Schlumberger Limited (NYSE:SLB) Director Sells $167,900.00 in Stock

Schlumberger Limited (NYSE:SLB - Get Free Report) Director La Chevardiere Patrick De sold 5,000 shares of Schlumberger stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $33.58, for a total value of $167,900.00. Following the completion of the transaction, the director now directly owns 23,525 shares of the company's stock, valued at approximately $789,969.50. This trade represents a 17.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Schlumberger Stock Down 2.0%

Schlumberger stock traded down $0.66 during trading on Friday, hitting $33.02. 20,665,226 shares of the company were exchanged, compared to its average volume of 13,618,197. The company has a market capitalization of $44.91 billion, a P/E ratio of 10.62, a PEG ratio of 10.10 and a beta of 1.06. The business's 50 day moving average is $35.48 and its 200 day moving average is $39.09. Schlumberger Limited has a 52 week low of $31.11 and a 52 week high of $50.94. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49.

Schlumberger (NYSE:SLB - Get Free Report) last posted its earnings results on Friday, April 25th. The oil and gas company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.01). Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The firm had revenue of $8.49 billion during the quarter, compared to the consensus estimate of $8.64 billion. During the same quarter in the previous year, the company earned $0.75 EPS. The business's revenue was down 2.5% compared to the same quarter last year. Analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.285 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.14 annualized dividend and a dividend yield of 3.45%. Schlumberger's dividend payout ratio is currently 38.64%.

Hedge Funds Weigh In On Schlumberger

Several institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its position in Schlumberger by 7.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 75,986,195 shares of the oil and gas company's stock worth $2,913,312,000 after purchasing an additional 5,225,828 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Schlumberger by 478.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 47,719,476 shares of the oil and gas company's stock worth $1,994,674,000 after purchasing an additional 39,474,501 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Schlumberger by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 29,985,360 shares of the oil and gas company's stock worth $1,146,195,000 after buying an additional 1,377,134 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Schlumberger by 12.2% in the 4th quarter. Deutsche Bank AG now owns 28,737,703 shares of the oil and gas company's stock worth $1,101,804,000 after buying an additional 3,119,543 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its position in Schlumberger by 1.2% during the fourth quarter. First Eagle Investment Management LLC now owns 27,836,555 shares of the oil and gas company's stock valued at $1,067,254,000 after buying an additional 343,261 shares during the period. 81.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SLB shares. Barclays cut their price target on Schlumberger from $53.00 to $48.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Piper Sandler cut their target price on shares of Schlumberger from $46.00 to $44.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Jefferies Financial Group decreased their price target on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. Stifel Nicolaus dropped their price objective on shares of Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Finally, Wells Fargo & Company upgraded Schlumberger from an "equal weight" rating to an "overweight" rating and reduced their target price for the company from $46.00 to $44.00 in a research note on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $52.44.

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.