Traders sold shares of Schlumberger Limited. (NYSE:SLB) on strength during trading on Friday. $102.17 million flowed into the stock on the tick-up and $177.45 million flowed out of the stock on the tick-down, for a money net flow of $75.28 million out of the stock. Of all stocks tracked, Schlumberger had the 20th highest net out-flow for the day. Schlumberger traded up $0.92 for the day and closed at $77.97

Several brokerages have issued reports on SLB. Jefferies Group reissued a “buy” rating and set a $80.00 target price on shares of Schlumberger in a research note on Friday, September 29th. Citigroup boosted their target price on shares of Schlumberger from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, October 5th. Cowen set a $80.00 target price on shares of Schlumberger and gave the company a “buy” rating in a research note on Friday, October 6th. Royal Bank of Canada set a $86.00 target price on shares of Schlumberger and gave the company a “buy” rating in a research note on Saturday, October 7th. Finally, Deutsche Bank began coverage on shares of Schlumberger in a research note on Tuesday, October 10th. They set a “buy” rating and a $78.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Schlumberger has a consensus rating of “Buy” and a consensus price target of $79.56.

The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.53. The stock has a market cap of $108,010.00, a price-to-earnings ratio of 199.92, a P/E/G ratio of 1.53 and a beta of 1.01.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. Schlumberger had a net margin of 1.86% and a return on equity of 4.42%. The business had revenue of $7.91 billion for the quarter, compared to analysts’ expectations of $7.91 billion. During the same period in the previous year, the company posted $0.25 EPS. Schlumberger’s revenue was up 12.6% on a year-over-year basis. research analysts forecast that Schlumberger Limited. will post 1.46 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Wednesday, December 6th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Tuesday, December 5th. Schlumberger’s dividend payout ratio is currently 512.82%.

In other news, Director Tore I. Sandvold sold 3,500 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total transaction of $219,205.00. Following the transaction, the director now directly owns 1,500 shares in the company, valued at approximately $93,945. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.38% of the company’s stock.

A number of large investors have recently modified their holdings of SLB. West Oak Capital LLC boosted its holdings in Schlumberger by 2.9% in the second quarter. West Oak Capital LLC now owns 18,007 shares of the oil and gas company’s stock worth $1,186,000 after purchasing an additional 506 shares in the last quarter. Pioneer Trust Bank N A OR boosted its holdings in Schlumberger by 2.1% in the second quarter. Pioneer Trust Bank N A OR now owns 52,249 shares of the oil and gas company’s stock worth $3,440,000 after purchasing an additional 1,070 shares in the last quarter. Catawba Capital Management VA boosted its holdings in Schlumberger by 0.7% in the second quarter. Catawba Capital Management VA now owns 60,590 shares of the oil and gas company’s stock worth $3,989,000 after purchasing an additional 415 shares in the last quarter. Xact Kapitalforvaltning AB boosted its holdings in Schlumberger by 2.1% in the second quarter. Xact Kapitalforvaltning AB now owns 111,721 shares of the oil and gas company’s stock worth $7,356,000 after purchasing an additional 2,264 shares in the last quarter. Finally, Boltwood Capital Management boosted its holdings in Schlumberger by 1.5% in the second quarter. Boltwood Capital Management now owns 6,780 shares of the oil and gas company’s stock worth $446,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 79.31% of the company’s stock.

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Schlumberger 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.

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