Investors purchased shares of Schlumberger NV (NYSE:SLB) on weakness during trading on Thursday. $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 stocks 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 research firms have weighed in on SLB. Jefferies Group restated a “hold” rating and issued a $85.00 price objective (up previously from $80.00) on shares of Schlumberger NV in a research report on Monday, July 11th. JPMorgan Chase & Co. restated a “buy” rating on shares of Schlumberger NV in a research report on Friday, July 22nd. Howard Weil cut shares of Schlumberger NV from a “focus stock” rating to a “sector outperform” rating and set a $80.00 price objective for the company. in a research report on Thursday, May 12th. Zacks Investment Research upgraded shares of Schlumberger NV from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 11th. Finally, BMO Capital Markets reiterated a “buy” rating on shares of Schlumberger NV in a research report on Wednesday, July 13th. Five investment analysts have rated the stock with a hold rating, thirty-two have given 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 price target of $90.89.

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

Schlumberger NV (NYSE:SLB) last announced its earnings results on Thursday, July 21st. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. The business had revenue of $7.16 billion for the quarter, compared to analysts’ expectations of $7.09 billion. Equities analysts forecast that Schlumberger NV will post $1.13 EPS for the current fiscal year.

The firm also recently announced 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. 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 Schlumberger NV stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $81.32, for a total value of $967,708.00. Following the completion of the sale, the insider now owns 19,781 shares of the company’s stock, valued at approximately $1,608,590.92. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Patrick Schorn sold 9,128 shares of Schlumberger NV stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $80.27, for a total value of $732,704.56. Following the completion of the sale, the president now directly owns 40,000 shares of the company’s stock, valued at approximately $3,210,800. The disclosure for this sale can be found here.

A number of large investors have recently made changes to their positions in SLB. 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 period. 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 period. 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 period. 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 period. Finally, 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 valued at $43,566,000 after buying an additional 5,300 shares during the period.

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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