Schlumberger Limited. (NYSE:SLB) Director Michael E. Marks purchased 8,000 shares of the firm’s stock in a transaction on Thursday, September 6th. The stock was acquired at an average price of $60.31 per share, with a total value of $482,480.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

NYSE SLB traded down $0.51 on Friday, hitting $59.70. 11,055,021 shares of the company were exchanged, compared to its average volume of 6,474,071. Schlumberger Limited. has a 12 month low of $59.25 and a 12 month high of $80.35. The firm has a market cap of $83.34 billion, a PE ratio of 39.80, a P/E/G ratio of 5.47 and a beta of 0.96. The company has a quick ratio of 0.85, a current ratio of 1.12 and a debt-to-equity ratio of 0.38.

Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, July 20th. The oil and gas company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Schlumberger had a negative net margin of 2.34% and a positive return on equity of 6.25%. The firm had revenue of $8.30 billion for the quarter, compared to analyst estimates of $8.35 billion. During the same period last year, the firm earned $0.35 earnings per share. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. equities analysts predict that Schlumberger Limited. will post 1.84 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 12th. Investors of record on Wednesday, September 5th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Tuesday, September 4th. Schlumberger’s payout ratio is currently 133.33%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SLB. Fisher Asset Management LLC lifted its position in shares of Schlumberger by 21,872.1% during the first quarter. Fisher Asset Management LLC now owns 5,868,964 shares of the oil and gas company’s stock valued at $380,192,000 after purchasing an additional 5,842,253 shares in the last quarter. Summit Trail Advisors LLC increased its stake in shares of Schlumberger by 6,833.5% in the first quarter. Summit Trail Advisors LLC now owns 3,457,055 shares of the oil and gas company’s stock worth $3,457,000 after purchasing an additional 3,407,195 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Schlumberger by 8.0% in the second quarter. Bank of New York Mellon Corp now owns 29,461,493 shares of the oil and gas company’s stock worth $1,974,805,000 after purchasing an additional 2,188,823 shares in the last quarter. Ceredex Value Advisors LLC purchased a new position in shares of Schlumberger in the first quarter worth about $72,450,000. Finally, Sustainable Growth Advisers LP grew its stake in Schlumberger by 19.0% during the first quarter. Sustainable Growth Advisers LP now owns 4,895,144 shares of the oil and gas company’s stock valued at $317,107,000 after acquiring an additional 781,606 shares in the last quarter. 78.36% of the stock is currently owned by institutional investors.

SLB has been the subject of several recent research reports. Jefferies Financial Group set a $80.00 price target on shares of Schlumberger and gave the company a “buy” rating in a research report on Monday, July 23rd. Seaport Global Securities set a $72.00 price target on shares of Schlumberger and gave the company a “buy” rating in a research report on Monday, July 23rd. Citigroup decreased their price target on shares of Schlumberger from $78.00 to $77.00 and set a “buy” rating for the company in a research report on Monday, July 23rd. Credit Suisse Group upped their price target on shares of Schlumberger from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, July 23rd. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $80.00 price target on shares of Schlumberger in a research report on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $79.90.

About Schlumberger

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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