Schlumberger Limited (NYSE:SLB – Get Free Report) insider Dianne B. Ralston sold 43,161 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $43.96, for a total transaction of $1,897,357.56. Following the sale, the insider now owns 235,024 shares of the company’s stock, valued at $10,331,655.04. The trade was a 15.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Schlumberger Stock Performance
Shares of SLB stock opened at $43.76 on Wednesday. The firm has a market cap of $61.80 billion, a P/E ratio of 14.07, a PEG ratio of 3.61 and a beta of 1.52. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. Schlumberger Limited has a fifty-two week low of $36.52 and a fifty-two week high of $55.69. The stock’s 50-day moving average is $40.84 and its two-hundred day moving average is $42.81.
Schlumberger (NYSE:SLB – Get Free Report) last posted its earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The firm had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9,241,140 billion. During the same period in the previous year, the company earned $0.86 earnings per share. The company’s revenue was up 3.3% compared to the same quarter last year. Analysts predict that Schlumberger Limited will post 3.29 earnings per share for the current fiscal year.
Schlumberger Increases Dividend
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. Griffin Securities lowered Schlumberger from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. TD Cowen increased their price target on Schlumberger from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday. Atb Cap Markets downgraded Schlumberger from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. raised their target price on shares of Schlumberger from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Bank of America cut their price target on shares of Schlumberger from $58.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Six analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.81.
Get Our Latest Stock Analysis on Schlumberger
Institutional Trading of Schlumberger
Large investors have recently made changes to their positions in the stock. ORG Partners LLC lifted its holdings in Schlumberger by 393.5% in the 3rd quarter. ORG Partners LLC now owns 607 shares of the oil and gas company’s stock worth $25,000 after purchasing an additional 484 shares during the last quarter. Prospera Private Wealth LLC bought a new position in shares of Schlumberger in the third quarter valued at approximately $29,000. Ashton Thomas Securities LLC acquired a new stake in shares of Schlumberger in the third quarter worth $37,000. DiNuzzo Private Wealth Inc. boosted its holdings in shares of Schlumberger by 1,068.3% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 958 shares of the oil and gas company’s stock worth $40,000 after buying an additional 876 shares during the period. Finally, J. Stern & Co. LLP bought a new position in Schlumberger in the 3rd quarter worth $47,000. Institutional investors own 81.99% of the company’s stock.
Schlumberger Company Profile
Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.
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