Investors Buy Schlumberger (SLB) on Weakness
Investors bought shares of Schlumberger (NYSE:SLB) on weakness during trading hours on Friday. $188.56 million flowed into the stock on the tick-up and $113.00 million flowed out of the stock on the tick-down, for a money net flow of $75.56 million into the stock. Of all equities tracked, Schlumberger had the 13th highest net in-flow for the day. Schlumberger traded down ($1.05) for the day and closed at $69.23
SLB has been the topic of several analyst reports. Barclays set a $70.00 price target on shares of Schlumberger and gave the stock a “hold” rating in a research note on Saturday, March 24th. UBS set a $95.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research note on Monday, January 22nd. Zacks Investment Research cut shares of Schlumberger from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. Cowen set a $85.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research note on Thursday, January 11th. Finally, ValuEngine lowered shares of Schlumberger from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-six have given a buy rating to the stock. Schlumberger presently has a consensus rating of “Buy” and an average target price of $80.68.
The company has a current ratio of 1.21, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. The firm has a market cap of $97,262.82, a P/E ratio of 46.15, a P/E/G ratio of 5.52 and a beta of 1.05.
In other news, CEO Paal Kibsgaard acquired 10,000 shares of the company’s stock in a transaction dated Monday, March 26th. The shares were bought at an average price of $64.68 per share, for a total transaction of $646,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mogharbel Khaled Al acquired 3,000 shares of the company’s stock in a transaction dated Wednesday, March 28th. The shares were purchased at an average price of $64.30 per share, for a total transaction of $192,900.00. Following the purchase, the insider now directly owns 30,482 shares of the company’s stock, valued at $1,959,992.60. The disclosure for this purchase can be found here. Insiders purchased 18,000 shares of company stock worth $1,163,650 in the last 90 days. 0.48% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Delek Group Ltd. purchased a new stake in shares of Schlumberger during the fourth quarter valued at approximately $100,000. FNY Partners Fund LP purchased a new stake in shares of Schlumberger during the fourth quarter valued at approximately $101,000. Aviance Capital Management LLC purchased a new stake in shares of Schlumberger during the second quarter valued at approximately $100,000. Rational Advisors LLC purchased a new stake in shares of Schlumberger during the fourth quarter valued at approximately $108,000. Finally, American Research & Management Co. grew its position in shares of Schlumberger by 81.1% during the fourth quarter. American Research & Management Co. now owns 1,731 shares of the oil and gas company’s stock worth $117,000 after buying an additional 775 shares in the last quarter. Institutional investors own 80.02% of the company’s stock.
Schlumberger Company Profile
Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.
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