Analysts Set Schlumberger Limited (NYSE:SLB) Price Target at $54.79

Schlumberger Limited (NYSE:SLB - Get Free Report) has received an average recommendation of "Moderate Buy" from the twenty ratings firms that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $54.68.

A number of analysts have commented on the stock. Griffin Securities cut shares of Schlumberger from a "buy" rating to a "neutral" rating in a report on Friday, December 20th. Wells Fargo & Company upgraded Schlumberger from an "equal weight" rating to an "overweight" rating and reduced their price objective for the stock from $46.00 to $44.00 in a research note on Tuesday. Atb Cap Markets downgraded Schlumberger from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Citigroup boosted 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. Finally, Piper Sandler started coverage on Schlumberger in a research report on Thursday, December 19th. They issued a "neutral" rating and a $47.00 price target for the company.

Insider Transactions at Schlumberger

In related news, insider Dianne B. Ralston sold 43,161 shares of the company's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $43.96, for a total transaction of $1,897,357.56. Following the sale, the insider now owns 235,024 shares of the company's stock, valued at $10,331,655.04. This represents a 15.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Abdellah Merad sold 60,000 shares of the company's stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $41.44, for a total transaction of $2,486,400.00. Following the sale, the executive vice president now owns 210,502 shares in the company, valued at $8,723,202.88. This represents a 22.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 315,905 shares of company stock valued at $13,609,283. 0.26% of the stock is currently owned by insiders.

Institutional Trading of Schlumberger

Several institutional investors have recently added to or reduced their stakes in SLB. YANKCOM Partnership bought a new stake in shares of Schlumberger during the 4th quarter worth approximately $31,000. Stonebridge Financial Group LLC bought a new stake in shares of Schlumberger during the fourth quarter worth $32,000. Golden State Wealth Management LLC purchased a new stake in shares of Schlumberger during the fourth quarter valued at $34,000. Hager Investment Management Services LLC bought a new position in shares of Schlumberger in the fourth quarter worth about $38,000. Finally, True Wealth Design LLC increased its stake in Schlumberger by 584.7% in the 4th quarter. True Wealth Design LLC now owns 986 shares of the oil and gas company's stock worth $38,000 after buying an additional 842 shares during the period. Institutional investors own 81.99% of the company's stock.

Schlumberger Stock Performance

Shares of SLB traded down $1.17 during trading hours on Friday, hitting $31.98. The stock had a trading volume of 31,374,978 shares, compared to its average volume of 12,669,429. The firm has a market capitalization of $43.48 billion, a PE ratio of 10.28, a PEG 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 has a 12 month low of $31.54 and a 12 month high of $54.63. The stock has a fifty day moving average price of $40.47 and a 200 day moving average price of $41.24.

Schlumberger (NYSE:SLB - Get Free Report) last announced its earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (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 business had revenue of $9.28 billion for the quarter, compared to analysts' expectations of $9.24 billion. During the same period last year, the firm posted $0.86 earnings per share. The business's revenue for the quarter was up 3.3% on a year-over-year basis. Analysts anticipate that Schlumberger will post 3.38 EPS for the current year.

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 issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Wednesday, February 5th. This is an increase from Schlumberger's previous quarterly dividend of $0.28. Schlumberger's dividend payout ratio is 36.66%.

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.