Insider Selling: Schlumberger NV (SLB) Director Sells $195,225.00 in Stock
Schlumberger NV (NYSE:SLB) Director Tore I. Sandvold sold 2,500 shares of Schlumberger NV stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $78.09, for a total transaction of $195,225.00. Following the sale, the director now owns 17,750 shares in the company, valued at $1,386,097.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Schlumberger NV (NYSE:SLB) opened at 81.42 on Friday. Schlumberger NV has a 12 month low of $59.60 and a 12 month high of $83.97. The company’s market cap is $113.23 billion. The firm’s 50-day moving average is $78.78 and its 200-day moving average is $77.81.
Schlumberger NV (NYSE:SLB) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02. The firm earned $7.16 billion during the quarter, compared to analyst estimates of $7.09 billion. Schlumberger NV had a positive return on equity of 6.88% and a negative net margin of 5.64%. On average, analysts anticipate that Schlumberger NV will post $1.12 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Wednesday, September 7th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Friday, September 2nd. Schlumberger NV’s dividend payout ratio is presently -168.07%.
Several institutional investors have recently bought and sold shares of the company. FormulaFolio Investments LLC raised its position in shares of Schlumberger NV by 0.6% in the second quarter. FormulaFolio Investments LLC now owns 3,319 shares of the company’s stock worth $262,000 after buying an additional 20 shares during the period. M Holdings Securities Inc. raised its position in shares of Schlumberger NV by 0.8% in the second quarter. M Holdings Securities Inc. now owns 3,815 shares of the company’s stock worth $302,000 after buying an additional 31 shares during the period. Bowling Portfolio Management LLC raised its position in shares of Schlumberger NV by 0.5% in the second quarter. Bowling Portfolio Management LLC now owns 6,354 shares of the company’s stock worth $502,000 after buying an additional 33 shares during the period. River Wealth Advisors LLC raised its position in shares of Schlumberger NV by 0.3% in the second quarter. River Wealth Advisors LLC now owns 17,654 shares of the company’s stock worth $1,396,000 after buying an additional 46 shares during the period. Finally, McQueen Ball & Associates Inc. raised its position in shares of Schlumberger NV by 0.3% in the third quarter. McQueen Ball & Associates Inc. now owns 19,836 shares of the company’s stock worth $1,560,000 after buying an additional 50 shares during the period. 78.39% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on SLB shares. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $94.00 target price on shares of Schlumberger NV in a research report on Wednesday, June 15th. Citigroup Inc. reiterated a “buy” rating and set a $89.00 target price (down from $90.00) on shares of Schlumberger NV in a research report on Thursday, June 23rd. JPMorgan Chase & Co. restated a “buy” rating on shares of Schlumberger NV in a report on Thursday, June 30th. Credit Suisse Group AG restated a “buy” rating on shares of Schlumberger NV in a research report on Tuesday, June 28th. Finally, BMO Capital Markets restated a “buy” rating on shares of Schlumberger NV in a research report on Wednesday, July 13th. Four investment 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. The company has a consensus rating of “Buy” and an average price target of $90.59.
About Schlumberger NV
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.
Receive News & Ratings for Schlumberger NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger NV and related companies with MarketBeat.com's FREE daily email newsletter.