Schlumberger (NYSE:SLB) Shares Down 0%

Schlumberger Limited (NYSE:SLB - Get Free Report) shares were down 0% during mid-day trading on Friday . The company traded as low as $53.98 and last traded at $53.98. Approximately 3,430,438 shares were traded during trading, a decline of 69% from the average daily volume of 11,193,753 shares. The stock had previously closed at $54.00.

Analyst Upgrades and Downgrades

SLB has been the topic of several recent analyst reports. Barclays dropped their target price on shares of Schlumberger from $74.00 to $70.00 and set an "overweight" rating on the stock in a research report on Thursday, April 4th. Wells Fargo & Company increased their target price on shares of Schlumberger from $69.00 to $70.00 and gave the company an "overweight" rating in a research report on Monday, January 22nd. Stifel Nicolaus lifted their price target on shares of Schlumberger from $63.00 to $64.00 and gave the stock a "buy" rating in a report on Monday, January 22nd. Benchmark reissued a "buy" rating and set a $68.00 price objective on shares of Schlumberger in a report on Wednesday, April 3rd. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Schlumberger in a research note on Monday, April 1st. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.80.

Schlumberger Trading Down 3.7 %

The company has a debt-to-equity ratio of 0.51, a current ratio of 1.32 and a quick ratio of 1.00. The company has a market cap of $74.22 billion, a PE ratio of 18.49, a PEG ratio of 0.98 and a beta of 1.60. The firm's 50 day moving average is $51.24 and its 200 day moving average is $52.78.

Schlumberger (NYSE:SLB - Get Free Report) last released its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.02. Schlumberger had a net margin of 12.68% and a return on equity of 21.97%. The firm had revenue of $8.99 billion during the quarter, compared to analyst estimates of $8.96 billion. During the same period in the previous year, the business earned $0.71 EPS. The business's revenue for the quarter was up 14.1% on a year-over-year basis. On average, equities analysts anticipate that Schlumberger Limited will post 3.52 earnings per share for the current year.

Schlumberger Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, February 7th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.92%. Schlumberger's payout ratio is currently 34.25%.

Insider Activity

In related news, EVP Abdellah Merad sold 50,000 shares of the company's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $48.52, for a total value of $2,426,000.00. Following the transaction, the executive vice president now directly owns 261,507 shares in the company, valued at $12,688,319.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Schlumberger news, EVP Abdellah Merad sold 50,000 shares of the business's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $48.52, for a total value of $2,426,000.00. Following the completion of the transaction, the executive vice president now owns 261,507 shares of the company's stock, valued at approximately $12,688,319.64. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Stephane Biguet sold 6,250 shares of the firm's stock in a transaction on Monday, January 29th. The shares were sold at an average price of $52.78, for a total transaction of $329,875.00. Following the sale, the chief financial officer now owns 249,182 shares in the company, valued at approximately $13,151,825.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 172,191 shares of company stock worth $8,636,322. 0.26% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Schlumberger

Several institutional investors have recently modified their holdings of SLB. Vanguard Group Inc. grew its position in Schlumberger by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 132,281,480 shares of the oil and gas company's stock valued at $6,883,928,000 after acquiring an additional 1,753,108 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Schlumberger by 12.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 75,379,848 shares of the oil and gas company's stock valued at $3,922,768,000 after purchasing an additional 8,617,971 shares in the last quarter. Capital World Investors grew its holdings in shares of Schlumberger by 2.2% during the 4th quarter. Capital World Investors now owns 51,617,471 shares of the oil and gas company's stock valued at $2,686,173,000 after purchasing an additional 1,133,686 shares during the last quarter. FMR LLC raised its position in Schlumberger by 1.1% in the 3rd quarter. FMR LLC now owns 27,171,516 shares of the oil and gas company's stock worth $1,584,099,000 after purchasing an additional 282,709 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Schlumberger by 1.6% in the first quarter. Geode Capital Management LLC now owns 25,347,967 shares of the oil and gas company's stock worth $1,241,319,000 after purchasing an additional 401,606 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors.

Schlumberger Company Profile

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.