Schlumberger Limited (NYSE: SLB – Get Rating) major shareholder Limited / Nv Schlumberger sold 12,032,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $ 17.00, for a total transaction of $ 204,552,500.00. Following the sale, the insider now directly owns 23,069,461 shares in the company, valued at $ 392,180,837. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company shares are required to disclose their transactions with the SEC.
Limited / Nv Schlumberger also recently made the following trade (s):
- On Tuesday, May 3rd, Limited / Nv Schlumberger sold 14,500,000 shares of Schlumberger stock. The stock was sold at an average price of $ 15.50, for a total transaction of $ 224,750,000.00.
NYSE SLB opened at $ 47.21 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.24 and a debt-to-equity ratio of 0.84. Schlumberger Limited has a 52 week low of $ 25.90 and a 52 week high of $ 49.83. The business has a 50 day moving average price of $ 42.80 and a 200-day moving average price of $ 38.69. The company has a market cap of $ 66.73 billion, a price-to-earnings ratio of 32.12, a P / E / G ratio of 0.56 and a beta of 1.90.
Schlumberger (NYSE: SLB – Get Rating) last announced its quarterly earnings results on Friday, April 22nd. The oil and gas company reported $ 0.34 EPS for the quarter, beating analysts’ consensus estimates of $ 0.32 by $ 0.02. Schlumberger had a net margin of 8.84% and a return on equity of 14.02%. The business had revenue of $ 5.96 billion during the quarter, compared to analyst estimates of $ 5.90 billion. During the same quarter in the previous year, the business posted $ 0.21 EPS. Schlumberger’s quarterly revenue was up 14.1% on a year-over-year basis. On average, equities research analysts anticipate that Schlumberger Limited will post 1.84 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 14th. Investors of record on Wednesday, June 1st will be given a dividend of $ 0.175 per share. This is a boost from Schlumberger’s previous quarterly dividend of $ 0.13. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a $ 0.70 annualized dividend and a dividend yield of 1.48%. Schlumberger’s payout ratio is presently 47.62%.
A number of equities research analysts have commented on the company. Morgan Stanley upped their price target on Schlumberger from $ 43.00 to $ 50.00 and gave the company an “overweight” rating in a research report on Monday, April 11th. Barclays increased their target price on shares of Schlumberger from $ 55.00 to $ 59.00 and gave the company an “overweight” rating in a research report on Wednesday. Stifel Nicolaus boosted their price target on shares of Schlumberger from $ 44.00 to $ 50.00 in a research report on Friday, April 8th. Wells Fargo & Company decreased their price objective on shares of Schlumberger from $ 56.00 to $ 55.00 and set an “overweight” rating for the company in a research report on Monday, April 25th. Finally, The Goldman Sachs Group upgraded shares of Schlumberger from a “buy” rating to a “conviction-buy” rating in a report on Tuesday, March 22nd. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $ 46.85.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SLB. Norges Bank bought a new stake in shares of Schlumberger in the 4th quarter worth $ 938,856,000. GQG Partners LLC boosted its holdings in Schlumberger by 1,413.5% during the first quarter. GQG Partners LLC now owns 27,916,533 shares of the oil and gas company stock worth $ 1,153,123,000 after purchasing an additional 26,072,056 shares during the last quarter. Jennison Associates LLC grew its position in Schlumberger by 3,475.2% in the 1st quarter. Jennison Associates LLC now owns 18,156,166 shares of the oil and gas company stock worth $ 750,031,000 after purchasing an additional 17,648,324 shares in the last quarter. BlackRock Inc. increased its stake in Schlumberger by 16.9% in the 4th quarter. BlackRock Inc. now owns 111,487,119 shares of the oil and gas company stock valued at $ 3,339,042,000 after buying an additional 16,123,949 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Schlumberger by 168.9% during the 1st quarter. Wellington Management Group LLP now owns 24,168,526 shares of the oil and gas company stock worth $ 998,402,000 after buying an additional 15,182,043 shares in the last quarter. 76.34% of the stock is owned by institutional investors and hedge funds.
Schlumberger Company Profile: (Get Rating)
Schlumberger Limited provides technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Performance Reservoir, Well Construction, and Production Systems. It offers software, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; petro technical data services and training solutions; reservoir interpretation and data processing services; asset performance solutions; open and cased-hole services; exploration and production pressure and flow-rate measurement services; pressure pumping, well stimulation, and coiled tubing equipment for downhole mechanical well intervention, reservoir monitoring, and downhole data acquisition; and integrated production systems.
Receive News & Ratings for Schlumberger Daily: – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Schlumberger and related companies with MarketBeat.com’s FREE daily email newsletter.