Schlumberger Limited (NYSE:SLB) Given Consensus Rating of "Moderate Buy" by Analysts

Schlumberger Limited (NYSE:SLB - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twenty brokerages that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, fifteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $52.38.

Several equities analysts recently commented on SLB shares. Susquehanna reduced their price target on Schlumberger from $48.00 to $46.00 and set a "positive" rating on the stock in a research report on Monday, April 28th. Wells Fargo & Company reduced their price target on Schlumberger from $46.00 to $43.00 and set an "overweight" rating on the stock in a research report on Thursday, June 5th. Jefferies Financial Group reduced their price target on Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research report on Thursday, March 27th. Stifel Nicolaus reduced their price target on Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Finally, Piper Sandler reduced their price target on Schlumberger from $46.00 to $44.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th.

Insider Activity at Schlumberger

In related news, insider Aparna Raman sold 25,133 shares of the company's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $42.28, for a total transaction of $1,062,623.24. Following the completion of the transaction, the insider now directly owns 31,031 shares in the company, valued at $1,311,990.68. This represents a 44.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director La Chevardiere Patrick De sold 5,000 shares of the stock in a transaction on 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. The trade was a 17.53% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SLB. Brighton Jones LLC grew its stake in shares of Schlumberger by 21.4% in the fourth quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company's stock worth $253,000 after purchasing an additional 1,166 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in shares of Schlumberger in the fourth quarter worth $1,815,000. Allworth Financial LP boosted its stake in Schlumberger by 51.3% during the fourth quarter. Allworth Financial LP now owns 7,716 shares of the oil and gas company's stock valued at $321,000 after buying an additional 2,615 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in Schlumberger by 56.0% during the fourth quarter. J.W. Cole Advisors Inc. now owns 22,317 shares of the oil and gas company's stock valued at $856,000 after buying an additional 8,011 shares in the last quarter. Finally, Sierra Ocean LLC bought a new position in Schlumberger during the fourth quarter valued at about $74,000. Institutional investors own 81.99% of the company's stock.

Schlumberger Stock Up 0.6%

Shares of NYSE:SLB opened at $36.14 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.93 and a current ratio of 1.24. Schlumberger has a 1 year low of $31.11 and a 1 year high of $50.94. The stock has a market capitalization of $49.16 billion, a P/E ratio of 12.25, a PEG ratio of 9.30 and a beta of 1.01. The stock has a 50-day simple moving average of $34.44 and a 200-day simple moving average of $38.24.

Schlumberger (NYSE:SLB - Get Free Report) last issued its earnings results on Friday, April 25th. The oil and gas company reported $0.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.73 by ($0.01). The firm had revenue of $8.49 billion for the quarter, compared to analysts' expectations of $8.64 billion. Schlumberger had a return on equity of 21.76% and a net margin of 11.62%. The firm's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 EPS. Equities analysts forecast that Schlumberger will post 3.38 earnings per share for the current year.

Schlumberger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 4th will be given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Wednesday, June 4th. Schlumberger's dividend payout ratio is currently 38.64%.

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.

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