Traders Sell Schlumberger (SLB) on Strength (SLB)

Traders sold shares of Schlumberger Limited. (NYSE:SLB) on strength during trading hours on Friday. $67.51 million flowed into the stock on the tick-up and $134.44 million flowed out of the stock on the tick-down, for a money net flow of $66.93 million out of the stock. Of all stocks tracked, Schlumberger had the 0th highest net out-flow for the day. Schlumberger traded up $0.07 for the day and closed at $66.28

SLB has been the topic of several recent research reports. Piper Jaffray Companies set a $74.00 price objective on Schlumberger and gave the company a “buy” rating in a research report on Saturday, October 21st. Royal Bank of Canada set a $73.00 price objective on Schlumberger and gave the company a “buy” rating in a research report on Thursday, December 21st. Goldman Sachs Group downgraded Schlumberger from a “conviction-buy” rating to a “buy” rating and set a $75.00 price objective on the stock. in a research report on Monday, November 13th. Scotiabank set a $80.00 price objective on Schlumberger and gave the company a “buy” rating in a research report on Saturday, October 21st. Finally, UBS Group set a $95.00 price objective on Schlumberger and gave the company a “buy” rating in a research report on Monday, January 22nd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $82.29.

The stock has a market cap of $91,727.08, a P/E ratio of 44.19, a P/E/G ratio of 5.06 and a beta of 0.98. The company has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 0.40.

Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.04. The company had revenue of $8.18 billion during the quarter, compared to analyst estimates of $8.12 billion. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The firm’s revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 earnings per share. research analysts predict that Schlumberger Limited. will post 2.17 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Wednesday, February 7th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, February 6th. This represents a $2.00 annualized dividend and a yield of 3.02%. Schlumberger’s dividend payout ratio is presently -183.49%.

In other Schlumberger news, insider Howard Guild sold 25,000 shares of the company’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $78.26, for a total transaction of $1,956,500.00. Following the completion of the sale, the insider now directly owns 22,410 shares in the company, valued at $1,753,806.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Simon Ayat sold 75,000 shares of the company’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $78.86, for a total value of $5,914,500.00. Following the sale, the chief financial officer now owns 138,827 shares of the company’s stock, valued at $10,947,897.22. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

Large investors have recently made changes to their positions in the business. FNY Partners Fund LP acquired a new stake in shares of Schlumberger in the fourth quarter valued at about $101,000. Aviance Capital Management LLC acquired a new stake in shares of Schlumberger in the second quarter valued at about $100,000. Rational Advisors LLC acquired a new stake in shares of Schlumberger in the fourth quarter valued at about $108,000. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Schlumberger in the second quarter valued at about $107,000. Finally, Tradewinds Capital Management LLC grew its stake in shares of Schlumberger by 22.3% in the second quarter. Tradewinds Capital Management LLC now owns 1,636 shares of the oil and gas company’s stock valued at $108,000 after buying an additional 298 shares in the last quarter. Institutional investors own 79.18% of the company’s stock.

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About Schlumberger

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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