Traders Sell Shares of Schlumberger N.V. (SLB) on Strength (SLB)
Traders sold shares of Schlumberger N.V. (NYSE:SLB) on strength during trading hours on Monday. $46.75 million flowed into the stock on the tick-up and $89.12 million flowed out of the stock on the tick-down, for a money net flow of $42.37 million out of the stock. Of all stocks tracked, Schlumberger N.V. had the 0th highest net out-flow for the day. Schlumberger N.V. traded up $0.34 for the day and closed at $63.35
A number of brokerages recently commented on SLB. UBS AG set a $90.00 price target on Schlumberger N.V. and gave the stock a “buy” rating in a research report on Friday, June 16th. Seaport Global Securities restated a “buy” rating on shares of Schlumberger N.V. in a research report on Friday, July 21st. BidaskClub cut Schlumberger N.V. from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Jefferies Group LLC set a $80.00 price target on Schlumberger N.V. and gave the stock a “buy” rating in a research report on Friday, August 25th. Finally, Instinet restated a “buy” rating and issued a $78.00 price target (down previously from $85.00) on shares of Schlumberger N.V. in a research report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $86.21.
The company has a 50-day moving average price of $65.38 and a 200-day moving average price of $71.26. The company has a market cap of $90.13 billion, a P/E ratio of 512.60 and a beta of 1.03.
Schlumberger N.V. (NYSE:SLB) last released its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.05. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The business had revenue of $7.46 billion during the quarter, compared to analysts’ expectations of $7.25 billion. During the same quarter last year, the business posted $0.23 EPS. The business’s revenue was up 4.2% on a year-over-year basis. On average, equities research analysts predict that Schlumberger N.V. will post $1.51 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Wednesday, September 6th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.07%. The ex-dividend date is Friday, September 1st. Schlumberger N.V.’s dividend payout ratio (DPR) is currently 1,538.58%.
In other news, Director Michael E. Marks bought 8,000 shares of the stock in a transaction dated Friday, August 11th. The stock was bought at an average price of $64.20 per share, for a total transaction of $513,600.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Aaron Gatt Floridia sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $69.17, for a total value of $2,766,800.00. Following the completion of the transaction, the president now owns 96,175 shares of the company’s stock, valued at approximately $6,652,424.75. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Schlumberger N.V. by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock valued at $6,519,670,000 after purchasing an additional 2,790,227 shares during the period. State Street Corp lifted its stake in shares of Schlumberger N.V. by 1.1% in the 1st quarter. State Street Corp now owns 72,400,230 shares of the oil and gas company’s stock valued at $5,655,994,000 after purchasing an additional 769,874 shares during the period. Dodge & Cox lifted its stake in shares of Schlumberger N.V. by 12.8% in the 2nd quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock valued at $3,178,193,000 after purchasing an additional 5,494,165 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Schlumberger N.V. by 1.8% in the 1st quarter. Bank of New York Mellon Corp now owns 26,666,760 shares of the oil and gas company’s stock valued at $2,082,673,000 after purchasing an additional 477,006 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Schlumberger N.V. by 2.9% in the 2nd quarter. Northern Trust Corp now owns 18,762,468 shares of the oil and gas company’s stock valued at $1,235,321,000 after purchasing an additional 536,928 shares during the period. Institutional investors own 78.99% of the company’s stock.
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Schlumberger N.V. Company Profile
Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.