Schlumberger N.V. (NYSE:SLB) saw some unusual options trading activity on Friday. Traders acquired 7,346 put options on the company. This represents an increase of 114% compared to the typical daily volume of 3,429 put options.
Schlumberger N.V. (NYSE:SLB) opened at 64.40 on Friday. Schlumberger N.V. has a 12-month low of $64.15 and a 12-month high of $87.84. The company has a market cap of $89.16 billion, a P/E ratio of 507.09 and a beta of 1.02. The firm has a 50-day moving average price of $66.49 and a 200-day moving average price of $73.83.
Schlumberger N.V. (NYSE:SLB) last announced its earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The company had revenue of $7.46 billion for the quarter, compared to analyst estimates of $7.25 billion. During the same period in the prior year, the company posted $0.23 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts forecast that Schlumberger N.V. will post $1.51 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 6th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Friday, September 1st. Schlumberger N.V.’s dividend payout ratio is currently 1,538.58%.
In other news, President Aaron Gatt Floridia sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $69.17, for a total value of $2,766,800.00. Following the sale, the president now directly owns 96,175 shares in the company, valued at approximately $6,652,424.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Tore I. Sandvold sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $69.82, for a total transaction of $349,100.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $349,100. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. William Blair Investment Management LLC increased its stake in Schlumberger N.V. by 4.2% in the fourth quarter. William Blair Investment Management LLC now owns 1,374,707 shares of the oil and gas company’s stock valued at $115,407,000 after buying an additional 55,603 shares during the last quarter. Intact Investment Management Inc. increased its stake in Schlumberger N.V. by 62.8% in the fourth quarter. Intact Investment Management Inc. now owns 11,150 shares of the oil and gas company’s stock valued at $936,000 after buying an additional 4,300 shares during the last quarter. AMF Pensionsforsakring AB increased its stake in Schlumberger N.V. by 10.7% in the fourth quarter. AMF Pensionsforsakring AB now owns 1,408,211 shares of the oil and gas company’s stock valued at $118,219,000 after buying an additional 135,798 shares during the last quarter. Zurich Insurance Group Ltd FI increased its stake in Schlumberger N.V. by 1.3% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 202,172 shares of the oil and gas company’s stock valued at $16,972,000 after buying an additional 2,678 shares during the last quarter. Finally, Tyers Asset Management LLC purchased a new stake in Schlumberger N.V. during the fourth quarter valued at $33,112,000. 79.14% of the stock is currently owned by institutional investors.
A number of research analysts recently issued reports on the stock. BidaskClub lowered shares of Schlumberger N.V. from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research lowered shares of Schlumberger N.V. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Loop Capital dropped their price objective on shares of Schlumberger N.V. from $93.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, July 25th. Seaport Global Securities reiterated a “buy” rating on shares of Schlumberger N.V. in a report on Friday, July 21st. Finally, Instinet restated a “buy” rating and set a $78.00 price target (down previously from $85.00) on shares of Schlumberger N.V. in a report on Monday, July 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. Schlumberger N.V. has a consensus rating of “Buy” and an average price target of $86.40.
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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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