Schlumberger NV (NYSE:SLB) has been assigned an average recommendation of “Buy” from the thirty-five ratings firms that are presently covering the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-nine have assigned a buy rating and one has given 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 $91.38.

A number of equities research analysts recently commented on SLB shares. Citigroup Inc. decreased their target price on Schlumberger NV from $92.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, September 12th. Guggenheim reiterated a “buy” rating on shares of Schlumberger NV in a research report on Wednesday, August 31st. Seaport Global Securities reiterated a “buy” rating on shares of Schlumberger NV in a research report on Friday, August 19th. Nomura set a $91.00 target price on Schlumberger NV and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Finally, Vetr reiterated a “buy” rating on shares of Schlumberger NV in a research report on Tuesday, August 2nd.

Schlumberger NV (NYSE:SLB) traded down 0.91% during midday trading on Thursday, hitting $80.30. The company had a trading volume of 2,052,562 shares. The company’s market capitalization is $111.72 billion. Schlumberger NV has a 52 week low of $59.60 and a 52 week high of $84.30. The stock has a 50 day moving average price of $80.03 and a 200 day moving average price of $78.71.

Schlumberger NV (NYSE:SLB) last posted its earnings results on Thursday, October 20th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. The company had revenue of $7 billion for the quarter, compared to the consensus estimate of $7.24 billion. Schlumberger NV had a positive return on equity of 5.06% and a negative net margin of 8.78%. The firm’s revenue for the quarter was down 17.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.78 earnings per share. Equities analysts forecast that Schlumberger NV will post $1.16 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Wednesday, December 7th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.47%. Schlumberger NV’s dividend payout ratio (DPR) is -108.70%.

In related news, Director Tore I. Sandvold sold 2,500 shares of the firm’s stock in a transaction on Friday, September 30th. The stock was sold at an average price of $78.09, for a total value of $195,225.00. Following the completion of the transaction, the director now owns 17,750 shares in the company, valued at approximately $1,386,097.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tore I. Sandvold sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $81.00, for a total value of $405,000.00. Following the completion of the transaction, the director now owns 12,750 shares of the company’s stock, valued at approximately $1,032,750. The disclosure for this sale can be found here. 0.36% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of SLB. Exxonmobil Investment Management Inc. TX raised its position in Schlumberger NV by 17.9% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 359,677 shares of the company’s stock worth $28,443,000 after buying an additional 54,547 shares during the last quarter. Candriam Luxembourg S.C.A. raised its position in Schlumberger NV by 20.6% in the second quarter. Candriam Luxembourg S.C.A. now owns 335,053 shares of the company’s stock worth $26,497,000 after buying an additional 57,346 shares during the last quarter. PGGM Investments raised its position in Schlumberger NV by 37.7% in the second quarter. PGGM Investments now owns 414,592 shares of the company’s stock worth $32,786,000 after buying an additional 113,523 shares during the last quarter. Evercore Wealth Management LLC raised its position in Schlumberger NV by 3.5% in the second quarter. Evercore Wealth Management LLC now owns 477,149 shares of the company’s stock worth $37,734,000 after buying an additional 16,224 shares during the last quarter. Finally, Boston Private Wealth LLC raised its position in Schlumberger NV by 14.2% in the second quarter. Boston Private Wealth LLC now owns 268,468 shares of the company’s stock worth $21,230,000 after buying an additional 33,367 shares during the last quarter. Institutional investors own 79.04% of the company’s stock.

About Schlumberger NV

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.

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