Investors Buy Schlumberger N.V. (SLB) on Weakness

Investors bought shares of Schlumberger N.V. (NYSE:SLB) on weakness during trading hours on Friday. $45.38 million flowed into the stock on the tick-up and $36.35 million flowed out of the stock on the tick-down, for a money net flow of $9.03 million into the stock. Of all companies tracked, Schlumberger N.V. had the 23rd highest net in-flow for the day. Schlumberger N.V. traded down ($0.21) for the day and closed at $61.93

Several research firms have commented on SLB. Zacks Investment Research cut shares of Schlumberger N.V. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. BidaskClub upgraded shares of Schlumberger N.V. from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Argus began coverage on shares of Schlumberger N.V. in a report on Monday, August 21st. They set a “buy” rating for the company. Barclays PLC set a $70.00 price target on shares of Schlumberger N.V. and gave the stock a “hold” rating in a report on Wednesday, October 25th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating on shares of Schlumberger N.V. in a report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Schlumberger N.V. currently has an average rating of “Buy” and a consensus price target of $79.31.

The firm has a market cap of $86,080.18, a PE ratio of 48.17, a price-to-earnings-growth ratio of 1.90 and a beta of 1.02. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.53 and a quick ratio of 1.20.

Schlumberger N.V. (NYSE:SLB) last issued its quarterly earnings data on Friday, October 20th. The oil and gas company reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. Schlumberger N.V. had a net margin of 1.86% and a return on equity of 4.42%. The business had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $7.91 billion. During the same quarter in the previous year, the firm earned $0.25 EPS. The company’s revenue was up 12.6% compared to the same quarter last year. sell-side analysts predict that Schlumberger N.V. will post 1.47 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Wednesday, December 6th will be given a $0.50 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $2.00 annualized dividend and a yield of 3.23%. Schlumberger N.V.’s dividend payout ratio (DPR) is 512.83%.

In related news, Director Tore I. Sandvold sold 3,500 shares of the company’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total value of $219,205.00. Following the completion of the sale, the director now owns 1,500 shares in the company, valued at approximately $93,945. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.38% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Valley National Advisers Inc. increased its stake in Schlumberger N.V. by 0.3% in the 2nd quarter. Valley National Advisers Inc. now owns 2,594 shares of the oil and gas company’s stock valued at $171,000 after buying an additional 8 shares during the period. Family Legacy Inc. increased its stake in Schlumberger N.V. by 0.9% in the 2nd quarter. Family Legacy Inc. now owns 3,372 shares of the oil and gas company’s stock valued at $222,000 after buying an additional 30 shares during the period. Frontier Wealth Management LLC increased its stake in Schlumberger N.V. by 0.4% in the 2nd quarter. Frontier Wealth Management LLC now owns 8,229 shares of the oil and gas company’s stock valued at $542,000 after buying an additional 35 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its stake in Schlumberger N.V. by 0.3% in the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,886 shares of the oil and gas company’s stock valued at $848,000 after buying an additional 36 shares during the period. Finally, Delta Asset Management LLC TN increased its stake in Schlumberger N.V. by 0.8% in the 2nd quarter. Delta Asset Management LLC TN now owns 5,189 shares of the oil and gas company’s stock valued at $342,000 after buying an additional 40 shares during the period. Hedge funds and other institutional investors own 79.03% of the company’s stock.

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About Schlumberger N.V.

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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