Schlumberger Limited (NYSE:SLB) EVP Mogharbel Khaled Al Sells 123,097 Shares

Schlumberger Limited (NYSE:SLB) EVP Mogharbel Khaled Al sold 123,097 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $44.09, for a total transaction of $5,427,346.73. Following the transaction, the executive vice president now directly owns 184,626 shares in the company, valued at approximately $8,140,160.34. This represents a 40.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Schlumberger Trading Up 0.9 %

SLB opened at $41.99 on Friday. The company’s 50 day moving average is $40.79 and its 200-day moving average is $42.79. Schlumberger Limited has a 1-year low of $36.52 and a 1-year high of $55.69. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. The company has a market cap of $59.29 billion, a P/E ratio of 13.50, a PEG ratio of 3.58 and a beta of 1.52.

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

Schlumberger Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Susquehanna lowered their price target on shares of Schlumberger from $60.00 to $56.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. TD Cowen raised their price target on shares of Schlumberger from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $57.00 price target on shares of Schlumberger in a research report on Tuesday. Barclays decreased their target price on shares of Schlumberger from $61.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, December 18th. Finally, Evercore ISI reissued an “in-line” rating and issued a $44.00 target price (down from $62.00) on shares of Schlumberger in a report on Wednesday, January 15th. Six research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.81.

Institutional Investors Weigh In On Schlumberger

Several hedge funds have recently added to or reduced their stakes in SLB. Seven Eight Capital LP acquired a new stake in Schlumberger during the 2nd quarter worth approximately $385,000. Pacer Advisors Inc. boosted its position in Schlumberger by 4.7% during the 2nd quarter. Pacer Advisors Inc. now owns 100,979 shares of the oil and gas company’s stock worth $4,764,000 after buying an additional 4,575 shares during the period. Sei Investments Co. lifted its position in shares of Schlumberger by 1.8% in the 2nd quarter. Sei Investments Co. now owns 392,899 shares of the oil and gas company’s stock worth $18,537,000 after purchasing an additional 6,998 shares during the period. Summit Trail Advisors LLC lifted its position in shares of Schlumberger by 42.7% in the 2nd quarter. Summit Trail Advisors LLC now owns 16,381 shares of the oil and gas company’s stock worth $777,000 after purchasing an additional 4,898 shares during the period. Finally, Ensign Peak Advisors Inc lifted its position in shares of Schlumberger by 22.1% in the 2nd quarter. Ensign Peak Advisors Inc now owns 605,173 shares of the oil and gas company’s stock worth $28,552,000 after purchasing an additional 109,470 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.

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.