Schlumberger Limited (NYSE:SLB) Director Sells $758,100.00 in Stock

Schlumberger Limited (NYSE:SLBGet 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:SLBGet 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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 12th. Shareholders of record on Wednesday, December 7th will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 1.31%. The ex-dividend date is Tuesday, December 6th. Schlumberger’s dividend payout ratio (DPR) is 33.65%.

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.

About Schlumberger

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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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Insider Buying and Selling by Quarter for Schlumberger (NYSE:SLB)

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