Investors sold shares of Schlumberger NV (NYSE:SLB) on strength during trading on Monday. $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 stocks tracked, Schlumberger NV had the 14th highest net out-flow for the day. Schlumberger NV traded up $0.09 for the day and closed at $78.55

SLB has been the topic of several recent research reports. Guggenheim upgraded shares of Schlumberger NV from a “sell” rating to a “neutral” rating in a research report on Tuesday, May 10th. Griffin Securities upgraded shares of Schlumberger NV from a “sell” rating to a “neutral” rating in a research report on Tuesday, May 10th. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of Schlumberger NV in a research report on Tuesday, July 5th. Cowen and Company lifted their price objective on shares of Schlumberger NV from $85.00 to $92.00 and gave the company an “outperform” rating in a research report on Monday, July 25th. Finally, Vetr downgraded shares of Schlumberger NV from a “strong-buy” rating to a “buy” rating and set a $84.40 price objective on the stock. in a research report on Tuesday, May 24th. Five research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $90.27.

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

Schlumberger NV (NYSE:SLB) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. The business had revenue of $7.16 billion for the quarter, compared to the consensus estimate of $7.09 billion. On average, equities research analysts forecast that Schlumberger NV will post $1.13 earnings per share for the current fiscal year.

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

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

Several institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its position in Schlumberger NV by 2.0% in the fourth quarter. Principal Financial Group Inc. now owns 1,669,557 shares of the company’s stock valued at $116,452,000 after buying an additional 31,976 shares in the last quarter. Employees Retirement System of Texas boosted its position in 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. Advantus Capital Management Inc boosted its position in 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 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. Finally, TrimTabs Asset Management LLC boosted its position in 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.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.