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 20th highest net out-flow for the day. Schlumberger traded up $0.92 for the day and closed at $77.97
A number of brokerages recently weighed in on SLB. Cowen set a $85.00 target price on Schlumberger and gave the company a “buy” rating in a report on Thursday. B. Riley set a $80.00 price objective on Schlumberger and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Jefferies Group set a $78.00 price objective on Schlumberger and gave the company a “buy” rating in a research report on Thursday, January 4th. Citigroup raised their price objective on Schlumberger from $77.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, October 5th. Finally, Royal Bank of Canada set a $86.00 price objective on Schlumberger and gave the company a “buy” rating in a research report on Saturday, October 7th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. Schlumberger presently has a consensus rating of “Buy” and a consensus target price of $79.56.
The company has a market capitalization of $108,010.00, a PE ratio of 199.92, a PEG ratio of 1.53 and a beta of 1.01. The company has a quick ratio of 1.20, a current ratio of 1.53 and a debt-to-equity ratio of 0.40.
Schlumberger (NYSE:SLB) last announced its earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, hitting the Zacks’ 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 for the quarter, compared to analyst estimates of $7.91 billion. During the same period in the previous year, the company earned $0.25 earnings per share. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. equities research analysts forecast that Schlumberger Limited. will post 1.46 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Wednesday, December 6th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Tuesday, December 5th. Schlumberger’s payout ratio is 512.82%.
In other news, Director Tore I. Sandvold sold 3,500 shares of Schlumberger 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 sale, the director now directly owns 1,500 shares of the company’s stock, valued at $93,945. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.38% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of SLB. Aviance Capital Management LLC acquired a new position in Schlumberger in the second quarter worth about $100,000. Mountain Capital Investment Advisors Inc acquired a new position in Schlumberger in the second quarter worth about $107,000. Tradewinds Capital Management LLC grew its stake in Schlumberger by 22.3% in the second quarter. Tradewinds Capital Management LLC now owns 1,636 shares of the oil and gas company’s stock worth $108,000 after purchasing an additional 298 shares in the last quarter. Jacobi Capital Management LLC grew its stake in Schlumberger by 95.8% in the second quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock worth $134,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Atlantic Trust LLC acquired a new position in Schlumberger in the second quarter worth about $137,000. Institutional investors and hedge funds own 79.31% of the company’s stock.
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Schlumberger 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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