A number of other brokerages have also weighed in on SLB. ValuEngine raised shares of Schlumberger from a sell rating to a hold rating in a report on Wednesday, October 2nd. Morgan Stanley lowered their target price on shares of Schlumberger from $51.00 to $50.00 and set an overweight rating for the company in a report on Tuesday, October 8th. Piper Jaffray Companies set a $40.00 target price on shares of Schlumberger and gave the stock a buy rating in a report on Monday, July 1st. Gabelli started coverage on shares of Schlumberger in a report on Thursday, June 27th. They set a buy rating and a $55.00 target price for the company. Finally, Citigroup lowered their target price on shares of Schlumberger from $44.00 to $42.00 and set a buy rating for the company in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of Buy and an average target price of $44.82.
Shares of Schlumberger stock opened at $35.11 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.29 and a quick ratio of 1.01. The firm has a market cap of $48.16 billion, a P/E ratio of 21.67, a P/E/G ratio of 3.24 and a beta of 1.49. The firm has a 50 day simple moving average of $34.39 and a 200 day simple moving average of $37.49. Schlumberger has a fifty-two week low of $30.65 and a fifty-two week high of $54.25.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Wednesday, December 4th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.70%. The ex-dividend date is Tuesday, December 3rd. Schlumberger’s dividend payout ratio is presently 123.46%.
In other news, VP Simon Farrant sold 5,000 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $33.55, for a total value of $167,750.00. Following the completion of the transaction, the vice president now owns 20,316 shares of the company’s stock, valued at approximately $681,601.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.48% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. lifted its position in Schlumberger by 1.0% in the 2nd quarter. Tokio Marine Asset Management Co. Ltd. now owns 25,410 shares of the oil and gas company’s stock valued at $1,010,000 after acquiring an additional 262 shares in the last quarter. Pendal Group Ltd lifted its position in Schlumberger by 1.5% in the 2nd quarter. Pendal Group Ltd now owns 18,636 shares of the oil and gas company’s stock valued at $703,000 after acquiring an additional 269 shares in the last quarter. Artemis Investment Management LLP lifted its position in Schlumberger by 4.9% in the 2nd quarter. Artemis Investment Management LLP now owns 6,260 shares of the oil and gas company’s stock valued at $248,000 after acquiring an additional 293 shares in the last quarter. Glassman Wealth Services lifted its position in Schlumberger by 6.0% in the 2nd quarter. Glassman Wealth Services now owns 5,177 shares of the oil and gas company’s stock valued at $206,000 after acquiring an additional 295 shares in the last quarter. Finally, Trust Co. of Vermont lifted its position in Schlumberger by 1.3% in the 3rd quarter. Trust Co. of Vermont now owns 23,037 shares of the oil and gas company’s stock valued at $787,000 after acquiring an additional 296 shares in the last quarter. 76.66% of the stock is owned by institutional investors.
Schlumberger Company Profile
Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.
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