Schlumberger (NYSE:SLB) Stock Price Down 0.7% - What's Next?

Schlumberger Limited (NYSE:SLB - Get Free Report)'s stock price dropped 0.7% during trading on Wednesday . The company traded as low as $41.16 and last traded at $41.50. Approximately 1,799,415 shares changed hands during trading, a decline of 87% from the average daily volume of 14,038,738 shares. The stock had previously closed at $41.78.

Wall Street Analyst Weigh In

SLB has been the topic of a number of research analyst reports. Griffin Securities lowered shares of Schlumberger from a "buy" rating to a "neutral" rating in a report on Friday, December 20th. TD Cowen raised their price objective on shares of Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. BMO Capital Markets dropped their price objective on shares of Schlumberger from $53.00 to $48.00 in a report on Thursday, January 16th. Stifel Nicolaus lowered their price target on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research note on Monday, December 23rd. Finally, Barclays lowered their price target on shares of Schlumberger from $61.00 to $53.00 and set an "overweight" rating on the stock in a research note on Wednesday, December 18th. Six investment 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, Schlumberger currently has an average rating of "Moderate Buy" and a consensus price target of $55.81.

Schlumberger Stock Down 0.8 %

The firm has a market cap of $58.48 billion, a P/E ratio of 13.42, a P/E/G ratio of 9.49 and a beta of 1.51. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. The firm's fifty day moving average is $40.08 and its 200 day moving average is $42.05.

Schlumberger (NYSE:SLB - Get Free Report) last announced its earnings results on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. The business had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.24 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. Schlumberger's revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.86 EPS. As a group, equities research analysts anticipate that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $1.14 dividend on an annualized basis and a yield of 2.73%. This is an increase from Schlumberger's previous quarterly dividend of $0.28. Schlumberger's payout ratio is currently 36.66%.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, EVP Mogharbel Khaled Al sold 123,097 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president now owns 184,626 shares of the company's stock, valued at $8,140,160.34. The trade was a 40.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Bejar Carmen Rando sold 5,524 shares of the business's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $40.41, for a total transaction of $223,224.84. Following the completion of the sale, the insider now directly owns 30,829 shares of the company's stock, valued at $1,245,799.89. This represents a 15.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 263,782 shares of company stock valued at $11,442,229 in the last quarter. Company insiders own 0.26% of the company's stock.

Institutional Trading of Schlumberger

A number of institutional investors and hedge funds have recently made changes to their positions in SLB. Exchange Traded Concepts LLC lifted its holdings in shares of Schlumberger by 205.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 15,636 shares of the oil and gas company's stock worth $656,000 after acquiring an additional 10,520 shares during the period. Sumitomo Life Insurance Co. lifted its holdings in shares of Schlumberger by 4.3% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 18,172 shares of the oil and gas company's stock worth $762,000 after acquiring an additional 755 shares during the period. One Wealth Advisors LLC lifted its holdings in shares of Schlumberger by 22.3% during the 3rd quarter. One Wealth Advisors LLC now owns 6,402 shares of the oil and gas company's stock worth $270,000 after acquiring an additional 1,167 shares during the period. nVerses Capital LLC lifted its holdings in shares of Schlumberger by 26.6% during the 3rd quarter. nVerses Capital LLC now owns 13,800 shares of the oil and gas company's stock worth $579,000 after acquiring an additional 2,900 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Schlumberger by 2.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 169,243 shares of the oil and gas company's stock worth $7,100,000 after purchasing an additional 3,882 shares in the last quarter. 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.