Schlumberger (SLB) Receives “Buy” Rating from Cowen
A number of other equities research analysts have also commented on the company. Jefferies Group set a $85.00 price objective on Schlumberger and gave the stock a buy rating in a research report on Wednesday, April 4th. SunTrust Banks upgraded Schlumberger from a hold rating to a buy rating in a research report on Tuesday, April 3rd. They noted that the move was a valuation call. Barclays set a $70.00 price objective on Schlumberger and gave the stock a hold rating in a research report on Saturday, March 24th. Credit Suisse Group set a $86.00 price objective on Schlumberger and gave the stock a buy rating in a research report on Wednesday, March 14th. Finally, ValuEngine lowered Schlumberger from a hold rating to a sell rating in a research report on Thursday, March 1st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $81.08.
Shares of NYSE SLB opened at $68.52 on Friday. Schlumberger has a one year low of $61.02 and a one year high of $80.35. The stock has a market cap of $94,038.25, a price-to-earnings ratio of 45.68, a price-to-earnings-growth ratio of 5.37 and a beta of 1.05. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.95.
The business also recently announced a quarterly dividend, which was paid on Friday, April 13th. Investors of record on Wednesday, February 7th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $2.00 annualized dividend and a yield of 2.92%. Schlumberger’s dividend payout ratio (DPR) is currently 133.33%.
In related news, CEO Paal Kibsgaard bought 10,000 shares of Schlumberger stock in a transaction that occurred on Monday, March 26th. The stock was purchased at an average cost of $64.68 per share, for a total transaction of $646,800.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mogharbel Khaled Al bought 3,000 shares of Schlumberger stock in a transaction that occurred on Wednesday, March 28th. The stock was bought at an average price of $64.30 per share, with a total value of $192,900.00. Following the completion of the acquisition, the insider now owns 30,482 shares in the company, valued at approximately $1,959,992.60. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 18,000 shares of company stock valued at $1,163,650. Corporate insiders own 0.48% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of SLB. Rafferty Asset Management LLC increased its position in Schlumberger by 9.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 11,891 shares of the oil and gas company’s stock worth $783,000 after buying an additional 983 shares during the period. Isthmus Partners LLC increased its position in Schlumberger by 1.4% in the 2nd quarter. Isthmus Partners LLC now owns 92,291 shares of the oil and gas company’s stock worth $6,076,000 after buying an additional 1,246 shares during the period. Pathstone Family Office LLC increased its position in Schlumberger by 73.3% in the 2nd quarter. Pathstone Family Office LLC now owns 5,035 shares of the oil and gas company’s stock worth $4,410,000 after buying an additional 2,129 shares during the period. Tetrem Capital Management Ltd. increased its position in Schlumberger by 3.4% in the 2nd quarter. Tetrem Capital Management Ltd. now owns 838,598 shares of the oil and gas company’s stock worth $55,213,000 after buying an additional 27,657 shares during the period. Finally, UBS Asset Management Americas Inc. increased its position in Schlumberger by 4.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,048,285 shares of the oil and gas company’s stock worth $266,539,000 after buying an additional 154,718 shares during the period. Hedge funds and other institutional investors own 80.02% of the company’s stock.
Schlumberger Company Profile
Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.
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