Shares of Schlumberger NV (NYSE:SLB) have received an average rating of “Buy” from the thirty-seven ratings firms that are covering the stock. Four analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $90.88.
A number of analysts have commented on SLB shares. Societe Generale raised shares of Schlumberger NV from a “hold” rating to a “buy” rating and lifted their target price for the stock from $86.00 to $91.00 in a report on Monday, July 18th. Citigroup Inc. reissued a “buy” rating and set a $89.00 price target on shares of Schlumberger NV in a research report on Friday, July 15th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Schlumberger NV in a research report on Thursday, June 30th. Credit Suisse Group AG reissued a “buy” rating on shares of Schlumberger NV in a research report on Tuesday, June 28th. Finally, BMO Capital Markets reissued a “buy” rating on shares of Schlumberger NV in a research report on Wednesday, July 13th.
Schlumberger NV (NYSE:SLB) opened at 80.98 on Thursday. The firm’s 50-day moving average is $78.67 and its 200 day moving average is $78.24. Schlumberger NV has a 52-week low of $59.60 and a 52-week high of $83.97. The firm’s market capitalization is $112.62 billion.
Schlumberger NV (NYSE:SLB) last released its earnings results on Thursday, July 21st. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. Schlumberger NV had a negative net margin of 5.64% and a positive return on equity of 6.88%. The firm earned $7.16 billion during the quarter, compared to analyst estimates of $7.09 billion. Equities analysts anticipate that Schlumberger NV will post $1.12 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Wednesday, September 7th were issued a $0.50 dividend. The ex-dividend date was Friday, September 2nd. This represents a $2.00 dividend on an annualized basis and a yield of 2.47%. Schlumberger NV’s payout ratio is presently -168.07%.
In other Schlumberger NV news, Director Tore I. Sandvold sold 2,500 shares of the company’s stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $78.09, for a total value of $195,225.00. Following the completion of the transaction, the director now owns 17,750 shares of the company’s stock, valued at approximately $1,386,097.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael E. Marks sold 13,600 shares of the company’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $81.19, for a total value of $1,104,184.00. The disclosure for this sale can be found here. 0.36% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of SLB. Capital World Investors boosted its position in shares of Schlumberger NV by 33.4% in the second quarter. Capital World Investors now owns 89,278,480 shares of the company’s stock worth $7,060,142,000 after buying an additional 22,351,159 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Schlumberger NV by 12.8% in the second quarter. Vanguard Group Inc. now owns 88,801,969 shares of the company’s stock worth $7,022,460,000 after buying an additional 10,096,266 shares during the last quarter. State Street Corp boosted its position in shares of Schlumberger NV by 10.1% in the second quarter. State Street Corp now owns 63,598,644 shares of the company’s stock worth $5,029,383,000 after buying an additional 5,820,269 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Schlumberger NV by 51.8% in the second quarter. Alliancebernstein L.P. now owns 9,778,108 shares of the company’s stock worth $773,253,000 after buying an additional 3,335,102 shares during the last quarter. Finally, Emerald Acquisition Ltd. purchased a new position in shares of Schlumberger NV during the second quarter worth about $262,975,000. 78.32% of the stock is owned by institutional investors and hedge funds.
About Schlumberger NV
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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