Schlumberger (NYSE:SLB) Sets New 12-Month High at $55.25

Schlumberger Limited (NYSE:SLBGet Rating)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $55.25 and last traded at $54.46, with a volume of 319493 shares changing hands. The stock had previously closed at $53.10.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Barclays raised their target price on Schlumberger from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 26th. Morgan Stanley raised their target price on Schlumberger from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, November 7th. The Goldman Sachs Group raised their target price on Schlumberger from $46.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, October 25th. HSBC raised their price objective on Schlumberger to $56.80 in a research note on Thursday, October 27th. Finally, Jefferies Financial Group assumed coverage on Schlumberger in a research note on Wednesday, October 19th. They issued a “buy” rating and a $59.00 price objective on the stock. Twenty investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $53.47.

Schlumberger Stock Performance

The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.03. The firm has a fifty day simple moving average of $43.68 and a 200 day simple moving average of $40.50. The company has a market capitalization of $77.73 billion, a price-to-earnings ratio of 26.36, a price-to-earnings-growth ratio of 0.63 and a beta of 1.87.

Schlumberger (NYSE:SLBGet Rating) last issued its quarterly earnings data on Friday, October 21st. The oil and gas company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.55 by $0.08. Schlumberger had a return on equity of 16.58% and a net margin of 11.26%. The company had revenue of $7.48 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same period last year, the company earned $0.36 earnings per share. Schlumberger’s quarterly revenue was up 27.9% compared to the same quarter last year. On average, analysts anticipate that Schlumberger Limited will post 2.13 earnings per share for the current fiscal year.

Schlumberger Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 12th. Investors of record on Wednesday, December 7th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Tuesday, December 6th. This represents a $0.70 dividend on an annualized basis and a yield of 1.28%. Schlumberger’s payout ratio is 33.65%.

Insider Buying and Selling at Schlumberger

In other news, VP Kevin Fyfe sold 6,095 shares of Schlumberger stock in a transaction on Monday, November 7th. The stock was sold at an average price of $53.00, for a total value of $323,035.00. Following the completion of the sale, the vice president now directly owns 35,535 shares of the company’s stock, valued at $1,883,355. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CAO Howard Guild sold 20,053 shares of the business’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $53.00, for a total transaction of $1,062,809.00. Following the completion of the transaction, the chief accounting officer now directly owns 35,994 shares of the company’s stock, valued at approximately $1,907,682. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kevin Fyfe sold 6,095 shares of the business’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $53.00, for a total value of $323,035.00. Following the transaction, the vice president now directly owns 35,535 shares of the company’s stock, valued at $1,883,355. The disclosure for this sale can be found here. Insiders have sold 12,393,648 shares of company stock worth $190,979,619 over the last quarter. 0.28% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in shares of Schlumberger by 3.4% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 6,050 shares of the oil and gas company’s stock worth $217,000 after acquiring an additional 200 shares in the last quarter. Cypress Capital Group raised its stake in Schlumberger by 0.8% during the 3rd quarter. Cypress Capital Group now owns 24,608 shares of the oil and gas company’s stock valued at $884,000 after acquiring an additional 200 shares during the last quarter. Trust Co. of Vermont raised its stake in Schlumberger by 7.8% during the 3rd quarter. Trust Co. of Vermont now owns 3,109 shares of the oil and gas company’s stock valued at $112,000 after acquiring an additional 226 shares during the last quarter. NorthRock Partners LLC raised its stake in Schlumberger by 3.7% during the 3rd quarter. NorthRock Partners LLC now owns 6,841 shares of the oil and gas company’s stock valued at $246,000 after acquiring an additional 246 shares during the last quarter. Finally, Dowling & Yahnke LLC raised its stake in Schlumberger by 1.3% during the 3rd quarter. Dowling & Yahnke LLC now owns 19,716 shares of the oil and gas company’s stock valued at $708,000 after acquiring an additional 256 shares during the last quarter. 78.71% of the stock is owned by institutional investors and hedge funds.

About Schlumberger

(Get Rating)

Schlumberger Limited provides technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. It offers software, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; petro technical data services and training solutions; reservoir interpretation and data processing services; asset performance solutions; open and cased-hole services; exploration and production pressure and flow-rate measurement services; pressure pumping, well stimulation, and coiled tubing equipment for downhole mechanical well intervention, reservoir monitoring, and downhole data acquisition; and integrated production systems.

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