Schlumberger NV (NYSE:SLB) – Investment analysts at DA Davidson reduced their Q1 2017 EPS estimates for Schlumberger NV in a research report issued to clients and investors on Tuesday. DA Davidson analyst S. Randhawa now anticipates that the brokerage will post earnings per share of $0.38 for the quarter, down from their prior forecast of $0.42.
Several other equities analysts have also recently weighed in on SLB. FBR & Co reiterated a “buy” rating on shares of Schlumberger NV in a research report on Saturday, April 23rd. Howard Weil lifted their price objective on shares of Schlumberger NV from $80.00 to $90.00 and gave the stock a “sector outperform” rating in a research report on Monday. Vetr cut shares of Schlumberger NV from a “strong-buy” rating to a “buy” rating and set a $84.40 price objective on the stock. in a research report on Tuesday, May 24th. Zacks Investment Research upgraded shares of Schlumberger NV from a “strong sell” rating to a “hold” rating in a research report on Friday, April 8th. Finally, Credit Suisse Group AG reiterated a “buy” rating and set a $80.00 price objective on shares of Schlumberger NV in a research report on Monday, April 25th. Six analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $90.77.
Shares of Schlumberger NV (NYSE:SLB) traded down 0.79% during mid-day trading on Wednesday, hitting $79.96. The stock had a trading volume of 6,618,255 shares. Schlumberger NV has a 52 week low of $59.60 and a 52 week high of $85.12. The stock’s market cap is $111.22 billion. The stock has a 50-day moving average price of $78.69 and a 200 day moving average price of $74.51.
A number of hedge funds and institutional investors have added to or reduced their stakes in the stock. First Trust Advisors LP increased its position in Schlumberger NV by 3.0% in the fourth quarter. First Trust Advisors LP now owns 277,557 shares of the company’s stock worth $19,360,000 after buying an additional 8,184 shares during the period. Schwartz Investment Counsel Inc. increased its position in Schlumberger NV by 5.9% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 491,275 shares of the company’s stock worth $34,266,000 after buying an additional 27,250 shares during the period. Cadence Capital Management LLC increased its position in Schlumberger NV by 11.6% in the fourth quarter. Cadence Capital Management LLC now owns 209,810 shares of the company’s stock worth $14,634,000 after buying an additional 21,846 shares during the period. Denver Investment Advisors LLC increased its position in Schlumberger NV by 5.5% in the fourth quarter. Denver Investment Advisors LLC now owns 150,397 shares of the company’s stock worth $10,494,000 after buying an additional 7,885 shares during the period. Finally, Sei Investments Co. increased its position in Schlumberger NV by 1,948.0% in the fourth quarter. Sei Investments Co. now owns 635,161 shares of the company’s stock worth $44,303,000 after buying an additional 604,148 shares during the period.
In other news, insider Howard Guild sold 11,900 shares of the stock in a transaction on Monday, July 25th. The shares were sold at an average price of $81.32, for a total transaction of $967,708.00. Following the completion of the sale, the insider now owns 19,781 shares of the company’s stock, valued at $1,608,590.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lubna S. Olayan acquired 1,500 shares of the stock in a transaction dated Tuesday, May 31st. The shares were bought at an average cost of $77.07 per share, with a total value of $115,605.00. Following the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at $1,541,400. The disclosure for this purchase can be found here.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Wednesday, September 7th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.48%.
Schlumberger N.V. is a supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry. The Company operates in the oilfield service markets through three groups: Reservoir Characterization, Drilling and Production. Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
