Schlumberger Limited (NYSE:SLB) CAO Howard Guild Sells 33,063 Shares

Schlumberger Limited (NYSE:SLB – Get Rating) CAO Howard Guild sold 33,063 shares of the stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $56.99, for a total value of $1,884,260.37. Following the transaction, the chief accounting officer now directly owns 35,994 shares of the company’s stock, valued at $2,051,298.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Howard Guild also recently made the following trade(s):

• On Monday, November 7th, Howard Guild sold 20,053 shares of Schlumberger stock. The shares were sold at an average price of $53.00, for a total value of $1,062,809.00.

Schlumberger Trading Down 0.7 %

SLB opened at $55.47 on Wednesday. The stock’s fifty day moving average is $52.95 and its two-hundred day moving average is $44.91. The company has a market capitalization of $78.66 billion, a P/E ratio of 23.11, a PEG ratio of 0.50 and a beta of 1.79. Schlumberger Limited has a 52 week low of $30.65 and a 52 week high of $62.78. The company has a quick ratio of 0.92, a current ratio of 1.25 and a debt-to-equity ratio of 0.59.

Schlumberger (NYSE:SLB – Get Rating) last released its quarterly earnings data on Friday, January 20th. The oil and gas company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.69 by $0.02. The company had revenue of $7.88 billion for the quarter, compared to the consensus estimate of $7.80 billion. Schlumberger had a return on equity of 18.51% and a net margin of 12.25%. Schlumberger’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period last year, the business posted $0.41 EPS. Analysts forecast that Schlumberger Limited will post 3.03 earnings per share for the current year.

Schlumberger Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 6th. Shareholders of record on Wednesday, February 8th will be issued a dividend of $0.25 per share. This is an increase from Schlumberger’s previous quarterly dividend of $0.18. This represents a $1.00 annualized dividend and a yield of 1.80%. The ex-dividend date is Tuesday, February 7th. Schlumberger’s dividend payout ratio (DPR) is presently 29.17%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Schlumberger by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 123,210,874 shares of the oil and gas company’s stock worth $4,423,270,000 after purchasing an additional 1,393,060 shares during the period. State Street Corp increased its holdings in shares of Schlumberger by 1.7% in the 3rd quarter. State Street Corp now owns 91,245,791 shares of the oil and gas company’s stock valued at $3,291,135,000 after acquiring an additional 1,537,620 shares during the period. FMR LLC increased its holdings in shares of Schlumberger by 44.9% in the 2nd quarter. FMR LLC now owns 32,671,828 shares of the oil and gas company’s stock valued at $1,168,374,000 after acquiring an additional 10,121,321 shares during the period. Amundi increased its holdings in shares of Schlumberger by 1.5% in the 2nd quarter. Amundi now owns 29,555,312 shares of the oil and gas company’s stock valued at $931,195,000 after acquiring an additional 439,979 shares during the period. Finally, Jennison Associates LLC increased its holdings in shares of Schlumberger by 59.3% in the 2nd quarter. Jennison Associates LLC now owns 28,917,488 shares of the oil and gas company’s stock valued at $1,034,089,000 after acquiring an additional 10,761,322 shares during the period. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on SLB. Wells Fargo & Company increased their price target on Schlumberger from $51.00 to $69.00 and gave the company an “overweight” rating in a research note on Wednesday, October 26th. Barclays increased their price target on Schlumberger from $61.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, October 26th. Citigroup raised their price objective on Schlumberger from $62.00 to $67.00 and gave the company a “buy” rating in a research note on Tuesday. Benchmark assumed coverage on Schlumberger in a research note on Thursday, January 19th. They issued a “buy” rating and a $65.00 price objective for the company. Finally, Susquehanna Bancshares raised their price objective on Schlumberger from $52.00 to $59.00 and gave the company a “positive” rating in a research note on Monday, October 24th. Two equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Schlumberger currently has a consensus rating of “Moderate Buy” and an average price target of $57.52.

Schlumberger Company Profile

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Schlumberger NV engages in the provision of technology for reservoir characterization, drilling, production and processing to the oil and gas industry. It operates through the following business segments: Digital and Integration, Reservoir Performance, Well Construction, and Production Systems. The Digital and Integration segment combines the company’s software and seismic businesses with its integrated offering of asset performance solutions.