Investors Sell Shares of Schlumberger (SLB) on Strength (SLB)

Traders sold shares of Schlumberger Limited. (NYSE:SLB) on strength during trading on Friday. $48.01 million flowed into the stock on the tick-up and $80.68 million flowed out of the stock on the tick-down, for a money net flow of $32.67 million out of the stock. Of all equities tracked, Schlumberger had the 0th highest net out-flow for the day. Schlumberger traded up $0.64 for the day and closed at $66.04

Several brokerages recently issued reports on SLB. Piper Jaffray Companies reiterated a “buy” rating and issued a $80.00 target price on shares of Schlumberger in a research report on Monday, July 23rd. ValuEngine downgraded shares of Schlumberger from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Credit Suisse Group set a $80.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research note on Tuesday, June 12th. Wells Fargo & Co increased their price target on shares of Schlumberger from $76.00 to $82.00 and gave the stock an “outperform” rating in a research note on Thursday, May 24th. Finally, Seaport Global Securities set a $72.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research note on Monday, July 23rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $79.91.

The company has a current ratio of 1.12, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38. The firm has a market cap of $90.52 billion, a P/E ratio of 44.03, a P/E/G ratio of 5.94 and a beta of 0.97.

Schlumberger (NYSE:SLB) last issued its earnings results on Friday, July 20th. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. Schlumberger had a negative net margin of 2.34% and a positive return on equity of 6.25%. The company had revenue of $8.30 billion for the quarter, compared to analysts’ expectations of $8.35 billion. During the same quarter last year, the company posted $0.35 earnings per share. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. analysts expect that Schlumberger Limited. will post 1.84 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 12th. Stockholders of record on Wednesday, September 5th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.03%. Schlumberger’s payout ratio is 133.33%.

In other news, VP Claudia Jaramillo sold 3,000 shares of the firm’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $72.68, for a total transaction of $218,040.00. Following the sale, the vice president now directly owns 6,162 shares in the company, valued at approximately $447,854.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the business. New Mexico Educational Retirement Board grew its stake in shares of Schlumberger by 3.4% during the fourth quarter. New Mexico Educational Retirement Board now owns 133,601 shares of the oil and gas company’s stock worth $9,003,000 after purchasing an additional 4,400 shares during the period. American Research & Management Co. grew its stake in Schlumberger by 81.1% in the fourth quarter. American Research & Management Co. now owns 1,731 shares of the oil and gas company’s stock valued at $117,000 after acquiring an additional 775 shares during the period. Sei Investments Co. grew its stake in Schlumberger by 31.1% in the fourth quarter. Sei Investments Co. now owns 1,016,259 shares of the oil and gas company’s stock valued at $68,485,000 after acquiring an additional 240,824 shares during the period. Hourglass Capital LLC grew its stake in Schlumberger by 31.5% in the fourth quarter. Hourglass Capital LLC now owns 140,024 shares of the oil and gas company’s stock valued at $9,436,000 after acquiring an additional 33,515 shares during the period. Finally, Willingdon Wealth Management grew its stake in Schlumberger by 2.6% in the fourth quarter. Willingdon Wealth Management now owns 52,237 shares of the oil and gas company’s stock valued at $3,520,000 after acquiring an additional 1,345 shares during the period. 78.31% of the stock is owned by institutional investors and hedge funds.

About Schlumberger

Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.

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