By otakuyassine3@gmail.com 
Schlumberger (NYSE:SLB – Free Report) had its target price cut by Stifel Nicolaus from $60.00 to $59.00 in a research report released on Monday morning,Benzinga reports. They currently have a buy rating on the oil and gas company’s stock.
A number of other equities analysts also recently weighed in on the company. Sanford C. Bernstein raised Schlumberger to a “strong-buy” rating in a research report on Tuesday, November 12th. Piper Sandler initiated coverage on shares of Schlumberger in a report on Thursday, December 19th. They issued a “neutral” rating and a $47.00 price objective on the stock. BMO Capital Markets dropped their price target on Schlumberger from $60.00 to $58.00 and set an “outperform” rating for the company in a report on Thursday, October 10th. Griffin Securities cut Schlumberger from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Finally, Evercore ISI dropped their price target on shares of Schlumberger from $74.00 to $62.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Five analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $58.79.
View Our Latest Stock Analysis on SLB
Schlumberger Trading Up 1.3 %
NYSE:SLB opened at $37.73 on Monday. The business’s 50-day moving average price is $41.81 and its two-hundred day moving average price is $43.66. The company has a current ratio of 1.48, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $53.28 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 1.42 and a beta of 1.51. Schlumberger has a 1-year low of $36.52 and a 1-year high of $55.69.
Schlumberger (NYSE:SLB – Get Free Report) last released its quarterly earnings results on Friday, October 18th. The oil and gas company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.01. Schlumberger had a net margin of 12.44% and a return on equity of 21.84%. The company had revenue of $9.16 billion during the quarter, compared to analysts’ expectations of $9.27 billion. During the same quarter in the prior year, the company earned $0.78 earnings per share. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, equities analysts expect that Schlumberger will post 3.39 earnings per share for the current year.
Schlumberger Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Wednesday, December 4th. Schlumberger’s dividend payout ratio is currently 35.37%.
Insider Buying and Selling
In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $41.90, for a total value of $2,514,000.00. Following the transaction, the executive vice president now directly owns 211,937 shares in the company, valued at $8,880,160.30. This represents a 22.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is currently owned by insiders.
Institutional Trading of Schlumberger
A number of hedge funds have recently bought and sold shares of SLB. Financial Advocates Investment Management boosted its position in Schlumberger by 3.4% during the 2nd quarter. Financial Advocates Investment Management now owns 6,558 shares of the oil and gas company’s stock valued at $309,000 after buying an additional 218 shares during the period. Chilton Capital Management LLC boosted its stake in shares of Schlumberger by 0.8% in the 2nd quarter. Chilton Capital Management LLC now owns 26,202 shares of the oil and gas company’s stock worth $1,236,000 after buying an additional 219 shares during the last quarter. Grove Bank & Trust increased its stake in shares of Schlumberger by 17.4% in the 3rd quarter. Grove Bank & Trust now owns 1,514 shares of the oil and gas company’s stock worth $64,000 after purchasing an additional 224 shares in the last quarter. Addison Advisors LLC raised its stake in shares of Schlumberger by 6.5% in the second quarter. Addison Advisors LLC now owns 3,794 shares of the oil and gas company’s stock worth $179,000 after buying an additional 233 shares during the period. Finally, Clearstead Trust LLC boosted its position in shares of Schlumberger by 0.8% in the second quarter. Clearstead Trust LLC now owns 31,529 shares of the oil and gas company’s stock worth $1,488,000 after purchasing an additional 237 shares during the period. Institutional investors own 81.99% of the company’s stock.
About Schlumberger
Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.
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