Investors purchased shares of Schlumberger NV (NYSE:SLB) on weakness during trading on Wednesday. $165.71 million flowed into the stock on the tick-up and $96.14 million flowed out of the stock on the tick-down, for a money net flow of $69.57 million into the stock. Of all companies tracked, Schlumberger NV had the 13th highest net in-flow for the day. Schlumberger NV traded down ($1.64) for the day and closed at $79.00

Several equities research analysts have commented on the stock. Guggenheim upgraded shares of Schlumberger NV from a “sell” rating to a “neutral” rating in a research report on Tuesday, May 10th. Jefferies Group reiterated a “hold” rating and issued a $85.00 price objective (up from $80.00) on shares of Schlumberger NV in a research report on Monday, July 11th. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $94.00 price objective on shares of Schlumberger NV in a research report on Wednesday, June 15th. Credit Suisse Group AG reiterated a “buy” rating on shares of Schlumberger NV in a research report on Thursday, June 2nd. Finally, BMO Capital Markets reiterated a “buy” rating on shares of Schlumberger NV in a research report on Wednesday, July 13th. Five equities research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company. Schlumberger NV currently has an average rating of “Buy” and an average price target of $90.89.

The firm’s market cap is $109.86 billion. The company’s 50-day moving average price is $80.77 and its 200 day moving average price is $77.07.

Schlumberger NV (NYSE:SLB) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.23 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 the consensus estimate of $7.09 billion. On average, equities research analysts predict that Schlumberger NV will post $1.14 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Wednesday, September 7th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Friday, September 2nd.

In other news, VP Stephane Biguet sold 4,227 shares of Schlumberger NV stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $78.52, for a total transaction of $331,904.04. Following the sale, the vice president now owns 7,108 shares of the company’s stock, valued at approximately $558,120.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Patrick Schorn sold 9,128 shares of Schlumberger NV stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $80.27, for a total value of $732,704.56. Following the sale, the president now directly owns 40,000 shares in the company, valued at approximately $3,210,800. The disclosure for this sale can be found here.

Several hedge funds have recently made changes to their positions in the company. Tredje AP fonden raised its stake in shares of Schlumberger NV by 1.3% in the fourth quarter. Tredje AP fonden now owns 83,627 shares of the company’s stock valued at $5,870,000 after buying an additional 1,073 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 valued at $2,027,000 after buying an additional 1,516 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 valued at $8,411,000 after buying an additional 1,770 shares during the last quarter. Violich Capital Management Inc. raised its stake in shares of Schlumberger NV by 8.1% in the fourth quarter. Violich Capital Management Inc. now owns 32,178 shares of the company’s stock valued at $2,244,000 after buying an additional 2,420 shares during the last quarter. Finally, 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 valued at $1,146,000 after buying an additional 3,217 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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