Schlumberger (NYSE:SLB) Trading Down 0.5%

Schlumberger Limited (NYSE:SLB) fell 0.5% during trading on Wednesday . The company traded as low as $50.69 and last traded at $51.41. 10,349,175 shares changed hands during trading, an increase of 21% from the average session volume of 8,562,214 shares. The stock had previously closed at $51.67.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SLB shares. The Goldman Sachs Group restated a “buy” rating on shares of Schlumberger in a research report on Monday, April 1st. Barclays cut their target price on shares of Schlumberger from $74.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, April 4th. HSBC restated a “buy” rating and issued a $71.00 target price on shares of Schlumberger in a report on Thursday, April 4th. Stifel Nicolaus boosted their price target on shares of Schlumberger from $63.00 to $64.00 and gave the company a “buy” rating in a report on Monday, January 22nd. Finally, Susquehanna restated a “positive” rating and set a $77.00 price objective on shares of Schlumberger in a research report on Monday, April 8th. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $70.31.

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 company has a market cap of $73.38 billion, a P/E ratio of 17.61, a P/E/G ratio of 0.93 and a beta of 1.60. The firm has a 50 day moving average price of $51.43 and a 200-day moving average price of $52.51.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, January 19th. The oil and gas company reported $0.86 earnings per share (EPS) 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 analysts’ expectations of $8.96 billion. During the same quarter in the prior year, the business earned $0.71 earnings per share. The company’s revenue was up 14.1% on a year-over-year basis. On average, research analysts predict that Schlumberger Limited will post 3.52 EPS for the current year.

Schlumberger Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, February 7th were issued a $0.25 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.95%. Schlumberger’s dividend payout ratio (DPR) is presently 34.25%.

Insiders Place Their Bets

In other news, CFO Stephane Biguet sold 6,250 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $52.78, for a total value of $329,875.00. Following the sale, the chief financial officer now directly owns 249,182 shares of the company’s stock, valued at $13,151,825.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, VP Kevin Fyfe sold 20,223 shares of the company’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $52.05, for a total transaction of $1,052,607.15. Following the completion of the transaction, the vice president now directly owns 31,198 shares in the company, valued at approximately $1,623,855.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Stephane Biguet sold 6,250 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $52.78, for a total transaction of $329,875.00. Following the completion of the sale, the chief financial officer now owns 249,182 shares in the company, valued at $13,151,825.96. The disclosure for this sale can be found here. Insiders sold a total of 172,191 shares of company stock valued at $8,636,322 in the last quarter. Insiders own 0.26% of the company’s stock.

Institutional Investors Weigh In On Schlumberger

Several hedge funds have recently made changes to their positions in the stock. Landmark Financial Advisors LLC raised its stake in shares of Schlumberger by 3.6% in the third quarter. Landmark Financial Advisors LLC now owns 4,838 shares of the oil and gas company’s stock valued at $282,000 after purchasing an additional 170 shares in the last quarter. Investment Advisory Services Inc. TX ADV increased its holdings in Schlumberger by 1.4% in the 3rd quarter. Investment Advisory Services Inc. TX ADV now owns 11,968 shares of the oil and gas company’s stock valued at $698,000 after buying an additional 171 shares during the period. Miller Howard Investments Inc. NY raised its stake in shares of Schlumberger by 0.5% in the 3rd quarter. Miller Howard Investments Inc. NY now owns 32,845 shares of the oil and gas company’s stock valued at $1,915,000 after buying an additional 176 shares in the last quarter. Stonegate Investment Group LLC lifted its holdings in shares of Schlumberger by 1.7% during the 3rd quarter. Stonegate Investment Group LLC now owns 10,864 shares of the oil and gas company’s stock worth $633,000 after acquiring an additional 177 shares during the period. Finally, CI Investments Inc. boosted its position in shares of Schlumberger by 4.9% during the 3rd quarter. CI Investments Inc. now owns 4,142 shares of the oil and gas company’s stock valued at $241,000 after acquiring an additional 192 shares in the last quarter. Institutional investors 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.