Schlumberger Limited. (NYSE:SLB) has received an “A+” credit rating from analysts at Morningstar. The research firm’s “A+” rating suggests that the company is a low default risk. They also gave their stock a four star rating.

In related news, General Counsel Alexander C. Juden sold 19,000 shares of the company’s stock in a transaction that occurred on Monday, January 25th. The stock was sold at an average price of $65.80, for a total value of $1,250,200.00. Following the completion of the transaction, the general counsel now directly owns 25,564 shares of the company’s stock, valued at $1,682,111.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Howard Guild sold 2,305 shares of the company’s stock in a transaction that occurred on Monday, January 25th. The shares were sold at an average price of $65.86, for a total value of $151,807.30. Following the completion of the transaction, the chief accounting officer now directly owns 16,179 shares of the company’s stock, valued at $1,065,548.94. The disclosure for this sale can be found here.

A number of institutional investors have made changes to their positions in SLB. Janus Capital Management increased its position in shares of Schlumberger Limited. by 14.7% in the third quarter. Janus Capital Management now owns 407,431 shares of the company’s stock worth $28,100,000 after buying an additional 52,229 shares during the period. J. Goldman & Company acquired a new position in shares of Schlumberger Limited. during the third quarter worth about $12,811,000. Baker Avenue Asset Management increased its position in shares of 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 period. TrimTabs Asset Management acquired a new position in shares of Schlumberger Limited. during the third quarter worth about $1,899,000. Finally, Palo Capital increased its position in shares of Schlumberger Limited. by 105.5% in the third quarter. Palo Capital now owns 22,120 shares of the company’s stock worth $1,526,000 after buying an additional 11,355 shares during the period.

A number of other brokerages have also weighed in on SLB. Susquehanna upped their target price on shares of Schlumberger Limited. from $86.00 to $90.00 and gave the stock a “positive” rating in a research report on Tuesday, November 24th. Oppenheimer reiterated a “buy” rating on shares of Schlumberger Limited. in a research report on Friday, January 8th. Seaport Global Securities lowered their price objective on shares of Schlumberger Limited. from $100.00 to $95.00 and set a “buy” rating for the company in a research report on Tuesday, October 20th. KLR Group lowered their price objective on shares of Schlumberger Limited. from $105.00 to $91.00 in a research report on Wednesday. Finally, Vetr upgraded shares of Schlumberger Limited. from a “buy” rating to a “strong-buy” rating and set a $85.56 price objective for the company in a research report on Wednesday, December 2nd. Four analysts have rated the stock with a sell rating, five have given a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $89.40.

Schlumberger Limited. (NYSE:SLB) opened at 65.55 on Thursday. Schlumberger Limited. has a 12-month low of $59.60 and a 12-month high of $95.13. The stock’s 50 day moving average is $67.45 and its 200 day moving average is $75.19. The stock has a market capitalization of $82.33 billion and a price-to-earnings ratio of 40.21.

Schlumberger Limited. (NYSE:SLB) last released its earnings results on Thursday, January 21st. The company reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. The firm had revenue of $7.74 billion for the quarter, compared to analysts’ expectations of $7.94 billion. During the same quarter in the previous year, the company posted $1.50 earnings per share. The firm’s quarterly revenue was down 38.7% on a year-over-year basis. Equities research analysts forecast that Schlumberger Limited. will post $2.16 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 8th. Investors of record on Wednesday, February 17th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Friday, February 12th.

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.

12 Month Chart for NYSE:SLB

To view more credit ratings from Morningstar, visit www.jdoqocy.comclick-7674909-10651170.

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