Schlumberger Limited. Director Mark Danton Unloads 7,612 Shares (SLB)
Schlumberger Limited. (NYSE:SLB) Director Mark Danton sold 7,612 shares of the stock on the open market in a transaction dated Monday, August 25th. The stock was sold at an average price of $110.01, for a total transaction of $837,396.12. Following the sale, the director now directly owns 40,059 shares of the company’s stock, valued at approximately $4,406,891. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Schlumberger Limited. (NYSE:SLB) traded up 1.09% on Monday, hitting $110.22. 4,497,387 shares of the company’s stock traded hands. Schlumberger Limited. has a 52 week low of $80.68 and a 52 week high of $118.76. The stock has a 50-day moving average of $111.1 and a 200-day moving average of $102.2. The company has a market cap of $142.9 billion and a price-to-earnings ratio of 21.96.
Schlumberger Limited. (NYSE:SLB) last issued its quarterly earnings data on Thursday, July 17th. The company reported $1.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.36 by $0.01. The company had revenue of $12.05 billion for the quarter, compared to the consensus estimate of $11.94 billion. During the same quarter in the prior year, the company posted $1.15 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Analysts expect that Schlumberger Limited. will post $5.69 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 10th. Stockholders of record on Wednesday, September 3rd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Friday, August 29th.
SLB has been the subject of a number of recent research reports. Analysts at Global Hunter Securities raised their price target on shares of Schlumberger Limited. from $9.00 to $126.00 in a research note on Monday, July 21st. They now have a “buy” rating on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Schlumberger Limited. from $127.00 to $132.00 in a research note on Monday, July 21st. They now have an “outperform” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Schlumberger Limited. in a research note on Monday, July 21st. They now have a $138.00 price target on the stock, up previously from $120.00. Two analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $126.96.
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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