Insider Selling: Schlumberger Limited (NYSE:SLB) EVP Sells 123,097 Shares of Stock

Schlumberger Limited (NYSE:SLB) EVP Mogharbel Khaled Al sold 123,097 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $44.09, for a total value 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. The trade was a 40.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Schlumberger Trading Up 0.4 %

SLB stock traded up $0.18 during midday trading on Tuesday, reaching $43.76. The company’s stock had a trading volume of 22,980,622 shares, compared to its average volume of 14,666,994. Schlumberger Limited has a 1 year low of $36.52 and a 1 year high of $55.69. The stock has a fifty day simple moving average of $40.84 and a two-hundred day simple moving average of $42.81. The firm has a market capitalization of $61.80 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 3.61 and a beta of 1.52. 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 (NYSE:SLB) last released its quarterly earnings data 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 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 business posted $0.86 EPS. Schlumberger’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities research analysts predict that Schlumberger Limited will post 3.29 EPS for the current year.

Schlumberger Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be issued a $0.285 dividend. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Wednesday, February 5th. Schlumberger’s payout ratio is presently 36.66%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SLB. TD Cowen upped their price objective on Schlumberger from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday. Wells Fargo & Company cut their price objective on shares of Schlumberger from $49.00 to $46.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 17th. Citigroup raised their target price on Schlumberger from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday. Atb Cap Markets lowered Schlumberger from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $44.00 price objective (down from $62.00) on shares of Schlumberger in a research report on Wednesday, January 15th. Six analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Schlumberger currently has an average rating of “Moderate Buy” and an average target price of $55.81.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Seven Eight Capital LP bought a new position in shares of Schlumberger during the second quarter valued at 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 valued at $4,764,000 after acquiring an additional 4,575 shares in the last quarter. Sei Investments Co. increased its holdings 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 valued at $18,537,000 after acquiring an additional 6,998 shares during the period. Summit Trail Advisors LLC increased its holdings 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 valued at $777,000 after acquiring an additional 4,898 shares during the period. Finally, Ensign Peak Advisors Inc raised 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 acquiring an additional 109,470 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors.

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.