Traders sold shares of Schlumberger NV (NYSE:SLB) on strength during trading hours on Friday. $52.77 million flowed into the stock on the tick-up and $91.48 million flowed out of the stock on the tick-down, for a money net flow of $38.71 million out of the stock. Of all equities tracked, Schlumberger NV had the 0th highest net out-flow for the day. Schlumberger NV traded up $0.09 for the day and closed at $78.55

A number of equities research analysts recently weighed in on the company. Seaport Global Securities restated a “buy” rating on shares of Schlumberger NV in a research report on Friday, August 19th. Nomura set a $91.00 price objective on Schlumberger NV and gave the stock a “buy” rating in a research report on Tuesday, August 16th. JPMorgan Chase & Co. restated a “buy” rating on shares of Schlumberger NV in a research report on Friday, July 22nd. Goldman Sachs Group Inc. set a $100.00 price objective on Schlumberger NV and gave the stock a “buy” rating in a research report on Monday, July 25th. Finally, Cowen and Company boosted their price objective on Schlumberger NV from $85.00 to $92.00 and gave the stock an “outperform” rating in a research report on Monday, July 25th. 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 has a consensus rating of “Buy” and a consensus target price of $90.89.

The firm’s market cap is $109.24 billion. The stock has a 50 day moving average price of $80.76 and a 200 day moving average price of $77.09.

Schlumberger NV (NYSE:SLB) last announced its quarterly earnings data 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 earned $7.16 billion during the quarter, compared to analysts’ expectations of $7.09 billion. Analysts expect that Schlumberger NV will post $1.13 EPS for the current fiscal year.

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

In related news, VP Stephane Biguet sold 4,227 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $78.52, for a total value 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Paal Kibsgaard sold 32,857 shares of the business’s stock in a transaction that occurred on Thursday, June 9th. The stock was sold at an average price of $80.00, for a total transaction of $2,628,560.00. Following the completion of the transaction, the chief executive officer now owns 170,000 shares of the company’s stock, valued at $13,600,000. The disclosure for this sale can be found here.

A number of institutional investors have recently made changes to their positions in SLB. Employees Retirement System of Texas raised 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 worth $43,566,000 after buying an additional 5,300 shares during the last quarter. TrimTabs Asset Management LLC raised 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 worth $2,027,000 after buying an additional 1,516 shares during the last quarter. Genesee Valley Trust Co. raised 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 worth $1,146,000 after buying an additional 3,217 shares during the last quarter. Advantus Capital Management Inc raised 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 worth $8,411,000 after buying an additional 1,770 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Schlumberger NV by 2.0% in the fourth quarter. Principal Financial Group Inc. now owns 1,669,557 shares of the company’s stock worth $116,452,000 after buying an additional 31,976 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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