A number of other analysts have also recently commented on the stock. Instinet reaffirmed a buy rating and set a $78.00 price target (down previously from $85.00) on shares of Schlumberger N.V. in a research report on Monday, July 24th. Jefferies Group LLC reissued a buy rating and set a $80.00 price objective (down previously from $92.00) on shares of Schlumberger N.V. in a research report on Monday, July 24th. Credit Suisse Group set a $78.00 price objective on shares of Schlumberger N.V. and gave the stock a buy rating in a research report on Monday, July 24th. Goldman Sachs Group, Inc. (The) reissued a conviction-buy rating on shares of Schlumberger N.V. in a research report on Saturday, July 22nd. Finally, Zacks Investment Research raised shares of Schlumberger N.V. from a sell rating to a hold rating in a research report on Thursday, July 20th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $86.40.
Schlumberger N.V. (NYSE:SLB) opened at 63.83 on Friday. Schlumberger N.V. has a 12 month low of $63.74 and a 12 month high of $87.84. The firm has a market cap of $88.37 billion, a price-to-earnings ratio of 502.60 and a beta of 1.02. The firm’s 50-day moving average price is $66.44 and its 200-day moving average price is $73.68.
Schlumberger N.V. (NYSE:SLB) last issued its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.05. The business had revenue of $7.46 billion for the quarter, compared to analysts’ expectations of $7.25 billion. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 earnings per share. Equities research analysts predict that Schlumberger N.V. will post $1.51 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Wednesday, September 6th will be paid a $0.50 dividend. The ex-dividend date is Friday, September 1st. This represents a $2.00 annualized dividend and a dividend yield of 3.13%. Schlumberger N.V.’s dividend payout ratio is presently 1,538.58%.
In related news, Director Helge Lund acquired 2,800 shares of the stock in a transaction that occurred on Monday, July 24th. The shares were bought at an average price of $66.78 per share, for a total transaction of $186,984.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Aaron Gatt Floridia sold 40,000 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $69.17, for a total transaction 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 disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.
A number of hedge funds have recently made changes to their positions in SLB. Vanguard Group Inc. boosted its stake in shares of Schlumberger N.V. by 2.9% in the second quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock worth $6,519,670,000 after buying an additional 2,790,227 shares during the period. State Street Corp boosted its stake in shares of Schlumberger N.V. by 1.1% in the first quarter. State Street Corp now owns 72,400,230 shares of the oil and gas company’s stock worth $5,655,994,000 after buying an additional 769,874 shares during the period. Dodge & Cox boosted its stake in shares of Schlumberger N.V. by 12.8% in the second quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock worth $3,178,193,000 after buying an additional 5,494,165 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Schlumberger N.V. by 1.8% in the first quarter. Bank of New York Mellon Corp now owns 26,666,760 shares of the oil and gas company’s stock worth $2,082,673,000 after buying an additional 477,006 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Schlumberger N.V. by 2.9% in the second quarter. Northern Trust Corp now owns 18,762,468 shares of the oil and gas company’s stock worth $1,235,321,000 after buying an additional 536,928 shares during the period. 79.14% of the stock is owned by institutional investors and hedge funds.
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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