Investors sold shares of Schlumberger NV (NYSE:SLB) on strength during trading on Thursday. $48.74 million flowed into the stock on the tick-up and $67.87 million flowed out of the stock on the tick-down, for a money net flow of $19.13 million out of the stock. Of all stocks tracked, Schlumberger NV had the 0th highest net out-flow for the day. Schlumberger NV traded up $0.01 for the day and closed at $81.34

SLB has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Schlumberger NV from a “hold” rating to a “strong sell” rating in a report on Thursday, June 2nd. Howard Weil lifted their target price on shares of Schlumberger NV from $80.00 to $90.00 and gave the company a “sector outperform” rating in a report on Monday, July 25th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $94.00 target price (up previously from $82.00) on shares of Schlumberger NV in a report on Monday, May 9th. Scotiabank reaffirmed a “sector outperform” rating and issued a $90.00 target price (up previously from $80.00) on shares of Schlumberger NV in a report on Tuesday, July 26th. Finally, Simmons reaffirmed an “outperform” rating and issued a $84.00 target price (down previously from $86.00) on shares of Schlumberger NV in a report on Monday, June 20th. Six research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $90.86.

The stock’s market cap is $113.12 billion. The firm has a 50 day moving average price of $80.56 and a 200-day moving average price of $76.68.

Schlumberger NV (NYSE:SLB) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.02. The firm earned $7.16 billion during the quarter, compared to the consensus estimate of $7.09 billion. Equities analysts expect that Schlumberger NV will post $1.14 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Wednesday, September 7th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Friday, September 2nd.

In other news, CFO Simon Ayat sold 50,000 shares of Schlumberger NV stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $83.68, for a total value of $4,184,000.00. Following the transaction, the chief financial officer now owns 153,335 shares of the company’s stock, valued at $12,831,072.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Stephane Biguet sold 4,227 shares of Schlumberger NV stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $78.52, for a total transaction of $331,904.04. Following the completion of the transaction, the vice president now directly owns 7,108 shares in the company, valued at approximately $558,120.16. The disclosure for this sale can be found here.

Several large investors recently made changes to their positions in SLB. Genesee Valley Trust Co. increased its stake in shares of Schlumberger NV by 24.3% in the fourth quarter. Genesee Valley Trust Co. now owns 16,429 shares of the company’s stock valued at $1,146,000 after buying an additional 3,217 shares during the last quarter. Capital Investment Counsel Inc increased its stake in shares of Schlumberger NV by 1.1% in the fourth quarter. Capital Investment Counsel Inc now owns 20,386 shares of the company’s stock valued at $1,422,000 after buying an additional 225 shares during the last quarter. Baldwin Investment Management LLC increased its stake in shares of Schlumberger NV by 4.3% in the fourth quarter. Baldwin Investment Management LLC now owns 22,389 shares of the company’s stock valued at $1,562,000 after buying an additional 919 shares during the last quarter. Sawtooth Asset Management Inc. increased its stake in shares of Schlumberger NV by 427.0% in the fourth quarter. Sawtooth Asset Management Inc. now owns 23,896 shares of the company’s stock valued at $1,667,000 after buying an additional 19,362 shares during the last quarter. Finally, Private Advisor Group LLC increased its stake in shares of Schlumberger NV by 3.2% in the fourth quarter. Private Advisor Group LLC now owns 27,403 shares of the company’s stock valued at $1,911,000 after buying an additional 848 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.

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