Schlumberger Limited (NYSE:SLB) Insider Aparna Raman Sells 25,133 Shares

Schlumberger Limited (NYSE:SLB - Get Free Report) insider Aparna Raman sold 25,133 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $42.28, for a total value of $1,062,623.24. Following the completion of the sale, the insider now directly owns 31,031 shares in the company, valued at $1,311,990.68. This trade represents a 44.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Schlumberger Price Performance

Shares of NYSE:SLB traded down $4.45 during trading on Friday, reaching $34.77. The stock had a trading volume of 49,142,508 shares, compared to its average volume of 12,475,730. The stock has a market capitalization of $47.28 billion, a PE ratio of 11.18, a P/E/G ratio of 10.10 and a beta of 1.11. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. Schlumberger Limited has a 52 week low of $34.05 and a 52 week high of $55.65. The business's 50-day moving average price is $41.18 and its 200 day moving average price is $41.49.

Schlumberger (NYSE:SLB - Get Free Report) last posted its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $9.24 billion. During the same quarter in the previous year, the firm earned $0.86 earnings per share. The business's revenue was up 3.3% on a year-over-year basis. As a group, equities analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current year.

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Schlumberger Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th were given a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 3.28%. The ex-dividend date was Wednesday, February 5th. This is a boost from Schlumberger's previous quarterly dividend of $0.28. Schlumberger's dividend payout ratio (DPR) is presently 36.66%.

Hedge Funds Weigh In On Schlumberger

A number of large investors have recently modified their holdings of the stock. YANKCOM Partnership bought a new position in Schlumberger in the 4th quarter valued at $31,000. Stonebridge Financial Group LLC acquired a new stake in Schlumberger in the fourth quarter worth about $32,000. Golden State Wealth Management LLC bought a new stake in Schlumberger during the 4th quarter worth about $34,000. True Wealth Design LLC lifted its position in Schlumberger by 584.7% during the 4th quarter. True Wealth Design LLC now owns 986 shares of the oil and gas company's stock valued at $38,000 after purchasing an additional 842 shares during the period. Finally, Hager Investment Management Services LLC bought a new position in shares of Schlumberger in the 4th quarter valued at about $38,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Royal Bank of Canada reissued an "outperform" rating and set a $57.00 target price on shares of Schlumberger in a research report on Tuesday, January 21st. Citigroup upped their price target on Schlumberger from $50.00 to $54.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Stifel Nicolaus decreased their price objective on Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a report on Monday, December 23rd. Finally, Griffin Securities lowered Schlumberger from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Six analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $55.69.

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.