Investors Sell Shares of Schlumberger (SLB) on Strength (SLB)
Investors sold shares of Schlumberger Limited. (NYSE:SLB) on strength during trading hours on Tuesday. $90.31 million flowed into the stock on the tick-up and $166.56 million flowed out of the stock on the tick-down, for a money net flow of $76.25 million out of the stock. Of all companies tracked, Schlumberger had the 11th highest net out-flow for the day. Schlumberger traded up $0.10 for the day and closed at $74.90
SLB has been the topic of a number of research analyst reports. Jefferies Group set a $78.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a report on Thursday, January 4th. Loop Capital cut their price target on shares of Schlumberger from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. Scotiabank set a $80.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a report on Saturday, October 21st. Royal Bank of Canada set a $86.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a report on Saturday, October 7th. Finally, Citigroup upped their price target on shares of Schlumberger from $77.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Schlumberger has a consensus rating of “Buy” and an average target price of $79.37.
The company has a debt-to-equity ratio of 0.40, a current ratio of 1.53 and a quick ratio of 1.20. The company has a market cap of $103,760.00, a price-to-earnings ratio of 192.05, a PEG ratio of 1.53 and a beta of 1.01.
Schlumberger (NYSE:SLB) last issued its earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. Schlumberger had a net margin of 1.86% and a return on equity of 4.42%. The company had revenue of $7.91 billion for the quarter, compared to analysts’ expectations of $7.91 billion. During the same period in the prior year, the business earned $0.25 EPS. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. equities analysts expect that Schlumberger Limited. will post 1.46 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Wednesday, December 6th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Tuesday, December 5th. Schlumberger’s payout ratio is 512.82%.
In other Schlumberger news, Director Tore I. Sandvold sold 3,500 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total transaction of $219,205.00. Following the completion of the sale, the director now directly owns 1,500 shares of the company’s stock, valued at $93,945. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.38% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Aviance Capital Management LLC purchased a new stake in shares of Schlumberger during the second quarter valued at about $100,000. Mountain Capital Investment Advisors Inc purchased a new position in shares of Schlumberger in the 2nd quarter valued at approximately $107,000. Tradewinds Capital Management LLC raised its position in shares of Schlumberger by 22.3% in the 2nd quarter. Tradewinds Capital Management LLC now owns 1,636 shares of the oil and gas company’s stock valued at $108,000 after purchasing an additional 298 shares during the last quarter. Jacobi Capital Management LLC raised its position in shares of Schlumberger by 95.8% in the 2nd quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock valued at $134,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Atlantic Trust LLC purchased a new position in shares of Schlumberger in the 2nd quarter valued at approximately $137,000. 79.31% of the stock is owned by institutional investors and hedge funds.
Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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