Schlumberger Limited (NYSE:SLB) Director La Chevardiere Patrick De Sells 8,000 Shares

Schlumberger Limited (NYSE:SLB) Director La Chevardiere Patrick De sold 8,000 shares of Schlumberger stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $41.94, for a total transaction of $335,520.00. Following the completion of the sale, the director now directly owns 22,811 shares in the company, valued at approximately $956,693.34. This represents a 25.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Schlumberger Stock Performance

Shares of SLB opened at $36.83 on Friday. The firm has a market capitalization of $52.01 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 1.42 and a beta of 1.51. The company has a 50-day simple moving average of $42.06 and a two-hundred day simple moving average of $43.75. Schlumberger Limited has a one year low of $36.52 and a one year high of $55.69. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.48 and a quick ratio of 1.12.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, October 18th. The oil and gas company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. Schlumberger had a net margin of 12.44% and a return on equity of 21.84%. The firm had revenue of $9.16 billion for the quarter, compared to analysts’ expectations of $9.27 billion. During the same quarter in the previous year, the business posted $0.78 EPS. The company’s quarterly revenue was up 10.2% on a year-over-year basis. On average, analysts anticipate that Schlumberger Limited will post 3.39 EPS for the current fiscal year.

Schlumberger Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 4th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Wednesday, December 4th. Schlumberger’s dividend payout ratio (DPR) is 35.37%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SLB. Sanford C. Bernstein raised Schlumberger to a “strong-buy” rating in a report on Tuesday, November 12th. UBS Group reduced their price objective on shares of Schlumberger from $63.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. JPMorgan Chase & Co. cut their price target on shares of Schlumberger from $64.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, October 1st. BMO Capital Markets reduced their target price on Schlumberger from $60.00 to $58.00 and set an “outperform” rating for the company in a research report on Thursday, October 10th. Finally, Susquehanna cut their target price on shares of Schlumberger from $60.00 to $56.00 and set a “positive” rating for the company in a research report on Monday, October 21st. Five investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $58.85.

Hedge Funds Weigh In On Schlumberger

Several institutional investors and hedge funds have recently modified their holdings of SLB. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Schlumberger by 6.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 332,410 shares of the oil and gas company’s stock worth $15,683,000 after buying an additional 18,826 shares in the last quarter. Hennessy Advisors Inc. increased its holdings in shares of Schlumberger by 68.4% in the 2nd quarter. Hennessy Advisors Inc. now owns 12,310 shares of the oil and gas company’s stock worth $581,000 after purchasing an additional 5,000 shares in the last quarter. &PARTNERS boosted its position in shares of Schlumberger by 418.5% during the second quarter. &PARTNERS now owns 25,052 shares of the oil and gas company’s stock valued at $1,182,000 after buying an additional 20,220 shares during the last quarter. LRI Investments LLC raised its position in Schlumberger by 19.0% in the 2nd quarter. LRI Investments LLC now owns 1,745 shares of the oil and gas company’s stock worth $82,000 after buying an additional 279 shares during the last quarter. Finally, Banque Pictet & Cie SA lifted its stake in Schlumberger by 25.9% during the 2nd quarter. Banque Pictet & Cie SA now owns 296,900 shares of the oil and gas company’s stock valued at $14,008,000 after acquiring an additional 60,994 shares during the period. 81.99% of the stock is currently owned by institutional investors.

About Schlumberger

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.