Schlumberger N.V. (NYSE:SLB) had its price target increased by Citigroup Inc. from $77.00 to $80.00 in a research report report published on Thursday morning. Citigroup Inc. currently has a buy rating on the oil and gas company’s stock.

A number of other research analysts have also weighed in on SLB. UBS AG set a $90.00 target price on shares of Schlumberger N.V. and gave the stock a buy rating in a research report on Friday, June 16th. Barclays PLC lowered shares of Schlumberger N.V. from an overweight rating to an equal weight rating and cut their target price for the stock from $98.00 to $73.00 in a research report on Wednesday, June 21st. Morgan Stanley boosted their target price on shares of Schlumberger N.V. from $90.00 to $110.00 and gave the stock an equal weight rating in a research report on Wednesday, June 21st. HSBC Holdings plc reissued a neutral rating and set a $80.00 target price (down previously from $86.00) on shares of Schlumberger N.V. in a research report on Wednesday, June 21st. Finally, BMO Capital Markets reissued a buy rating and set a $89.00 target price on shares of Schlumberger N.V. in a research report on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $84.52.

Shares of Schlumberger N.V. (NYSE SLB) opened at 68.34 on Thursday. Schlumberger N.V. has a 52 week low of $62.56 and a 52 week high of $87.84. The firm has a market capitalization of $94.62 billion, a P/E ratio of 538.11 and a beta of 1.05. The stock’s 50 day moving average price is $66.39 and its 200 day moving average price is $69.47.

Schlumberger N.V. (NYSE:SLB) last released its earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.05. The firm had revenue of $7.46 billion during the quarter, compared to analyst estimates of $7.25 billion. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 EPS. On average, analysts predict that Schlumberger N.V. will post $1.52 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Wednesday, September 6th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, September 1st. This represents a $2.00 annualized dividend and a yield of 2.93%. Schlumberger N.V.’s dividend payout ratio is 1,538.58%.

In other news, Director Helge Lund acquired 2,800 shares of the firm’s stock in a transaction on Monday, July 24th. The shares were purchased at an average cost of $66.78 per share, with a total value of $186,984.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael E. Marks acquired 8,000 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $64.20 per share, for a total transaction of $513,600.00. The disclosure for this purchase can be found here. 0.38% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of SLB. First Eagle Investment Management LLC grew its stake in shares of Schlumberger N.V. by 103.9% during the second quarter. First Eagle Investment Management LLC now owns 16,025,764 shares of the oil and gas company’s stock valued at $1,055,136,000 after purchasing an additional 8,167,945 shares during the last quarter. Dodge & Cox grew its stake in shares of Schlumberger N.V. by 12.8% during the second quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock valued at $3,178,193,000 after purchasing an additional 5,494,165 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Schlumberger N.V. by 33.5% during the second quarter. American Century Companies Inc. now owns 11,117,713 shares of the oil and gas company’s stock valued at $731,990,000 after purchasing an additional 2,791,675 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Schlumberger N.V. by 2.9% during the second quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock valued at $6,519,670,000 after purchasing an additional 2,790,227 shares during the last quarter. Finally, Capital Research Global Investors grew its stake in shares of Schlumberger N.V. by 13.8% during the second quarter. Capital Research Global Investors now owns 16,460,016 shares of the oil and gas company’s stock valued at $1,083,727,000 after purchasing an additional 1,993,829 shares during the last quarter. 78.91% of the stock is currently owned by hedge funds and other institutional investors.

Schlumberger N.V. Company Profile

Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.

Analyst Recommendations for Schlumberger N.V. (NYSE:SLB)

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