Schlumberger Limited (NYSE:SLB) Director Vijay Kasibhatla Sells 25,000 Shares

Schlumberger Limited (NYSE:SLB) Director Vijay Kasibhatla sold 25,000 shares of Schlumberger stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total value of $1,098,500.00. Following the completion of the sale, the director now directly owns 49,595 shares of the company’s stock, valued at approximately $2,179,204.30. This represents a 33.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Schlumberger Trading Up 0.9 %

NYSE:SLB opened at $41.99 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. Schlumberger Limited has a one year low of $36.52 and a one year high of $55.69. The business’s 50-day simple moving average is $40.79 and its 200 day simple moving average is $42.79. The stock has a market cap of $59.29 billion, a price-to-earnings ratio of 13.50, a price-to-earnings-growth ratio of 3.58 and a beta of 1.52.

Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9,241,140 billion. During the same quarter in the previous year, the firm posted $0.86 earnings per share. The company’s revenue was up 3.3% compared to the same quarter last year. As a group, sell-side analysts predict that Schlumberger Limited will post 3.33 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be paid a $0.285 dividend. This is a boost from Schlumberger’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $1.14 annualized dividend and a dividend yield of 2.72%. Schlumberger’s payout ratio is 35.37%.

Institutional Trading of Schlumberger

Several institutional investors and hedge funds have recently bought and sold shares of SLB. Seven Eight Capital LP acquired a new stake in Schlumberger during the second quarter valued at approximately $385,000. Pacer Advisors Inc. raised its stake in Schlumberger by 4.7% during the second quarter. Pacer Advisors Inc. now owns 100,979 shares of the oil and gas company’s stock valued at $4,764,000 after buying an additional 4,575 shares in the last quarter. Sei Investments Co. raised its stake in Schlumberger by 1.8% during the second quarter. Sei Investments Co. now owns 392,899 shares of the oil and gas company’s stock valued at $18,537,000 after buying an additional 6,998 shares in the last quarter. Summit Trail Advisors LLC raised its stake in Schlumberger by 42.7% during the second quarter. Summit Trail Advisors LLC now owns 16,381 shares of the oil and gas company’s stock valued at $777,000 after buying an additional 4,898 shares in the last quarter. Finally, Ensign Peak Advisors Inc raised its stake in Schlumberger by 22.1% during the second quarter. Ensign Peak Advisors Inc now owns 605,173 shares of the oil and gas company’s stock valued at $28,552,000 after buying an additional 109,470 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Griffin Securities downgraded Schlumberger from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Susquehanna lowered their price target on Schlumberger from $60.00 to $56.00 and set a “positive” rating for the company in a research report on Monday, October 21st. Atb Cap Markets downgraded Schlumberger from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Citigroup boosted their price target on Schlumberger from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Barclays lowered their price target on Schlumberger from $61.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Schlumberger has a consensus rating of “Moderate Buy” and a consensus target price of $55.81.

Schlumberger Company Profile

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.