Schlumberger (NYSE:SLB) Shares Down 1.2%

Schlumberger Limited (NYSE:SLB - Get Free Report)'s stock price dropped 1.2% during trading on Tuesday . The stock traded as low as $50.69 and last traded at $51.05. Approximately 2,916,864 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 11,185,900 shares. The stock had previously closed at $51.67.

Analyst Ratings Changes

SLB has been the subject of several research analyst reports. Benchmark restated a "buy" rating and issued a $68.00 price target on shares of Schlumberger in a research report on Wednesday, April 3rd. Wells Fargo & Company upped their price objective on shares of Schlumberger from $69.00 to $70.00 and gave the company an "overweight" rating in a research note on Monday, January 22nd. Royal Bank of Canada upped their price objective on shares of Schlumberger from $66.00 to $69.00 and gave the company an "outperform" rating in a research note on Wednesday, April 3rd. Stifel Nicolaus upped their price objective on shares of Schlumberger from $63.00 to $64.00 and gave the company a "buy" rating in a research note on Monday, January 22nd. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Schlumberger in a research note on Monday, April 1st. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $70.31.

Schlumberger Stock Down 0.5 %

The business's 50 day moving average is $51.43 and its 200-day moving average is $52.51. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.32. The firm has a market capitalization of $73.38 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 0.94 and a beta of 1.60.

Schlumberger (NYSE:SLB - Get Free Report) last posted its earnings results on Friday, January 19th. The oil and gas company reported $0.86 earnings per share (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 business had revenue of $8.99 billion for the quarter, compared to analyst estimates of $8.96 billion. During the same period last year, the business posted $0.71 EPS. Schlumberger's revenue was up 14.1% compared to the same quarter last year. Equities analysts anticipate that Schlumberger Limited will post 3.52 EPS for the current fiscal year.

Schlumberger Dividend Announcement

The business 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. This represents a $1.00 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Tuesday, February 6th. Schlumberger's dividend payout ratio (DPR) is presently 34.25%.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, EVP Abdellah Merad sold 50,000 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 261,507 shares of the company's stock, valued at approximately $12,688,319.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Schlumberger news, EVP Abdellah Merad sold 50,000 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 261,507 shares of the company's stock, valued at approximately $12,688,319.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Kevin Fyfe sold 20,223 shares of the firm's stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $52.05, for a total transaction of $1,052,607.15. Following the transaction, the vice president now directly owns 31,198 shares of the company's stock, valued at $1,623,855.90. The disclosure for this sale can be found here. Insiders sold a total of 172,191 shares of company stock valued at $8,636,322 in the last ninety days. Company insiders own 0.26% of the company's stock.

Hedge Funds Weigh In On Schlumberger

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BluePath Capital Management LLC bought a new position in Schlumberger during the 3rd quarter valued at about $25,000. MCF Advisors LLC lifted its holdings in Schlumberger by 1,355.9% during the 3rd quarter. MCF Advisors LLC now owns 495 shares of the oil and gas company's stock valued at $29,000 after purchasing an additional 461 shares during the last quarter. Register Financial Advisors LLC bought a new position in Schlumberger during the 1st quarter valued at about $27,000. Turtle Creek Wealth Advisors LLC bought a new position in Schlumberger during the 4th quarter valued at about $26,000. Finally, Indiana Trust & Investment Management CO bought a new position in Schlumberger during the 3rd quarter valued at about $31,000. 81.99% of the stock is 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.