Schlumberger NV (NYSE:SLB) VP Mark Danton sold 10,000 shares of Schlumberger NV stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $79.99, for a total transaction of $799,900.00. Following the transaction, the vice president now directly owns 27,037 shares in the company, valued at approximately $2,162,689.63. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Schlumberger NV (NYSE:SLB) traded down 0.16% during mid-day trading on Wednesday, reaching $81.37. 350,763 shares of the company’s stock were exchanged. Schlumberger NV has a one year low of $59.60 and a one year high of $84.30. The stock has a 50-day moving average of $80.32 and a 200-day moving average of $78.85. The stock’s market cap is $113.21 billion.

Schlumberger NV (NYSE:SLB) last issued its quarterly earnings results on Thursday, October 20th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.03. The firm earned $7 billion during 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 company’s revenue for the quarter was down 17.2% on a year-over-year basis. During the same quarter last year, the company posted $0.78 EPS. On average, equities research analysts anticipate that Schlumberger NV will post $1.16 earnings per share for the current year.

Insider Buying and Selling by Quarter for Schlumberger NV (NYSE:SLB)

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Wednesday, December 7th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, December 5th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.45%. Schlumberger NV’s dividend payout ratio (DPR) is presently -108.70%.

Several research analysts recently weighed in on SLB shares. Scotiabank reissued a “sector outperform” rating and set a $90.00 price objective (up previously from $80.00) on shares of Schlumberger NV in a research note on Tuesday, July 26th. Vetr reissued a “buy” rating on shares of Schlumberger NV in a research note on Tuesday, August 2nd. Citigroup Inc. reissued a “buy” rating on shares of Schlumberger NV in a research note on Wednesday, August 3rd. Nomura set a $91.00 price target on shares of Schlumberger NV and gave the company a “buy” rating in a research note on Tuesday, August 16th. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Schlumberger NV in a research note on Friday, August 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $91.01.

Hedge funds have recently modified their holdings of the stock. LPL Financial LLC increased its stake in shares of Schlumberger NV by 1.3% in the first quarter. LPL Financial LLC now owns 217,404 shares of the company’s stock worth $15,797,000 after buying an additional 2,850 shares during the period. Eachwin Capital LP purchased a new stake in Schlumberger NV during the first quarter worth $504,000. Babson Capital Management LLC increased its stake in Schlumberger NV by 166.7% in the first quarter. Babson Capital Management LLC now owns 27,359 shares of the company’s stock worth $2,018,000 after buying an additional 17,100 shares during the last quarter. Squarepoint Ops LLC increased its stake in Schlumberger NV by 201.7% in the first quarter. Squarepoint Ops LLC now owns 24,103 shares of the company’s stock worth $1,778,000 after buying an additional 16,115 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in Schlumberger NV by 13.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 65,818 shares of the company’s stock worth $4,837,000 after buying an additional 7,929 shares during the last quarter. Hedge funds and other institutional investors own 78.84% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece was first published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are reading this piece on another site, it was copied illegally and republished in violation of United States & international copyright legislation. The original version of this piece can be viewed at https://www.thecerbatgem.com/2016/11/23/schlumberger-nv-slb-vp-mark-danton-sells-10000-shares-of-stock.html.

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.

5 Day Chart for NYSE:SLB

Receive News & Stock Ratings for Schlumberger NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger NV and related stocks with our FREE daily email newsletter.