Insider Selling: Schlumberger Limited. (NYSE:SLB) CAO Sells $318,240.00 in Stock

Schlumberger Limited. (NYSE:SLB) CAO Howard Guild sold 9,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $35.36, for a total value of $318,240.00.

NYSE:SLB opened at $35.36 on Monday. Schlumberger Limited. has a 12-month low of $30.65 and a 12-month high of $49.18. The company has a quick ratio of 0.95, a current ratio of 1.29 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $48.05 billion, a P/E ratio of 21.83, a P/E/G ratio of 3.26 and a beta of 1.49. The stock’s fifty day simple moving average is $33.84 and its 200-day simple moving average is $36.41.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, October 18th. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.03. Schlumberger had a positive return on equity of 6.00% and a negative net margin of 30.22%. The business had revenue of $8.54 billion for the quarter, compared to analyst estimates of $8.50 billion. During the same period last year, the company earned $0.46 EPS. The firm’s revenue was up .4% on a year-over-year basis. As a group, equities research analysts expect that Schlumberger Limited. will post 1.46 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Wednesday, December 4th will be given a $0.50 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $2.00 annualized dividend and a dividend yield of 5.66%. Schlumberger’s dividend payout ratio is currently 123.46%.

Several large investors have recently bought and sold shares of SLB. Tokio Marine Asset Management Co. Ltd. lifted its holdings in Schlumberger by 1.0% during the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 25,410 shares of the oil and gas company’s stock worth $1,010,000 after acquiring an additional 262 shares in the last quarter. Pendal Group Ltd raised its stake in shares of Schlumberger by 1.5% in the 2nd quarter. Pendal Group Ltd now owns 18,636 shares of the oil and gas company’s stock valued at $703,000 after purchasing an additional 269 shares during the period. Artemis Investment Management LLP raised its stake in shares of Schlumberger by 4.9% in the 2nd quarter. Artemis Investment Management LLP now owns 6,260 shares of the oil and gas company’s stock valued at $248,000 after purchasing an additional 293 shares during the period. Glassman Wealth Services raised its stake in shares of Schlumberger by 6.0% in the 2nd quarter. Glassman Wealth Services now owns 5,177 shares of the oil and gas company’s stock valued at $206,000 after purchasing an additional 295 shares during the period. Finally, Trust Co. of Vermont raised its stake in shares of Schlumberger by 1.3% in the 3rd quarter. Trust Co. of Vermont now owns 23,037 shares of the oil and gas company’s stock valued at $787,000 after purchasing an additional 296 shares during the period. Institutional investors and hedge funds own 76.31% of the company’s stock.

A number of equities research analysts recently weighed in on the company. Wells Fargo & Co dropped their price target on Schlumberger from $44.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Cowen dropped their price target on Schlumberger from $47.00 to $45.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Bank of America set a $43.00 price objective on Schlumberger and gave the company a “buy” rating in a research report on Monday, October 21st. ValuEngine upgraded Schlumberger from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley set a $50.00 price objective on Schlumberger and gave the company a “buy” rating in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the stock. Schlumberger has a consensus rating of “Buy” and an average target price of $44.82.

Schlumberger Company Profile

Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.

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

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