Schlumberger Limited (NYSE:SLB) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Schlumberger Limited (NYSE:SLB) have received a consensus recommendation of “Moderate Buy” from the twenty-two research firms that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $55.81.

Several analysts have recently commented on the stock. Atb Cap Markets lowered shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Piper Sandler assumed coverage on shares of Schlumberger in a research report on Thursday, December 19th. They issued a “neutral” rating and a $47.00 price target on the stock. Jefferies Financial Group lowered their price target on shares of Schlumberger from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. BMO Capital Markets lowered their price target on shares of Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. Finally, Griffin Securities lowered shares of Schlumberger from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th.

Insider Buying and Selling at Schlumberger

In other news, EVP Mogharbel Khaled Al sold 123,097 shares of the firm’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 owns 184,626 shares of the company’s stock, valued at approximately $8,140,160.34. This trade represents a 40.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Vijay Kasibhatla sold 25,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the completion of the transaction, the director now directly owns 49,595 shares in the company, valued at approximately $2,179,204.30. This represents a 33.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 290,772 shares of company stock worth $12,546,660 in the last quarter. 0.26% of the stock is owned by insiders.

Hedge Funds Weigh In On Schlumberger

Hedge funds have recently made changes to their positions in the business. Prospera Private Wealth LLC purchased a new position in shares of Schlumberger in the 3rd quarter valued at $29,000. YANKCOM Partnership purchased a new stake in Schlumberger during the 4th quarter worth $31,000. Stonebridge Financial Group LLC purchased a new stake in Schlumberger during the 4th quarter worth $32,000. Ashton Thomas Securities LLC purchased a new stake in Schlumberger during the 3rd quarter worth $37,000. Finally, Golden State Wealth Management LLC purchased a new stake in Schlumberger during the 4th quarter worth $34,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Schlumberger Trading Up 2.9 %

Shares of Schlumberger stock opened at $41.10 on Monday. Schlumberger has a 12-month low of $36.52 and a 12-month 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 stock has a market cap of $55.89 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 10.10 and a beta of 1.47. The company has a 50-day moving average of $40.95 and a two-hundred day moving average of $41.52.

Schlumberger (NYSE:SLB) last issued its earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. The company had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.24 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $0.86 earnings per share. On average, research analysts anticipate that Schlumberger will post 3.38 EPS for the current fiscal year.

Schlumberger Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Wednesday, February 5th. This is a positive change from Schlumberger’s previous quarterly dividend of $0.28. Schlumberger’s dividend payout ratio (DPR) is 36.66%.

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.