Schlumberger N.V. (SLB) Rating Reiterated by Seaport Global Securities

Seaport Global Securities restated their buy rating on shares of Schlumberger N.V. (NYSE:SLB) in a research note issued to investors on Friday, July 21st.

SLB has been the subject of a number of other research reports. Zacks Investment Research raised shares of Schlumberger N.V. from a sell rating to a hold rating in a report on Thursday, July 20th. Scotiabank set a $90.00 price objective on shares of Schlumberger N.V. and gave the company a buy rating in a report on Friday, July 7th. Stephens reaffirmed an overweight rating and issued a $89.00 target price on shares of Schlumberger N.V. in a research report on Monday, March 27th. Jefferies Group LLC reaffirmed an equal weight rating on shares of Schlumberger N.V. in a research report on Friday, April 14th. Finally, Cowen and Company reaffirmed an outperform rating and issued a $99.00 target price on shares of Schlumberger N.V. in a research report on Tuesday, April 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $86.40.

Shares of Schlumberger N.V. (NYSE:SLB) opened at 63.83 on Friday. The stock has a 50 day moving average of $66.44 and a 200 day moving average of $73.68. The company has a market cap of $88.37 billion, a price-to-earnings ratio of 502.60 and a beta of 1.02. Schlumberger N.V. has a 12-month low of $63.74 and a 12-month high of $87.84.

Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.05. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The firm had revenue of $7.46 billion during the quarter, compared to analyst estimates of $7.25 billion. During the same quarter in the prior year, the firm posted $0.23 earnings per share. Schlumberger N.V.’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts predict that Schlumberger N.V. will post $1.51 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Wednesday, September 6th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, September 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.13%. Schlumberger N.V.’s dividend payout ratio (DPR) is presently 1,538.58%.

In related news, Director Tore I. Sandvold sold 5,000 shares of the stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $69.82, for a total transaction of $349,100.00. Following the completion of the sale, the director now directly owns 5,000 shares of the company’s stock, valued at $349,100. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Helge Lund purchased 2,800 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The shares were bought at an average cost of $66.78 per share, with a total value of $186,984.00. The disclosure for this purchase can be found here. Company insiders own 0.38% of the company’s stock.

Several large investors have recently modified their holdings of the company. Valley National Advisers Inc. increased its stake in shares of Schlumberger N.V. by 0.3% in the second quarter. Valley National Advisers Inc. now owns 2,594 shares of the oil and gas company’s stock valued at $171,000 after buying an additional 8 shares in the last quarter. Wealth Architects LLC increased its stake in shares of Schlumberger N.V. by 0.3% in the first quarter. Wealth Architects LLC now owns 4,003 shares of the oil and gas company’s stock valued at $313,000 after buying an additional 13 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management increased its stake in shares of Schlumberger N.V. by 0.5% in the first quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 3,720 shares of the oil and gas company’s stock valued at $291,000 after buying an additional 18 shares in the last quarter. Syntal Capital Partners LLC increased its stake in shares of Schlumberger N.V. by 0.5% in the first quarter. Syntal Capital Partners LLC now owns 5,613 shares of the oil and gas company’s stock valued at $439,000 after buying an additional 29 shares in the last quarter. Finally, STA Wealth Management LLC increased its stake in shares of Schlumberger N.V. by 0.3% in the fourth quarter. STA Wealth Management LLC now owns 10,070 shares of the oil and gas company’s stock valued at $845,000 after buying an additional 30 shares in the last quarter. 79.14% of the stock is owned by hedge funds and other institutional investors.

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.

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