Schlumberger Limited (NYSE:SLB – Get Rating) Director Vijay Kasibhatla sold 14,000 shares of the company’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $54.15, for a total transaction of $758,100.00. Following the transaction, the director now directly owns 32,932 shares in the company, valued at $1,783,267.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Schlumberger Trading Up 1.2 %
Shares of SLB stock opened at $53.44 on Friday. The firm’s 50-day simple moving average is $45.23 and its 200-day simple moving average is $40.99. The firm has a market cap of $75.78 billion, a P/E ratio of 25.69, a PEG ratio of 0.62 and a beta of 1.87. Schlumberger Limited has a 1-year low of $27.65 and a 1-year high of $56.04. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.03.
Schlumberger (NYSE:SLB – Get Rating) last posted its earnings results on Friday, October 21st. The oil and gas company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.08. The firm had revenue of $7.48 billion during the quarter, compared to the consensus estimate of $7.10 billion. Schlumberger had a net margin of 11.26% and a return on equity of 16.58%. The company’s revenue was up 27.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 EPS. As a group, equities analysts forecast that Schlumberger Limited will post 2.13 EPS for the current year.
Schlumberger Dividend Announcement
Institutional Trading of Schlumberger
Large investors have recently bought and sold shares of the company. Busey Wealth Management grew its position in Schlumberger by 4.1% in the second quarter. Busey Wealth Management now owns 170,074 shares of the oil and gas company’s stock valued at $6,082,000 after acquiring an additional 6,669 shares in the last quarter. Kings Point Capital Management acquired a new stake in shares of Schlumberger during the first quarter worth approximately $28,000. Vontobel Holding Ltd. grew its position in shares of Schlumberger by 1.0% during the first quarter. Vontobel Holding Ltd. now owns 139,449 shares of the oil and gas company’s stock worth $5,887,000 after buying an additional 1,386 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Schlumberger by 76.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 274,158 shares of the oil and gas company’s stock worth $11,326,000 after buying an additional 119,209 shares in the last quarter. Finally, Wetherby Asset Management Inc. grew its position in shares of Schlumberger by 3.4% during the first quarter. Wetherby Asset Management Inc. now owns 42,352 shares of the oil and gas company’s stock worth $1,750,000 after buying an additional 1,389 shares in the last quarter. Institutional investors and hedge funds own 78.71% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have recently weighed in on SLB. TheStreet raised shares of Schlumberger from a “c+” rating to a “b” rating in a research note on Tuesday, October 11th. Barclays increased their price objective on shares of Schlumberger from $61.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, October 26th. Benchmark increased their price objective on shares of Schlumberger to $61.00 in a research note on Tuesday, November 15th. Citigroup increased their price objective on shares of Schlumberger to $62.00 in a research note on Wednesday. Finally, Susquehanna Bancshares increased their price objective on shares of Schlumberger from $52.00 to $59.00 and gave the company a “positive” rating in a research note on Monday, October 24th. Twenty research analysts have rated the stock with a buy rating, According to MarketBeat.com, Schlumberger presently has a consensus rating of “Buy” and a consensus target price of $54.37.
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.
- Get a free copy of the StockNews.com research report on Schlumberger (SLB)
- MarketBeat: Week in Review 11/14 – 11/18
- Target’s Double Bottom Might Have Just Been Confirmed
- How High Can the Fed Go? How to Trade it
- Verra Mobility Stock Has Returned Back to the Station
- Does ASML’s November Rally Have Staying Power?
Receive News & Ratings for Schlumberger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger and related companies with MarketBeat.com's FREE daily email newsletter.