Schlumberger Limited. VP Gerard Martellozo Unloads 12,000 Shares (SLB)
Schlumberger Limited. (NYSE:SLB) VP Gerard Martellozo sold 12,000 shares of the stock on the open market in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $110.60, for a total value of $1,327,200.00. Following the completion of the transaction, the vice president now directly owns 18,000 shares of the company’s stock, valued at approximately $1,990,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on SLB. 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 investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $126.96.
Shares of Schlumberger Limited. (NYSE:SLB) traded down 0.79% on Thursday, hitting $110.16. The stock had a trading volume of 3,515,954 shares. Schlumberger Limited. has a one year low of $80.68 and a one year high of $118.76. The stock has a 50-day moving average of $110. and a 200-day moving average of $102.. The company has a market cap of $142.8 billion and a price-to-earnings ratio of 22.36.
Schlumberger Limited. (NYSE:SLB) last announced its earnings results 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 $5.70 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 10th. Shareholders 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 of this dividend is Friday, August 29th.
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.