La Chevardiere Patrick De Sells 2,000 Shares of Schlumberger Limited (NYSE:SLB) Stock

Schlumberger Limited (NYSE:SLB - Get Free Report) Director La Chevardiere Patrick De sold 2,000 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $47.28, for a total transaction of $94,560.00. Following the sale, the director now owns 30,811 shares of the company's stock, valued at approximately $1,456,744.08. This represents a 6.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Schlumberger Stock Performance

NYSE:SLB traded down $0.08 during mid-day trading on Friday, hitting $36.83. 36,341,695 shares of the company traded hands, compared to its average volume of 11,325,839. The stock's fifty day moving average price is $42.06 and its 200-day moving average price is $43.75. Schlumberger Limited has a one year low of $36.52 and a one year high of $55.69. The company has a quick ratio of 1.12, a current ratio of 1.48 and a debt-to-equity ratio of 0.52. The firm has a market cap of $52.01 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 1.42 and a beta of 1.51.

Schlumberger (NYSE:SLB - Get Free Report) last announced its quarterly earnings data on Friday, October 18th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.01. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. The company had revenue of $9.16 billion during the quarter, compared to the consensus estimate of $9.27 billion. During the same period in the previous year, the company posted $0.78 EPS. The firm's revenue was up 10.2% on a year-over-year basis. Research analysts anticipate that Schlumberger Limited will post 3.39 earnings per share for the current fiscal year.

Schlumberger Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 4th will be paid a $0.275 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.99%. Schlumberger's dividend payout ratio (DPR) is presently 35.37%.

Wall Street Analyst Weigh In

SLB has been the topic of several recent analyst reports. Citigroup cut their price target on shares of Schlumberger from $53.00 to $50.00 and set a "buy" rating on the stock in a report on Thursday. Morgan Stanley dropped their price objective on shares of Schlumberger from $65.00 to $60.00 and set an "overweight" rating on the stock in a research note on Monday, September 16th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $69.00 target price on shares of Schlumberger in a research note on Thursday, October 3rd. UBS Group lowered their target price on shares of Schlumberger from $63.00 to $57.00 and set a "buy" rating for the company in a report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. cut their price target on Schlumberger from $64.00 to $60.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 1st. Five 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $58.85.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. State Street Corp raised its holdings in Schlumberger by 0.6% during the third quarter. State Street Corp now owns 90,209,014 shares of the oil and gas company's stock valued at $3,808,476,000 after acquiring an additional 528,279 shares during the period. Geode Capital Management LLC raised its stake in Schlumberger by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 28,608,226 shares of the oil and gas company's stock valued at $1,195,290,000 after purchasing an additional 239,966 shares during the period. Legal & General Group Plc lifted its holdings in Schlumberger by 14.0% in the 2nd quarter. Legal & General Group Plc now owns 12,686,384 shares of the oil and gas company's stock worth $598,544,000 after purchasing an additional 1,560,684 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Schlumberger by 20.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,213,944 shares of the oil and gas company's stock worth $470,425,000 after purchasing an additional 1,916,851 shares during the period. Finally, Van ECK Associates Corp grew its holdings in Schlumberger by 1.2% during the 2nd quarter. Van ECK Associates Corp now owns 8,583,818 shares of the oil and gas company's stock valued at $404,985,000 after buying an additional 100,477 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.

About Schlumberger

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.