Traders bought shares of Schlumberger Limited. (NYSE:SLB) on weakness during trading hours on Monday. $158.54 million flowed into the stock on the tick-up and $119.31 million flowed out of the stock on the tick-down, for a money net flow of $39.23 million into the stock. Of all equities tracked, Schlumberger had the 33rd highest net in-flow for the day. Schlumberger traded down ($0.13) for the day and closed at $64.60
Several brokerages have recently commented on SLB. Goldman Sachs Group downgraded Schlumberger from a “conviction-buy” rating to a “buy” rating and set a $75.00 target price for the company. in a report on Monday, November 13th. Zacks Investment Research raised Schlumberger from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. B. Riley reissued a “buy” rating on shares of Schlumberger in a research report on Friday, November 3rd. SunTrust Banks reissued a “hold” rating on shares of Schlumberger in a research report on Tuesday, October 31st. Finally, Loop Capital dropped their price target on Schlumberger from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $79.31.
The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.53. The firm has a market capitalization of $89,668.01, a price-to-earnings ratio of 50.18, a P/E/G ratio of 1.98 and a beta of 1.01.
Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, meeting 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 quarter in the prior year, the firm posted $0.25 EPS. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. equities research analysts expect that Schlumberger Limited. will post 1.47 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Wednesday, December 6th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $2.00 annualized dividend and a yield of 3.10%. Schlumberger’s payout ratio is 512.83%.
In other Schlumberger news, Director Tore I. Sandvold sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total value of $219,205.00. Following the completion of the sale, the director now owns 1,500 shares in the company, valued at approximately $93,945. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. Maple Capital Management Inc. increased its stake in shares of Schlumberger by 9.6% in the 1st quarter. Maple Capital Management Inc. now owns 63,369 shares of the oil and gas company’s stock valued at $4,949,000 after buying an additional 5,532 shares during the period. Strategic Advisors LLC boosted its position in shares of Schlumberger by 6.7% in the 1st quarter. Strategic Advisors LLC now owns 15,103 shares of the oil and gas company’s stock worth $1,180,000 after purchasing an additional 946 shares during the last quarter. Point View Wealth Management Inc. boosted its position in shares of Schlumberger by 6.6% in the 1st quarter. Point View Wealth Management Inc. now owns 2,574 shares of the oil and gas company’s stock worth $201,000 after purchasing an additional 160 shares during the last quarter. Harbour Investment Management LLC bought a new position in shares of Schlumberger in the 1st quarter worth $1,463,000. Finally, Horan Capital Advisors LLC. boosted its position in shares of Schlumberger by 3.1% in the 1st quarter. Horan Capital Advisors LLC. now owns 29,699 shares of the oil and gas company’s stock worth $2,319,000 after purchasing an additional 891 shares during the last quarter. Institutional investors own 79.77% 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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