Schlumberger Limited. EVP Ashok Belani Unloads 230,032 Shares (SLB)
Schlumberger Limited. (NYSE:SLB) EVP Ashok Belani sold 230,032 shares of the company’s stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $117.49, for a total transaction of $27,026,459.68. Following the completion of the transaction, the executive vice president now directly owns 37,031 shares of the company’s stock, valued at approximately $4,350,772. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Schlumberger Limited. (NYSE:SLB) traded down 0.36% during mid-day trading on Wednesday, hitting $117.43. 3,359,463 shares of the company’s stock traded hands. Schlumberger Limited. has a 1-year low of $71.84 and a 1-year high of $118.76. The stock’s 50-day moving average is $105.9 and its 200-day moving average is $96.29. The company has a market cap of $152.9 billion and a price-to-earnings ratio of 22.15.
Schlumberger Limited. (NYSE:SLB) last issued its quarterly earnings data on Thursday, April 17th. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.20 by $0.01. The company had revenue of $11.24 billion for the quarter, compared to the consensus estimate of $11.49 billion. During the same quarter in the prior year, the company posted $1.01 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. On average, analysts predict that Schlumberger Limited. will post $5.69 earnings per share for the current fiscal year.
A number of research firms have recently commented on SLB. Analysts at Argus raised their price target on shares of Schlumberger Limited. from $121.00 to $150.00 in a research note on Friday, June 27th. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Schlumberger Limited. in a research note on Friday, June 27th. They now have a $137.00 price target on the stock, up previously from $120.00. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Schlumberger Limited. in a research note on Thursday, June 26th. They now have a $168.00 price target on the stock, up previously from $115.00. Four research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $121.64.
Schlumberger N.V. (NYSE:SLB) is the supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry.
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