Schlumberger NV (NYSE:SLB) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $83.89 and last traded at $83.73, with a volume of 2,346,560 shares traded. The stock had previously closed at $82.21.

Several equities research analysts have recently issued reports on SLB shares. Nomura lifted their price objective on shares of Schlumberger NV from $81.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, April 25th. KLR Group boosted their price target on shares of Schlumberger NV from $103.00 to $106.00 and gave the company a “buy” rating in a research report on Monday, April 25th. Credit Suisse Group AG reissued a “buy” rating and issued a $80.00 price target on shares of Schlumberger NV in a research report on Monday, April 25th. FBR & Co reissued a “buy” rating on shares of Schlumberger NV in a research report on Saturday, April 23rd. Finally, Goldman Sachs Group Inc. reissued a “buy” rating and issued a $94.00 price target (up from $82.00) on shares of Schlumberger NV in a research report on Monday, May 9th. Six research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $90.86.

The stock has a 50 day moving average of $80.26 and a 200-day moving average of $76.34. The firm’s market capitalization is $115.86 billion.

Schlumberger NV (NYSE:SLB) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.02. The business earned $7.16 billion during the quarter, compared to analyst estimates of $7.09 billion. On average, equities research analysts forecast that Schlumberger NV will post $1.14 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Wednesday, September 7th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Friday, September 2nd.

In other news, Director Lubna S. Olayan bought 1,500 shares of the firm’s stock in a transaction on Tuesday, May 31st. The stock was bought at an average cost of $77.07 per share, for a total transaction of $115,605.00. Following the completion of the acquisition, the director now directly owns 20,000 shares in the company, valued at approximately $1,541,400. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, President Patrick Schorn sold 9,128 shares of the firm’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $80.27, for a total transaction of $732,704.56. Following the completion of the transaction, the president now owns 40,000 shares of the company’s stock, valued at $3,210,800. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently made changes to their positions in the company. Johnson Financial Group Inc. boosted its position in shares of Schlumberger NV by 2.3% in the fourth quarter. Johnson Financial Group Inc. now owns 26,544 shares of the company’s stock valued at $1,852,000 after buying an additional 585 shares during the last quarter. Hamilton Point Investment Advisors LLC boosted its position in shares of Schlumberger NV by 6.0% in the fourth quarter. Hamilton Point Investment Advisors LLC now owns 25,289 shares of the company’s stock valued at $1,764,000 after buying an additional 1,437 shares during the last quarter. GAM Holding AG boosted its position in shares of Schlumberger NV by 38.5% in the fourth quarter. GAM Holding AG now owns 211,302 shares of the company’s stock valued at $14,738,000 after buying an additional 58,785 shares during the last quarter. Argus Investors Counsel Inc. boosted its position in shares of Schlumberger NV by 3.6% in the fourth quarter. Argus Investors Counsel Inc. now owns 53,800 shares of the company’s stock valued at $3,753,000 after buying an additional 1,850 shares during the last quarter. Finally, Liberty Mutual Group Asset Management Inc. boosted its position in shares of Schlumberger NV by 50.5% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 75,284 shares of the company’s stock valued at $5,251,000 after buying an additional 25,259 shares during the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.