Shares of Schlumberger Limited (NYSE:SLB - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twenty brokerages that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $50.68.
Several research analysts have issued reports on the stock. Morgan Stanley dropped their target price on shares of Schlumberger from $50.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Wells Fargo & Company cut their price objective on shares of Schlumberger from $46.00 to $43.00 and set an "overweight" rating on the stock in a report on Thursday, June 5th. Atb Cap Markets upgraded Schlumberger from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 1st. UBS Group lifted their price target on Schlumberger from $44.00 to $45.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Finally, Susquehanna decreased their price objective on Schlumberger from $46.00 to $44.00 and set a "positive" rating for the company in a research note on Tuesday, July 1st.
Get Our Latest Stock Analysis on SLB
Insider Transactions at Schlumberger
In other news, Director La Chevardiere Patrick De sold 5,000 shares of the stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $33.58, for a total value of $167,900.00. Following the sale, the director owned 23,525 shares in the company, valued at $789,969.50. This represents a 17.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.26% of the company's stock.
Hedge Funds Weigh In On Schlumberger
A number of institutional investors have recently modified their holdings of the stock. Townsend Asset Management Corp NC ADV raised its position in Schlumberger by 5.2% during the second quarter. Townsend Asset Management Corp NC ADV now owns 108,079 shares of the oil and gas company's stock valued at $3,653,000 after acquiring an additional 5,309 shares in the last quarter. First American Bank grew its position in Schlumberger by 8.3% during the second quarter. First American Bank now owns 51,894 shares of the oil and gas company's stock valued at $1,754,000 after buying an additional 3,963 shares during the period. 1834 Investment Advisors Co. raised its position in shares of Schlumberger by 6.6% in the second quarter. 1834 Investment Advisors Co. now owns 11,809 shares of the oil and gas company's stock worth $399,000 after acquiring an additional 731 shares during the period. Cove Private Wealth LLC boosted its stake in shares of Schlumberger by 168.9% during the 2nd quarter. Cove Private Wealth LLC now owns 13,510 shares of the oil and gas company's stock worth $457,000 after acquiring an additional 8,485 shares in the last quarter. Finally, Patton Fund Management Inc. acquired a new stake in shares of Schlumberger during the 2nd quarter valued at about $216,000. Hedge funds and other institutional investors own 81.99% of the company's stock.
Schlumberger Trading Down 1.3%
SLB stock traded down $0.45 during midday trading on Friday, reaching $34.62. The company's stock had a trading volume of 19,845,500 shares, compared to its average volume of 13,938,525. Schlumberger has a 1 year low of $31.11 and a 1 year high of $50.94. The firm has a market capitalization of $47.09 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 9.64 and a beta of 1.01. The stock has a fifty day simple moving average of $34.85 and a two-hundred day simple moving average of $37.61. 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 (NYSE:SLB - Get Free Report) last issued its earnings results on Friday, April 25th. The oil and gas company reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.01). Schlumberger had a return on equity of 21.76% and a net margin of 11.62%. The company had revenue of $8.49 billion during the quarter, compared to the consensus estimate of $8.64 billion. During the same quarter in the prior year, the company earned $0.75 earnings per share. Schlumberger's revenue was down 2.5% on a year-over-year basis. On average, equities research analysts predict that Schlumberger will post 3.38 EPS for the current year.
Schlumberger Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 4th were issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date was Wednesday, June 4th. Schlumberger's dividend payout ratio (DPR) is 38.64%.
Schlumberger Company Profile
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Get Free ReportSchlumberger 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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