1 week Ago By ABMN Staff
Schlumberger ( NYSE:SLB – Free Report ) had its target price trimmed by JPMorgan Chase & Co. from $55.00 to $48.
00 in a research note published on Thursday, Benzinga reports. The brokerage currently has an overweight rating on the oil and gas company’s stock. SLB has been the topic of a number of other research reports.
Stifel Nicolaus dropped their price objective on Schlumberger from $60.00 to $59.00 and set a “buy” rating on the stock in a report on Monday, December 23rd.
Dbs Bank initiated coverage on shares of Schlumberger in a report on Wednesday, September 18th. They set a “buy” rating and a $64.50 price objective on the stock.
Susquehanna decreased their price target on Schlumberger from $60.00 to $56.00 and set a “positive” rating on the stock in a research note on Monday, October 21st.
Piper Sandler began coverage on Schlumberger in a report on Thursday, December 19th. They issued a “neutral” rating and a $47.00 target price on the stock.
Finally, Citigroup cut their price target on Schlumberger from $53.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, December 19th.
Five investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.
09. Read Our Latest Research Report on Schlumberger Schlumberger Stock Performance Schlumberger ( NYSE:SLB – Get Free Report ) last issued its quarterly earnings results on Friday, October 18th. The oil and gas company reported $0.
89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01.
The business had revenue of $9.16 billion for the quarter, compared to analyst estimates of $9.27 billion.
Schlumberger had a net margin of 12.44% and a return on equity of 21.84%.
The business’s revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.
78 earnings per share. On average, sell-side analysts expect that Schlumberger will post 3.39 EPS for the current year.
Schlumberger Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 4th will be issued a $0.275 dividend.
The ex-dividend date is Wednesday, December 4th. This represents a $1.10 annualized dividend and a yield of 2.
86%. Schlumberger’s dividend payout ratio (DPR) is presently 35.37%.
Insider Transactions at Schlumberger In related news, EVP Abdellah Merad sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $41.90, for a total transaction of $2,514,000.
00. Following the completion of the transaction, the executive vice president now owns 211,937 shares of the company’s stock, valued at approximately $8,880,160.30.
This represents a 22.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink .
Insiders own 0.26% of the company’s stock. Institutional Trading of Schlumberger Several institutional investors have recently made changes to their positions in the stock.
ORG Partners LLC lifted its position in Schlumberger by 393.5% during the third quarter. ORG Partners LLC now owns 607 shares of the oil and gas company’s stock valued at $25,000 after buying an additional 484 shares in the last quarter.
Prospera Private Wealth LLC acquired a new stake in shares of Schlumberger in the third quarter valued at about $29,000. Ashton Thomas Securities LLC purchased a new stake in shares of Schlumberger during the 3rd quarter valued at about $37,000. DiNuzzo Private Wealth Inc.
boosted its holdings in Schlumberger by 1,068.3% in the 3rd quarter. DiNuzzo Private Wealth Inc.
now owns 958 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 876 shares during the period. Finally, J. Stern & Co.
LLP purchased a new position in shares of Schlumberger in the third quarter valued at $47,000. 81.99% of the stock is owned by hedge funds and other institutional investors.
About Schlumberger ( Get Free Report ) Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.
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