Schlumberger (NYSE:SLB) posted its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.44 by $0.04, Bloomberg Earnings reports. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The business had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.12 billion. During the same quarter in the previous year, the firm earned $0.27 EPS. The company’s quarterly revenue was up 15.1% compared to the same quarter last year.
Schlumberger (NYSE:SLB) opened at $66.84 on Tuesday. Schlumberger has a 52-week low of $61.02 and a 52-week high of $82.69. The company has a market capitalization of $92,590.00, a PE ratio of -61.32, a PEG ratio of 4.96 and a beta of 0.98. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Wednesday, February 7th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Tuesday, February 6th. Schlumberger’s dividend payout ratio is presently -183.49%.
In related news, insider Howard Guild sold 25,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 22,410 shares in the company, valued at $1,753,806.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Simon Ayat sold 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $78.86, for a total value of $5,914,500.00. Following the sale, the chief financial officer now owns 138,827 shares of the company’s stock, valued at approximately $10,947,897.22. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Harding Loevner LP lifted its stake in Schlumberger by 1,337.3% in the third quarter. Harding Loevner LP now owns 138,957,632 shares of the oil and gas company’s stock valued at $569,035,000 after buying an additional 129,289,552 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in Schlumberger by 103.9% in the second quarter. First Eagle Investment Management LLC now owns 16,025,764 shares of the oil and gas company’s stock valued at $1,055,136,000 after buying an additional 8,167,945 shares during the last quarter. Dodge & Cox lifted its stake in Schlumberger by 12.8% in the second quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock valued at $3,178,193,000 after buying an additional 5,494,165 shares during the last quarter. Capital International Investors lifted its stake in Schlumberger by 74.8% in the third quarter. Capital International Investors now owns 10,031,514 shares of the oil and gas company’s stock valued at $699,798,000 after buying an additional 4,294,058 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Schlumberger by 33.5% in the second quarter. American Century Companies Inc. now owns 11,117,713 shares of the oil and gas company’s stock valued at $731,990,000 after buying an additional 2,791,675 shares during the last quarter. Hedge funds and other institutional investors own 79.18% of the company’s stock.
Several research analysts have recently commented on SLB shares. Goldman Sachs Group lowered Schlumberger from a “conviction-buy” rating to a “buy” rating and set a $75.00 price target on the stock. in a report on Monday, November 13th. Piper Jaffray Companies set a $74.00 price objective on shares of Schlumberger and gave the company a “buy” rating in a report on Saturday, October 21st. ValuEngine lowered shares of Schlumberger from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Citigroup reduced their price objective on shares of Schlumberger from $80.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, October 25th. Finally, Jefferies Group set a $78.00 price objective on shares of Schlumberger and gave the company a “buy” rating in a report on Thursday, January 4th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $82.29.
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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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