Schlumberger Limited. (NYSE:SLB) Director Mark Danton sold 2,294 shares of the company’s stock in a transaction that occurred on Monday, January 25th. The stock was sold at an average price of $65.92, for a total value of $151,220.48. Following the sale, the director now owns 36,940 shares in the company, valued at approximately $2,435,084.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

SLB has been the topic of a number of analyst reports. Zacks Investment Research upgraded Schlumberger Limited. from a “strong sell” rating to a “hold” rating in a research note on Monday, December 7th. Morgan Stanley reiterated a “buy” rating on shares of Schlumberger Limited. in a research note on Friday, October 16th. William Blair upgraded Schlumberger Limited. from a “market perform” rating to an “outperform” rating in a research note on Friday, December 18th. Stephens upped their price objective on Schlumberger Limited. from $92.00 to $94.00 in a research note on Monday, November 2nd. Finally, Citigroup Inc. reiterated a “buy” rating and set a $81.00 price objective on shares of Schlumberger Limited. in a research note on Monday, October 5th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $90.28.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 8th. Investors of record on Wednesday, February 17th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, February 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.16%.

Schlumberger Limited. (NYSE:SLB) traded down 2.91% during trading on Monday, reaching $63.30. The company’s stock had a trading volume of 13,865,329 shares. The company has a market cap of $79.50 billion and a PE ratio of 38.83. Schlumberger Limited. has a 52-week low of $59.60 and a 52-week high of $95.13. The stock has a 50-day moving average price of $67.86 and a 200 day moving average price of $75.39.

Schlumberger Limited. (NYSE:SLB) last issued its earnings results on Thursday, January 21st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The firm earned $7.74 billion during the quarter, compared to the consensus estimate of $7.94 billion. During the same quarter in the previous year, the firm earned $1.50 earnings per share. The business’s quarterly revenue was down 38.7% compared to the same quarter last year. On average, analysts expect that Schlumberger Limited. will post $2.35 EPS for the current year.

Other hedge funds recently added to or reduced their stakes in the company. Edge Wealth Management raised its stake in Schlumberger Limited. by 714.3% in the fourth quarter. Edge Wealth Management now owns 570 shares of the company’s stock worth $40,000 after buying an additional 500 shares during the last quarter. Gerstein Fisher raised its stake in Schlumberger Limited. by 12.8% in the third quarter. Gerstein Fisher now owns 7,881 shares of the company’s stock worth $544,000 after buying an additional 896 shares during the last quarter. Baker Avenue Asset Management raised its stake in Schlumberger Limited. by 3.1% in the third quarter. Baker Avenue Asset Management now owns 39,042 shares of the company’s stock worth $2,693,000 after buying an additional 1,180 shares during the last quarter. Wellcome Trust raised its stake in Schlumberger Limited. by 2.4% in the fourth quarter. Wellcome Trust now owns 2,100,000 shares of the company’s stock worth $146,475,000 after buying an additional 50,000 shares during the last quarter. Finally, TrimTabs Asset Management bought a new stake in Schlumberger Limited. during the third quarter worth about $1,899,000.

Schlumberger N.V. is a supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry. The Company operates in the oilfield service markets through three Groups, which include Reservoir Characterization Group, which consists of the principal technologies involved in finding and defining hydrocarbon resources; Drilling Group, which consists of the principal technologies involved in the drilling and positioning of oil and gas wells, and Production Group, which consists of the principal technologies involved in the lifetime production of oil and gas reservoirs and includes Well Services, Completions, Artificial Lift, Well Intervention, Water Services and the Schlumberger Production Management field production projects.

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