Schlumberger NV (SLB) VP Mark Danton Sells 10,000 Shares of Stock
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.
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.
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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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