Schlumberger Limited. (NYSE:SLB)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $31.35, but opened at $34.20. Schlumberger shares last traded at $37.46, with a volume of 18,269,374 shares.

Several research analysts have recently issued reports on the stock. Raymond James reiterated a “hold” rating on shares of Schlumberger in a research note on Friday, June 21st. Piper Jaffray Companies set a $40.00 price target on shares of Schlumberger and gave the company a “buy” rating in a report on Monday, July 1st. Bank of America reduced their price target on shares of Schlumberger from $51.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, August 28th. JPMorgan Chase & Co. decreased their price objective on shares of Schlumberger from $41.00 to $34.00 and set a “neutral” rating for the company in a report on Monday. Finally, Morgan Stanley upgraded shares of Schlumberger from an “equal weight” rating to an “overweight” rating and set a $51.00 price objective for the company in a report on Tuesday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the stock. Schlumberger has a consensus rating of “Hold” and an average target price of $51.44.

The company has a market cap of $47.30 billion, a P/E ratio of 23.12, a P/E/G ratio of 2.40 and a beta of 1.50. The stock’s 50-day moving average is $34.98 and its two-hundred day moving average is $39.47. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.39 and a quick ratio of 1.01.

Schlumberger (NYSE:SLB) last posted its earnings results on Friday, July 19th. The oil and gas company reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. The business had revenue of $8.27 billion during the quarter, compared to the consensus estimate of $8.11 billion. Schlumberger had a net margin of 6.38% and a return on equity of 5.62%. The firm’s revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 EPS. On average, analysts predict that Schlumberger Limited. will post 1.51 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Wednesday, September 4th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $2.00 annualized dividend and a dividend yield of 5.34%. Schlumberger’s payout ratio is 123.46%.

In other Schlumberger news, EVP Patrick Schorn sold 12,151 shares of the stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $38.93, for a total value of $473,038.43. Following the transaction, the executive vice president now owns 130,000 shares of the company’s stock, valued at $5,060,900. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Stephanie Cox sold 24,057 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $40.59, for a total value of $976,473.63. Following the completion of the transaction, the insider now directly owns 46,354 shares in the company, valued at approximately $1,881,508.86. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the business. Quad Cities Investment Group LLC purchased a new stake in Schlumberger in the second quarter worth about $32,000. Mizuho Securities Co. Ltd. purchased a new position in shares of Schlumberger during the 2nd quarter valued at about $32,000. Doyle Wealth Management purchased a new position in shares of Schlumberger during the 2nd quarter valued at about $33,000. Lenox Wealth Management Inc. grew its stake in shares of Schlumberger by 41.1% during the 1st quarter. Lenox Wealth Management Inc. now owns 879 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 256 shares during the period. Finally, Meridian Wealth Management LLC bought a new position in shares of Schlumberger during the 1st quarter valued at approximately $38,000. Institutional investors and hedge funds own 76.94% of the company’s stock.

About Schlumberger (NYSE:SLB)

Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.

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