A number of other analysts have also recently weighed in on SLB. Goldman Sachs Group Inc. reissued a buy rating and issued a $94.00 price objective on shares of Schlumberger NV in a research report on Wednesday, June 15th. Vetr raised Schlumberger NV from a buy rating to a strong-buy rating and set a $86.33 price target for the company in a research report on Wednesday, June 15th. Simmons reaffirmed an outperform rating and set a $84.00 price target (down previously from $86.00) on shares of Schlumberger NV in a research report on Monday, June 20th. Zacks Investment Research raised Schlumberger NV from a strong sell rating to a hold rating in a research report on Monday, June 27th. Finally, Credit Suisse Group AG reaffirmed a buy rating on shares of Schlumberger NV in a research report on Tuesday, June 28th. Four equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $90.69.
Schlumberger NV (NYSE:SLB) opened at 81.32 on Tuesday. Schlumberger NV has a 1-year low of $59.60 and a 1-year high of $83.97. The stock has a 50 day moving average price of $78.67 and a 200-day moving average price of $78.13. The company’s market cap is $113.09 billion.
Schlumberger NV (NYSE:SLB) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.02. The firm earned $7.16 billion during the quarter, compared to analysts’ expectations of $7.09 billion. Schlumberger NV had a positive return on equity of 6.88% and a negative net margin of 5.64%. On average, equities research analysts forecast that Schlumberger NV will post $1.12 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Wednesday, September 7th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, September 2nd. This represents a $2.00 annualized dividend and a yield of 2.46%. Schlumberger NV’s dividend payout ratio is presently -168.07%.
In other Schlumberger NV news, VP Stephane Biguet sold 4,227 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $78.52, for a total value of $331,904.04. Following the completion of the sale, the vice president now directly owns 7,108 shares of the company’s stock, valued at $558,120.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Simon Ayat sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $83.68, for a total transaction of $4,184,000.00. Following the completion of the sale, the chief financial officer now directly owns 153,335 shares of the company’s stock, valued at $12,831,072.80. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Invictus RG increased its stake in Schlumberger NV by 379.2% in the second quarter. Invictus RG now owns 1,313 shares of the company’s stock valued at $104,000 after buying an additional 1,039 shares in the last quarter. Roble Belko & Company Inc purchased a new stake in Schlumberger NV during the second quarter valued at about $108,000. Proficio Capital Partners LLC increased its stake in Schlumberger NV by 78.3% in the second quarter. Proficio Capital Partners LLC now owns 1,426 shares of the company’s stock valued at $113,000 after buying an additional 626 shares in the last quarter. J.Safra Asset Management Corp purchased a new stake in Schlumberger NV during the second quarter valued at about $114,000. Finally, New Harbor Financial Group LLC increased its stake in Schlumberger NV by 50.0% in the second quarter. New Harbor Financial Group LLC now owns 1,500 shares of the company’s stock valued at $118,000 after buying an additional 500 shares in the last quarter. 78.32% of the stock is owned by institutional investors.
About Schlumberger NV
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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