A number of other equities research analysts have also recently weighed in on the company. Goldman Sachs Group cut Schlumberger from a conviction-buy rating to a buy rating and set a $75.00 price target for the company. in a report on Monday, November 13th. Piper Jaffray Companies set a $74.00 price target on Schlumberger and gave the company a buy rating in a report on Saturday, October 21st. ValuEngine cut Schlumberger from a hold rating to a sell rating in a report on Sunday, December 31st. Citigroup dropped their price target on Schlumberger from $80.00 to $76.00 and set a buy rating for the company in a report on Wednesday, October 25th. Finally, Jefferies Group set a $78.00 price target on Schlumberger and gave the company a buy rating in a report on Thursday, January 4th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. Schlumberger currently has an average rating of Buy and an average price target of $82.29.
Shares of Schlumberger (NYSE SLB) opened at $66.28 on Wednesday. Schlumberger has a twelve month low of $61.02 and a twelve month high of $82.69. The firm has a market capitalization of $91,820.00, a price-to-earnings ratio of -60.81, a P/E/G ratio of 5.06 and a beta of 0.98. The company has a current ratio of 1.21, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Wednesday, February 7th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $2.00 annualized dividend and a dividend yield of 3.02%. Schlumberger’s dividend payout ratio is currently -183.49%.
In other news, insider Howard Guild sold 25,000 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $78.26, for a total value of $1,956,500.00. Following the transaction, the insider now directly owns 22,410 shares in the company, valued at approximately $1,753,806.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Simon Ayat sold 75,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief financial officer now owns 138,827 shares in the company, valued at $10,947,897.22. The disclosure for this sale can be found here. 0.38% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the company. Harding Loevner LP lifted its holdings in Schlumberger by 1,337.3% during the third quarter. Harding Loevner LP now owns 138,957,632 shares of the oil and gas company’s stock worth $569,035,000 after acquiring an additional 129,289,552 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Schlumberger by 2.9% during the second quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock worth $6,519,670,000 after acquiring an additional 2,790,227 shares in the last quarter. Dodge & Cox lifted its holdings in Schlumberger by 12.8% during the second quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock worth $3,178,193,000 after acquiring an additional 5,494,165 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Schlumberger by 6.8% during the fourth quarter. Bank of New York Mellon Corp now owns 27,353,450 shares of the oil and gas company’s stock worth $1,843,349,000 after acquiring an additional 1,733,171 shares in the last quarter. Finally, Northern Cross LLC lifted its holdings in Schlumberger by 15.3% during the fourth quarter. Northern Cross LLC now owns 19,852,648 shares of the oil and gas company’s stock worth $1,337,870,000 after acquiring an additional 2,637,527 shares in the last quarter. Institutional investors and hedge funds own 79.18% of the company’s stock.
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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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