Schlumberger Limited (NYSE:SLB) VP Sells $2,118,875.00 in Stock

Schlumberger Limited (NYSE:SLBGet Rating) VP Kevin Fyfe sold 36,850 shares of the business’s stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $57.50, for a total transaction of $2,118,875.00. Following the completion of the sale, the vice president now directly owns 32,105 shares of the company’s stock, valued at approximately $1,846,037.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Kevin Fyfe also recently made the following trade(s):

  • On Monday, November 7th, Kevin Fyfe sold 6,095 shares of Schlumberger stock. The stock was sold at an average price of $53.00, for a total transaction of $323,035.00.

Schlumberger Trading Down 0.7 %

SLB traded down $0.39 on Tuesday, hitting $55.47. The company had a trading volume of 8,775,422 shares, compared to its average volume of 10,716,588. The firm has a market cap of $78.66 billion, a P/E ratio of 23.28, a PEG ratio of 0.50 and a beta of 1.79. Schlumberger Limited has a 1 year low of $30.65 and a 1 year high of $62.78. The company’s fifty day moving average price is $52.94 and its 200 day moving average price is $44.77. The company has a current ratio of 1.25, a quick ratio of 0.92 and a debt-to-equity ratio of 0.59.

Schlumberger (NYSE:SLBGet Rating) last issued its quarterly earnings data on Friday, January 20th. The oil and gas company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.02. The firm had revenue of $7.88 billion for the quarter, compared to analyst estimates of $7.80 billion. Schlumberger had a net margin of 12.25% and a return on equity of 18.51%. Schlumberger’s revenue was up 26.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. As a group, equities analysts expect that Schlumberger Limited will post 3.03 earnings per share for the current year.

Schlumberger Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 6th. Shareholders of record on Wednesday, February 8th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, February 7th. This is a positive change from Schlumberger’s previous quarterly dividend of $0.18. This represents a $1.00 dividend on an annualized basis and a yield of 1.80%. Schlumberger’s dividend payout ratio is 29.17%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SLB. Wells Fargo & Company boosted their price target on shares of Schlumberger from $51.00 to $69.00 and gave the stock an “overweight” rating in a report on Wednesday, October 26th. Raymond James started coverage on shares of Schlumberger in a report on Friday, December 9th. They issued an “outperform” rating and a $65.00 price target for the company. Citigroup lifted their target price on shares of Schlumberger from $62.00 to $67.00 and gave the stock a “buy” rating in a research note on Tuesday. Benchmark started coverage on shares of Schlumberger in a research note on Thursday, January 19th. They set a “buy” rating and a $65.00 target price on the stock. Finally, Griffin Securities reaffirmed a “buy” rating on shares of Schlumberger in a research note on Monday, January 16th. One investment analyst has rated the stock with a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat, Schlumberger currently has an average rating of “Moderate Buy” and an average target price of $55.67.

Institutional Trading of Schlumberger

A number of institutional investors and hedge funds have recently bought and sold shares of SLB. Jennison Associates LLC increased its stake in Schlumberger by 59.3% during the second quarter. Jennison Associates LLC now owns 28,917,488 shares of the oil and gas company’s stock worth $1,034,089,000 after purchasing an additional 10,761,322 shares during the period. FMR LLC increased its stake in Schlumberger by 44.9% during the second quarter. FMR LLC now owns 32,671,828 shares of the oil and gas company’s stock worth $1,168,374,000 after purchasing an additional 10,121,321 shares during the period. Allen Investment Management LLC increased its stake in Schlumberger by 32,149.8% during the second quarter. Allen Investment Management LLC now owns 6,498,016 shares of the oil and gas company’s stock worth $232,369,000 after purchasing an additional 6,477,867 shares during the period. Franklin Resources Inc. increased its stake in Schlumberger by 501.7% during the second quarter. Franklin Resources Inc. now owns 7,401,112 shares of the oil and gas company’s stock worth $264,665,000 after purchasing an additional 6,171,139 shares during the period. Finally, Mirabella Financial Services LLP increased its stake in Schlumberger by 4,920.1% during the third quarter. Mirabella Financial Services LLP now owns 4,487,500 shares of the oil and gas company’s stock worth $4,488,000 after purchasing an additional 4,398,110 shares during the period. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

About Schlumberger

(Get Rating)

Schlumberger NV engages in the provision of technology for reservoir characterization, drilling, production and processing to the oil and gas industry. It operates through the following business segments: Digital and Integration, Reservoir Performance, Well Construction, and Production Systems. The Digital and Integration segment combines the company’s software and seismic businesses with its integrated offering of asset performance solutions.

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Insider Buying and Selling by Quarter for Schlumberger (NYSE:SLB)

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