Traders Sell Shares of Schlumberger NV (SLB) on Strength (SLB)
Traders sold shares of Schlumberger NV (NYSE:SLB) on strength during trading hours 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 companies 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
A number of research firms have recently commented on SLB. Vetr downgraded Schlumberger NV from a “strong-buy” rating to a “buy” rating and set a $84.40 price objective on the stock. in a report on Tuesday, May 24th. Zacks Investment Research raised Schlumberger NV from a “strong sell” rating to a “hold” rating in a research report on Monday, June 27th. Howard Weil upped their target price on Schlumberger NV from $80.00 to $90.00 and gave the company a “sector outperform” rating in a research report on Monday, July 25th. Jefferies Group reissued a “hold” rating and issued a $85.00 target price (up from $80.00) on shares of Schlumberger NV in a research report on Monday, July 11th. Finally, Credit Suisse Group AG reissued a “buy” rating on shares of Schlumberger NV in a research report on Tuesday, June 28th. Six analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Schlumberger NV presently has a consensus rating of “Buy” and an average target price of $90.89.
The stock’s market capitalization is $112.51 billion. The firm’s 50 day moving average is $80.65 and its 200 day moving average is $76.76.
Schlumberger NV (NYSE:SLB) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The firm had revenue of $7.16 billion for the quarter, compared to the consensus estimate of $7.09 billion. On average, equities research analysts anticipate that Schlumberger NV will post $1.14 EPS 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 dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 2nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.47%.
In other news, CFO Simon Ayat sold 50,000 shares of Schlumberger NV stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $83.68, for a total transaction of $4,184,000.00. Following the transaction, the chief financial officer now directly owns 153,335 shares of the company’s stock, valued at $12,831,072.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lubna S. Olayan purchased 1,500 shares of Schlumberger NV stock in a transaction dated Tuesday, May 31st. The shares were purchased at an average cost of $77.07 per share, for a total transaction of $115,605.00. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at $1,541,400. The disclosure for this purchase can be found here.
Several large investors recently modified their holdings of SLB. Employees Retirement System of Texas raised its stake in shares of Schlumberger NV by 0.9% in the fourth quarter. Employees Retirement System of Texas now owns 624,600 shares of the company’s stock worth $43,566,000 after buying an additional 5,300 shares during the last quarter. TrimTabs Asset Management LLC raised its stake in shares of Schlumberger NV by 5.5% in the fourth quarter. TrimTabs Asset Management LLC now owns 29,056 shares of the company’s stock worth $2,027,000 after buying an additional 1,516 shares during the last quarter. Genesee Valley Trust Co. raised 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 worth $1,146,000 after buying an additional 3,217 shares during the last quarter. Advantus Capital Management Inc raised its stake in shares of Schlumberger NV by 1.5% in the fourth quarter. Advantus Capital Management Inc now owns 120,588 shares of the company’s stock worth $8,411,000 after buying an additional 1,770 shares during the last quarter. Finally, QCI Asset Management Inc. NY raised its stake in shares of Schlumberger NV by 3.6% in the fourth quarter. QCI Asset Management Inc. NY now owns 154,859 shares of the company’s stock worth $10,801,000 after buying an additional 5,433 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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