Schlumberger Limited (NYSE:SLB) Given Consensus Rating of “Moderate Buy” by Brokerages

Schlumberger Limited (NYSE:SLBGet Rating) has been assigned an average recommendation of “Moderate Buy” from the twenty-three analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $57.52.

A number of analysts have recently issued reports on SLB shares. Susquehanna lifted their price objective on shares of Schlumberger from $65.00 to $68.00 and gave the company a “positive” rating in a research note on Monday. Wolfe Research lowered shares of Schlumberger from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 12th. StockNews.com upgraded shares of Schlumberger from a “hold” rating to a “buy” rating in a research note on Tuesday, January 17th. Benchmark started coverage on shares of Schlumberger in a research note on Thursday, January 19th. They set a “buy” rating and a $65.00 price objective on the stock. Finally, Citigroup lifted their price objective on shares of Schlumberger from $62.00 to $67.00 and gave the company a “buy” rating in a research note on Tuesday.

Insider Buying and Selling

In related news, EVP Abdellah Merad sold 70,000 shares of the company’s stock in a transaction dated Monday, January 23rd. The shares were sold at an average price of $57.20, for a total value of $4,004,000.00. Following the completion of the sale, the executive vice president now owns 204,357 shares of the company’s stock, valued at $11,689,220.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Schlumberger news, CAO Howard Guild sold 20,053 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer now owns 35,994 shares in the company, valued at approximately $1,907,682. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Abdellah Merad sold 70,000 shares of the business’s stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $57.20, for a total value of $4,004,000.00. Following the sale, the executive vice president now owns 204,357 shares in the company, valued at approximately $11,689,220.40. The disclosure for this sale can be found here. Insiders sold 269,389 shares of company stock valued at $15,026,271 over the last 90 days. 0.28% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Schlumberger

A number of large investors have recently made changes to their positions in SLB. Jennison Associates LLC boosted its position in Schlumberger by 59.3% during the second quarter. Jennison Associates LLC now owns 28,917,488 shares of the oil and gas company’s stock worth $1,034,089,000 after purchasing an additional 10,761,322 shares during the period. FMR LLC raised its stake in Schlumberger by 44.9% during the second quarter. FMR LLC now owns 32,671,828 shares of the oil and gas company’s stock worth $1,168,374,000 after acquiring an additional 10,121,321 shares in the last quarter. Allen Investment Management LLC raised its stake in Schlumberger by 32,149.8% during the second quarter. Allen Investment Management LLC now owns 6,498,016 shares of the oil and gas company’s stock worth $232,369,000 after acquiring an additional 6,477,867 shares in the last quarter. Franklin Resources Inc. raised its stake in Schlumberger by 501.7% during the second quarter. Franklin Resources Inc. now owns 7,401,112 shares of the oil and gas company’s stock worth $264,665,000 after acquiring an additional 6,171,139 shares in the last quarter. Finally, Mirabella Financial Services LLP raised its stake in Schlumberger by 4,920.1% during the third quarter. Mirabella Financial Services LLP now owns 4,487,500 shares of the oil and gas company’s stock worth $4,488,000 after acquiring an additional 4,398,110 shares in the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Schlumberger Trading Down 0.7 %

Shares of SLB stock opened at $55.47 on Wednesday. The stock has a market cap of $78.66 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 0.50 and a beta of 1.79. 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 has a fifty-two week low of $30.65 and a fifty-two week high of $62.78. The firm’s 50 day moving average price is $52.95 and its two-hundred day moving average price is $44.91.

Schlumberger (NYSE:SLBGet Rating) last announced its quarterly earnings results on Friday, January 20th. The oil and gas company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $7.88 billion for the quarter, compared to analysts’ expectations of $7.80 billion. Schlumberger had a net margin of 12.25% and a return on equity of 18.51%. Schlumberger’s revenue was up 26.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 earnings per share. On average, analysts anticipate that Schlumberger will post 3.03 EPS for the current year.

Schlumberger Increases Dividend

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

About Schlumberger

(Get Rating)

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.

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Analyst Recommendations for Schlumberger (NYSE:SLB)

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