Schlumberger Limited (NYSE:SLB) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Schlumberger Limited (NYSE:SLB) have earned a consensus rating of “Moderate Buy” from the twenty research firms that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, fifteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $52.38.

SLB has been the subject of several analyst reports. Stifel Nicolaus reduced their target price on Schlumberger from $58.00 to $54.00 and set a “buy” rating for the company in a report on Monday, April 28th. Barclays reduced their price objective on Schlumberger from $53.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, April 25th. Susquehanna reduced their price objective on Schlumberger from $48.00 to $46.00 and set a “positive” rating for the company in a research note on Monday, April 28th. Piper Sandler reduced their price objective on Schlumberger from $46.00 to $44.00 and set a “neutral” rating for the company in a research note on Tuesday, April 29th. Finally, Jefferies Financial Group dropped their target price on Schlumberger from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, March 27th.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, Director La Chevardiere Patrick De sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $33.58, for a total value of $167,900.00. Following the sale, the director now owns 23,525 shares of the company’s stock, valued at $789,969.50. This trade represents a 17.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Aparna Raman sold 25,133 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $42.28, for a total value of $1,062,623.24. Following the completion of the sale, the insider now directly owns 31,031 shares in the company, valued at $1,311,990.68. This trade represents a 44.75% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

Institutional Trading of Schlumberger

A number of hedge funds have recently modified their holdings of the company. Inspire Investing LLC lifted its position in shares of Schlumberger by 1.7% in the 1st quarter. Inspire Investing LLC now owns 131,614 shares of the oil and gas company’s stock worth $5,501,000 after acquiring an additional 2,222 shares during the period. DLD Asset Management LP bought a new stake in shares of Schlumberger in the 1st quarter worth approximately $1,530,000. Birmingham Capital Management Co. Inc. AL lifted its position in shares of Schlumberger by 2.7% in the 1st quarter. Birmingham Capital Management Co. Inc. AL now owns 37,025 shares of the oil and gas company’s stock worth $1,548,000 after acquiring an additional 990 shares during the period. Strs Ohio bought a new stake in shares of Schlumberger in the 1st quarter worth approximately $46,010,000. Finally, Ellsworth Advisors LLC bought a new stake in shares of Schlumberger in the 1st quarter worth approximately $1,739,000. Institutional investors own 81.99% of the company’s stock.

Schlumberger Trading Up 0.6%

Shares of NYSE SLB opened at $36.14 on Wednesday. Schlumberger has a 12 month low of $31.11 and a 12 month high of $50.94. The company has a market cap of $49.16 billion, a price-to-earnings ratio of 12.25, a P/E/G ratio of 9.30 and a beta of 1.01. The company has a quick ratio of 0.93, a current ratio of 1.24 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $34.44 and a 200-day simple moving average of $38.24.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, April 25th. The oil and gas company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.01). Schlumberger had a net margin of 11.62% and a return on equity of 21.76%. The company had revenue of $8.49 billion for the quarter, compared to analysts’ expectations of $8.64 billion. During the same period in the prior year, the company earned $0.75 earnings per share. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. Sell-side analysts predict that Schlumberger will post 3.38 EPS for the current year.

Schlumberger Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Wednesday, June 4th. Schlumberger’s dividend payout ratio is 38.64%.

About Schlumberger

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.