Schlumberger (NYSE:SLB) Earns “Positive” Rating from Susquehanna

Susquehanna reissued their positive rating on shares of Schlumberger (NYSE:SLB – Get Rating) in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has a $68.00 target price on the oil and gas company’s stock.

Several other research firms have also weighed in on SLB. Benchmark initiated coverage on Schlumberger in a report on Thursday, January 19th. They set a buy rating and a $65.00 price target on the stock. The Goldman Sachs Group increased their target price on Schlumberger from $58.00 to $65.00 and gave the stock a buy rating in a research note on Monday, January 30th. Piper Sandler increased their target price on Schlumberger from $60.00 to $64.00 and gave the stock an overweight rating in a research note on Friday, November 18th. Citigroup raised their price target on Schlumberger from $62.00 to $67.00 and gave the company a buy rating in a research note on Tuesday, January 24th. Finally, Raymond James began coverage on Schlumberger in a research note on Friday, December 9th. They set an outperform rating and a $65.00 price target on the stock. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $62.38.

Schlumberger Stock Up 1.9 %

NYSE SLB opened at $46.18 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.92 and a current ratio of 1.25. The company has a market capitalization of $65.95 billion, a P/E ratio of 19.24, a P/E/G ratio of 0.42 and a beta of 1.77. Schlumberger has a one year low of $30.65 and a one year high of $62.78. The stock has a 50 day moving average price of $54.61 and a 200-day moving average price of $49.47.

Schlumberger (NYSE:SLB – Get Rating) last released its quarterly earnings results on Friday, January 20th. The oil and gas company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.02. Schlumberger had a return on equity of 18.51% and a net margin of 12.25%. The company had revenue of $7.88 billion for the quarter, compared to analyst estimates of $7.80 billion. During the same quarter in the prior year, the firm posted $0.41 EPS. Schlumberger’s quarterly revenue was up 26.6% compared to the same quarter last year. As a group, equities analysts predict that Schlumberger will post 3.02 EPS for the current fiscal year.

Schlumberger Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 6th. Investors of record on Wednesday, February 8th will be given a dividend of $0.25 per share. This is a boost from Schlumberger’s previous quarterly dividend of $0.18. This represents a $1.00 annualized dividend and a yield of 2.17%. The ex-dividend date is Tuesday, February 7th. Schlumberger’s dividend payout ratio (DPR) is currently 41.67%.

Insider Activity at Schlumberger

In related news, insider Dianne B. Ralston sold 10,493 shares of Schlumberger stock in a transaction that occurred on Friday, December 23rd. The stock was sold at an average price of $52.52, for a total transaction of $551,092.36. Following the completion of the transaction, the insider now directly owns 23,379 shares in the company, valued at $1,227,865.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Dianne B. Ralston sold 10,493 shares of Schlumberger stock in a transaction that occurred on Friday, December 23rd. The stock was sold at an average price of $52.52, for a total transaction of $551,092.36. Following the completion of the transaction, the insider now directly owns 23,379 shares in the company, valued at $1,227,865.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Howard Guild sold 33,063 shares of Schlumberger 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 owns 35,994 shares of the company’s stock, valued at $2,051,298.06. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 269,696 shares of company stock worth $15,227,195. 0.23% of the stock is owned by corporate insiders.

Institutional Trading of Schlumberger

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC acquired a new stake in shares of Schlumberger in the first quarter worth approximately $25,000. Clearview Wealth Advisors LLC raised its holdings in shares of Schlumberger by 1,346.0% in the 3rd quarter. Clearview Wealth Advisors LLC now owns 723 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 673 shares during the period. Delta Asset Management LLC TN purchased a new stake in shares of Schlumberger in the 4th quarter valued at $26,000. Heritage Wealth Management LLC raised its holdings in shares of Schlumberger by 172.3% in the 4th quarter. Heritage Wealth Management LLC now owns 482 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 305 shares during the period. Finally, James Investment Research Inc. purchased a new stake in shares of Schlumberger in the 3rd quarter valued at $28,000. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

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 digital solutions and data products with its Asset Performance Solutions (APS).