for a total transaction of $186,984.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael E. Marks acquired 8,000 shares of the business’s stock in a transaction on Friday, August 11th. The shares were purchased at an average price of $64.20 per share, with a total value of $513,600.00. The disclosure for this purchase can be found here. 0.38% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the business. Aviance Capital Management LLC purchased a new stake in Schlumberger N.V. during the 2nd quarter worth approximately $100,000. Tradewinds Capital Management LLC increased its stake in Schlumberger N.V. by 29.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock worth $104,000 after buying an additional 307 shares in the last quarter. Mountain Capital Investment Advisors Inc purchased a new stake in Schlumberger N.V. during the 2nd quarter worth approximately $107,000. MCF Advisors LLC increased its stake in Schlumberger N.V. by 130.3% during the 1st quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock worth $126,000 after buying an additional 915 shares in the last quarter. Finally, Jacobi Capital Management LLC increased its stake in Schlumberger N.V. by 95.8% during the 2nd quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock worth $134,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 78.99% of the company’s stock.

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Schlumberger N.V. Company Profile

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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