Schlumberger (NYSE:SLB) Shares Down 0.5%

Schlumberger Limited (NYSE:SLB - Get Free Report)'s stock price was down 0.5% during mid-day trading on Wednesday . The stock traded as low as $50.69 and last traded at $51.41. Approximately 10,349,175 shares were traded during trading, an increase of 21% from the average daily volume of 8,562,214 shares. The stock had previously closed at $51.67.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SLB. Susquehanna reiterated a "positive" rating and issued a $77.00 price objective on shares of Schlumberger in a research report on Monday, April 8th. Benchmark reiterated a "buy" rating and issued a $68.00 price objective on shares of Schlumberger in a research report on Wednesday, April 3rd. Stifel Nicolaus increased their price objective on Schlumberger from $63.00 to $64.00 and gave the stock a "buy" rating in a research report on Monday, January 22nd. Wells Fargo & Company increased their price objective on Schlumberger from $69.00 to $70.00 and gave the stock an "overweight" rating in a research report on Monday, January 22nd. Finally, Barclays lowered their price objective on Schlumberger from $74.00 to $70.00 and set an "overweight" rating on the stock in a research report on Thursday, April 4th. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, Schlumberger currently has an average rating of "Moderate Buy" and an average target price of $70.31.

Schlumberger Stock Down 1.2 %

The stock has a 50 day moving average price of $51.50 and a 200-day moving average price of $52.50. The stock has a market capitalization of $72.53 billion, a P/E ratio of 17.40, a PEG ratio of 0.93 and a beta of 1.60. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.32 and a quick ratio of 1.00.

Schlumberger (NYSE:SLB - Get Free Report) last announced its quarterly earnings data 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 return on equity of 21.97% and a net margin of 12.68%. The firm had revenue of $8.99 billion for the quarter, compared to analysts' expectations of $8.96 billion. During the same period last year, the firm earned $0.71 earnings per share. The company's revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, research analysts expect that Schlumberger Limited will post 3.52 EPS for the current fiscal year.

Schlumberger Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, February 7th were paid a $0.25 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.97%. Schlumberger's payout ratio is presently 34.25%.

Insider Buying and Selling

In related news, EVP Abdellah Merad sold 50,000 shares of the firm's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $48.52, for a total value of $2,426,000.00. Following the sale, the executive vice president now directly owns 261,507 shares of the company's stock, valued at $12,688,319.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Schlumberger news, EVP Abdellah Merad sold 50,000 shares of Schlumberger stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $48.52, for a total transaction of $2,426,000.00. Following 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Gavin Rennick sold 20,045 shares of Schlumberger stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $48.77, for a total value of $977,594.65. Following the sale, the insider now directly owns 77,563 shares in the company, valued at $3,782,747.51. The disclosure for this sale can be found here. Insiders have sold 172,191 shares of company stock valued at $8,636,322 over the last ninety days. 0.26% of the stock is owned by insiders.

Institutional Trading of Schlumberger

Several large investors have recently bought and sold shares of SLB. BluePath Capital Management LLC purchased a new position in shares of Schlumberger during the third quarter valued at approximately $25,000. Acadian Asset Management LLC purchased a new position in shares of Schlumberger during the first quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Schlumberger during the fourth quarter valued at approximately $26,000. Register Financial Advisors LLC purchased a new position in shares of Schlumberger during the first quarter valued at approximately $27,000. Finally, Coppell Advisory Solutions LLC purchased a new position in shares of Schlumberger during the second quarter valued at approximately $27,000. 81.99% of the stock is owned by institutional investors.

About Schlumberger

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.