Schlumberger NV (NYSE:SLB) VP Mark Danton sold 10,000 shares of the business’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $79.99, for a total transaction of $799,900.00. Following the completion of the sale, the vice president now owns 27,037 shares of the company’s stock, valued at $2,162,689.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Schlumberger NV (NYSE:SLB) opened at 81.40 on Friday. Schlumberger NV has a 1-year low of $59.60 and a 1-year high of $84.30. The company’s market capitalization is $113.25 billion. The company’s 50-day moving average price is $80.40 and its 200-day moving average price is $78.86.
Schlumberger NV (NYSE:SLB) last released its earnings results on Thursday, October 20th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.03. Schlumberger NV had a positive return on equity of 5.06% and a negative net margin of 8.78%. The firm had revenue of $7 billion for the quarter, compared to analysts’ expectations of $7.24 billion. During the same quarter in the previous year, the business posted $0.78 earnings per share. The business’s revenue for the quarter was down 17.2% on a year-over-year basis. On average, equities analysts expect that Schlumberger NV will post $1.16 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Wednesday, December 7th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Monday, December 5th. Schlumberger NV’s dividend payout ratio is presently -108.70%.
SLB has been the subject of a number of analyst reports. Citigroup Inc. boosted their price objective on shares of Schlumberger NV from $89.00 to $93.00 and gave the stock a “buy” rating in a research note on Tuesday, October 11th. Loop Capital initiated coverage on shares of Schlumberger NV in a research note on Friday, September 30th. They issued a “buy” rating and a $90.00 price objective for the company. Guggenheim restated a “buy” rating on shares of Schlumberger NV in a research note on Wednesday, August 31st. Seaport Global Securities restated a “buy” rating on shares of Schlumberger NV in a research note on Friday, August 19th. Finally, Nomura set a $91.00 price objective on shares of Schlumberger NV and gave the stock a “buy” rating in a research note on Tuesday, August 16th. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $91.01.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SLB. Lebenthal Asset Management LLC purchased a new stake in Schlumberger NV during the first quarter valued at $3,556,000. Kovitz Investment Group Partners LLC purchased a new stake in Schlumberger NV during the first quarter valued at $13,985,000. Cullinan Associates Inc. boosted its stake in Schlumberger NV by 1.9% in the first quarter. Cullinan Associates Inc. now owns 48,240 shares of the company’s stock valued at $3,558,000 after buying an additional 900 shares during the period. First Republic Investment Management Inc. boosted its stake in Schlumberger NV by 2.4% in the first quarter. First Republic Investment Management Inc. now owns 645,966 shares of the company’s stock valued at $47,640,000 after buying an additional 15,438 shares during the period. Finally, Lowe Brockenbrough & Co. Inc. boosted its stake in Schlumberger NV by 1.1% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 46,937 shares of the company’s stock valued at $3,462,000 after buying an additional 490 shares during the period. Hedge funds and other institutional investors own 78.84% of the company’s stock.
Schlumberger NV Company Profile
Schlumberger N.V. is a supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry. The Company operates in the oilfield service markets through three groups: Reservoir Characterization, Drilling and Production. Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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