Investors purchased shares of Schlumberger Limited. (NYSE:SLB) on weakness during trading hours on Friday. $87.69 million flowed into the stock on the tick-up and $54.11 million flowed out of the stock on the tick-down, for a money net flow of $33.58 million into the stock. Of all companies tracked, Schlumberger Limited. had the 17th highest net in-flow for the day. Schlumberger Limited. traded down ($1.01) for the day and closed at $64.86

A number of equities research analysts have recently commented on SLB shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $92.00 price objective on shares of Schlumberger Limited. in a research note on Friday, June 30th. BMO Capital Markets reaffirmed a “buy” rating and issued a $89.00 price objective on shares of Schlumberger Limited. in a research note on Thursday, June 22nd. UBS AG set a $90.00 price objective on shares of Schlumberger Limited. and gave the company a “buy” rating in a research note on Friday, June 16th. Scotiabank set a $90.00 price objective on shares of Schlumberger Limited. and gave the company a “buy” rating in a research note on Friday, July 7th. Finally, Credit Suisse Group set a $78.00 price objective on shares of Schlumberger Limited. and gave the company a “buy” rating in a research note on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company. Schlumberger Limited. presently has a consensus rating of “Buy” and an average target price of $86.21.

The company’s 50 day moving average is $65.32 and its 200 day moving average is $71.18. The stock has a market capitalization of $89.80 billion, a P/E ratio of 510.71 and a beta of 1.03.

Schlumberger Limited. (NYSE:SLB) last announced its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.05. The company had revenue of $7.46 billion for the quarter, compared to analysts’ expectations of $7.25 billion. Schlumberger Limited. had a negative net margin of 1.08% and a negative return on equity of 0.74%. Schlumberger Limited.’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 EPS. Analysts expect that Schlumberger Limited. will post $1.51 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 6th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Friday, September 1st. Schlumberger Limited.’s payout ratio is 1,538.58%.

In related news, President Aaron Gatt Floridia sold 40,000 shares of the company’s stock in a transaction dated 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 transaction, the president now owns 96,175 shares in the company, valued at approximately $6,652,424.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael E. Marks purchased 8,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $64.20 per share, for a total transaction of $513,600.00. The disclosure for this purchase can be found here. Insiders own 0.38% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Valley National Advisers Inc. boosted its stake in Schlumberger Limited. by 0.3% in the 2nd quarter. Valley National Advisers Inc. now owns 2,594 shares of the oil and gas company’s stock worth $171,000 after purchasing an additional 8 shares in the last quarter. Wealth Architects LLC boosted its stake in Schlumberger Limited. by 0.3% in the 1st quarter. Wealth Architects LLC now owns 4,003 shares of the oil and gas company’s stock worth $313,000 after purchasing an additional 13 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management boosted its stake in Schlumberger Limited. by 0.5% in the 1st quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 3,720 shares of the oil and gas company’s stock worth $291,000 after purchasing an additional 18 shares in the last quarter. Syntal Capital Partners LLC boosted its stake in Schlumberger Limited. by 0.5% in the 1st quarter. Syntal Capital Partners LLC now owns 5,613 shares of the oil and gas company’s stock worth $439,000 after purchasing an additional 29 shares in the last quarter. Finally, Family Legacy Inc. boosted its stake in Schlumberger Limited. by 0.9% in the 2nd quarter. Family Legacy Inc. now owns 3,372 shares of the oil and gas company’s stock worth $222,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 78.99% of the company’s stock.

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About Schlumberger Limited.

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.

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