Investors Sell Shares of Schlumberger (SLB) on Strength (SLB)

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 companies tracked, Schlumberger had the 0th highest net out-flow for the day. Schlumberger traded up $0.92 for the day and closed at $77.97

A number of research analysts recently issued reports on the company. Zacks Investment Research lowered Schlumberger from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Piper Jaffray Companies set a $74.00 price objective on Schlumberger and gave the company a “buy” rating in a research report on Saturday, October 21st. FBR & Co restated a “buy” rating on shares of Schlumberger in a research report on Friday, October 20th. ValuEngine lowered Schlumberger from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Finally, Credit Suisse Group set a $71.00 price objective on Schlumberger and gave the company a “buy” rating in a research report on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $79.56.

The company has a quick ratio of 1.20, a current ratio of 1.53 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $108,008.88, a P/E ratio of 60.44, a P/E/G ratio of 1.61 and a beta of 1.01.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, October 20th. The oil and gas company reported $0.42 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 company had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $7.91 billion. During the same quarter in the previous year, the business earned $0.25 EPS. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. analysts forecast that Schlumberger Limited. will post 1.46 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Wednesday, December 6th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend was Tuesday, December 5th. Schlumberger’s dividend payout ratio is presently 512.83%.

In other news, Director Tore I. Sandvold sold 3,500 shares of the business’s stock in a transaction 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 sale, the director now owns 1,500 shares of the company’s stock, valued at approximately $93,945. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.38% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. KCS Wealth Advisory acquired a new stake in shares of Schlumberger during the fourth quarter worth $508,000. Capital Insight Partners LLC raised its position in shares of Schlumberger by 2.8% during the fourth quarter. Capital Insight Partners LLC now owns 28,604 shares of the oil and gas company’s stock worth $1,928,000 after purchasing an additional 777 shares during the period. Hexavest Inc. raised its position in shares of Schlumberger by 17,563.6% during the fourth quarter. Hexavest Inc. now owns 592,261 shares of the oil and gas company’s stock worth $39,912,000 after purchasing an additional 588,908 shares during the period. Broadleaf Partners LLC acquired a new stake in shares of Schlumberger during the fourth quarter worth $2,795,000. Finally, Bristol Advisors LLC acquired a new stake in shares of Schlumberger during the fourth quarter worth $216,000. 79.31% of the stock is currently owned by 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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