Traders purchased shares of Schlumberger NV (NYSE:SLB) on weakness during trading on Friday. $95.98 million flowed into the stock on the tick-up and $77.66 million flowed out of the stock on the tick-down, for a money net flow of $18.32 million into the stock. Of all stocks tracked, Schlumberger NV had the 35th highest net in-flow for the day. Schlumberger NV traded down ($0.04) for the day and closed at $78.96

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

The firm’s 50 day moving average price is $80.76 and its 200-day moving average price is $77.09. The company’s market capitalization is $109.24 billion.

Schlumberger NV (NYSE:SLB) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The firm earned $7.16 billion during the quarter, compared to analysts’ expectations of $7.09 billion. Analysts anticipate that Schlumberger NV will post $1.13 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Wednesday, September 7th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Friday, September 2nd.

In related news, insider Howard Guild sold 11,900 shares of the business’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $81.32, for a total transaction of $967,708.00. Following the transaction, the insider now owns 19,781 shares in the company, valued at $1,608,590.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Patrick Schorn sold 9,128 shares of the business’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $80.27, for a total transaction of $732,704.56. Following the transaction, the president now owns 40,000 shares in the company, valued at approximately $3,210,800. The disclosure for this sale can be found here.

Other institutional investors recently made changes to their positions in the company. TrimTabs Asset Management LLC boosted its position 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 in the last quarter. Advantus Capital Management Inc boosted its position 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 in the last quarter. Violich Capital Management Inc. boosted its position 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 in the last quarter. Genesee Valley Trust Co. boosted its position 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 in the last quarter. Finally, Employees Retirement System of Texas boosted its position 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 valued at $43,566,000 after buying an additional 5,300 shares in 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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