Schlumberger NV (SLB) Shares Gap Up to $81.20
Schlumberger NV (NYSE:SLB) shares gapped up before the market opened on Monday . The stock had previously closed at $81.05, but opened at $81.20. Schlumberger NV shares last traded at $82.71, with a volume of 2,891,754 shares traded.
Several analysts have recently weighed in on the stock. Guggenheim upgraded shares of Schlumberger NV from a “sell” rating to a “neutral” rating in a research note on Tuesday, May 10th. Jefferies Group reiterated a “hold” rating and issued a $85.00 price objective (up previously from $80.00) on shares of Schlumberger NV in a research note on Monday, July 11th. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $94.00 price objective on shares of Schlumberger NV in a research note on Wednesday, June 15th. Vetr lowered shares of Schlumberger NV from a “buy” rating to a “hold” rating and set a $84.00 price objective for the company. in a research note on Wednesday, April 20th. Finally, Credit Suisse Group AG reiterated a “buy” rating on shares of Schlumberger NV in a research note on Thursday, June 2nd. Six equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $90.77.
The firm’s 50 day moving average price is $79.13 and its 200-day moving average price is $75.52. The company’s market capitalization is $114.73 billion.
Schlumberger NV (NYSE:SLB) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.21 by $0.02. The company earned $7.16 billion during the quarter, compared to the consensus estimate of $7.09 billion. On average, equities research analysts forecast that Schlumberger NV will post $1.14 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Wednesday, September 7th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.42%.
In related news, VP Stephane Biguet sold 4,227 shares of Schlumberger NV stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $78.52, for a total transaction of $331,904.04. Following the sale, the vice president now owns 7,108 shares of the company’s stock, valued at approximately $558,120.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lubna S. Olayan bought 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 31st. The shares were acquired at an average cost of $77.07 per share, for a total transaction of $115,605.00. Following the purchase, the director now directly owns 20,000 shares in the company, valued at approximately $1,541,400. The disclosure for this purchase can be found here.
A number of hedge funds have modified their holdings of SLB. Argent Trust Co increased its stake in shares of Schlumberger NV by 0.4% in the third quarter. Argent Trust Co now owns 14,953 shares of the company’s stock valued at $1,032,000 after buying an additional 56 shares during the period. Private Capital Management Inc. acquired a new stake in shares of Schlumberger NV during the fourth quarter valued at about $1,046,000. Genesee Valley Trust Co. increased 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. Bragg Financial Advisors Inc increased its stake in shares of Schlumberger NV by 368.7% in the fourth quarter. Bragg Financial Advisors Inc now owns 16,710 shares of the company’s stock valued at $1,166,000 after buying an additional 13,145 shares during the period. Finally, Capital Investment Counsel Inc increased its stake in shares of Schlumberger NV by 1.1% in the fourth quarter. Capital Investment Counsel Inc now owns 20,386 shares of the company’s stock valued at $1,422,000 after buying an additional 225 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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