Investors bought shares of Schlumberger Limited. (NYSE:SLB) on weakness during trading on Monday. $101.66 million flowed into the stock on the tick-up and $60.94 million flowed out of the stock on the tick-down, for a money net flow of $40.72 million into the stock. Of all stocks tracked, Schlumberger had the 26th highest net in-flow for the day. Schlumberger traded down ($1.40) for the day and closed at $64.70
Several brokerages have commented on SLB. Cowen restated a “buy” rating and set a $81.00 target price on shares of Schlumberger in a report on Thursday, March 15th. ValuEngine downgraded shares of Schlumberger from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Susquehanna Bancshares set a $88.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research note on Monday, January 22nd. Credit Suisse Group set a $86.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research note on Wednesday, March 14th. Finally, UBS set a $95.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research note on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. Schlumberger has an average rating of “Buy” and an average target price of $81.44.
The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 1.21. The company has a market cap of $89,540.47, a P/E ratio of -60.15, a price-to-earnings-growth ratio of 4.99 and a beta of 1.03.
Schlumberger (NYSE:SLB) last released its earnings results on Friday, January 19th. The oil and gas company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.04. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. The business had revenue of $8.18 billion during the quarter, compared to analysts’ expectations of $8.12 billion. During the same period last year, the business earned $0.27 earnings per share. The firm’s revenue was up 15.1% on a year-over-year basis. equities research analysts anticipate that Schlumberger Limited. will post 2.16 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Wednesday, February 7th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $2.00 dividend on an annualized basis and a yield of 3.05%. Schlumberger’s dividend payout ratio (DPR) is -183.49%.
In other Schlumberger news, CFO Simon Ayat sold 75,000 shares of Schlumberger stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $78.86, for a total transaction of $5,914,500.00. Following the completion of the transaction, the chief financial officer now directly owns 138,827 shares of the company’s stock, valued at $10,947,897.22. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Howard Guild sold 25,000 shares of Schlumberger stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $78.26, for a total transaction of $1,956,500.00. Following the transaction, the insider now directly owns 22,410 shares of the company’s stock, valued at $1,753,806.60. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Delek Group Ltd. bought a new position in Schlumberger during the fourth quarter worth $100,000. Aviance Capital Management LLC acquired a new stake in shares of Schlumberger during the second quarter worth $100,000. FNY Partners Fund LP acquired a new stake in shares of Schlumberger during the fourth quarter worth $101,000. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Schlumberger during the second quarter worth $107,000. Finally, Rational Advisors LLC acquired a new stake in shares of Schlumberger during the fourth quarter worth $108,000. 79.88% of the stock is owned by hedge funds and other institutional investors.
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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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