Investors Sell Shares of Schlumberger NV (SLB) on Strength (SLB)
Traders sold shares of Schlumberger NV (NYSE:SLB) on strength during trading on Thursday. $46.82 million flowed into the stock on the tick-up and $95.04 million flowed out of the stock on the tick-down, for a money net flow of $48.22 million out of the stock. Of all stocks tracked, Schlumberger NV had the 0th highest net out-flow for the day. Schlumberger NV traded up $0.65 for the day and closed at $81.50
A number of analysts have commented on SLB shares. Credit Suisse Group AG reiterated a “buy” rating and set a $80.00 target price on shares of Schlumberger NV in a research report on Monday, April 25th. Nomura boosted their target price on Schlumberger NV from $81.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, April 25th. KLR Group boosted their target price on Schlumberger NV from $103.00 to $106.00 and gave the stock a “buy” rating in a research report on Monday, April 25th. FBR & Co reiterated a “buy” rating on shares of Schlumberger NV in a research report on Saturday, April 23rd. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating and set a $94.00 target price (up from $82.00) on shares of Schlumberger NV in a research report on Monday, May 9th. Six investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. Schlumberger NV currently has a consensus rating of “Buy” and an average price target of $90.77.
The company’s 50 day moving average is $79.41 and its 200-day moving average is $75.72. The firm’s market cap is $113.34 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 analysts’ consensus estimates of $0.21 by $0.02. The business earned $7.16 billion during the quarter, compared to the consensus estimate of $7.09 billion. On average, equities analysts anticipate that Schlumberger NV will post $1.14 earnings per share for the current year.
The firm 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 dividend on an annualized basis and a dividend yield of 2.45%.
In other news, insider Robert Scott Rowe sold 8,001 shares of Schlumberger NV stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $80.65, for a total value of $645,280.65. Following the transaction, the insider now directly owns 21,307 shares in the company, valued at $1,718,409.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Stephane Biguet sold 4,227 shares of Schlumberger NV stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $78.52, for a total value of $331,904.04. Following the sale, the vice president now directly owns 7,108 shares in the company, valued at $558,120.16. The disclosure for this sale can be found here.
Other large investors have recently added to or reduced their stakes in the company. Argent Trust Co increased its stake in Schlumberger NV by 0.4% in the third quarter. Argent Trust Co now owns 14,953 shares of the company’s stock worth $1,032,000 after buying an additional 56 shares during the period. Private Capital Management Inc. purchased a new stake in Schlumberger NV during the fourth quarter worth $1,046,000. Genesee Valley Trust Co. increased its stake in 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 period. Capital Investment Counsel Inc increased its stake in Schlumberger NV by 1.1% in the fourth quarter. Capital Investment Counsel Inc now owns 20,386 shares of the company’s stock worth $1,422,000 after buying an additional 225 shares during the period. Finally, Buckingham Capital Management Inc. increased its stake in Schlumberger NV by 15.4% in the third quarter. Buckingham Capital Management Inc. now owns 22,314 shares of the company’s stock worth $1,539,000 after buying an additional 2,984 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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