Schlumberger Limited. Sees Unusually Large Options Volume (SLB)
Schlumberger Limited. (NYSE:SLB) saw some unusual options trading activity on Thursday. Investors bought 1,220 call options on the stock. This is an increase of 119% compared to the average volume of 558 call options.
Shares of Schlumberger Limited. (NYSE:SLB) traded down 1.843% during midday trading on Thursday, reaching $70.045. 4,044,507 shares of the company’s stock were exchanged. The company’s 50-day moving average is $74.12 and its 200-day moving average is $80.11. The stock’s market cap is $97.33 billion. Schlumberger Limited. has a one year low of $69.65 and a one year high of $87.84.
Schlumberger Limited. (NYSE:SLB) last announced its earnings results on Friday, April 21st. The oil and gas company reported $0.25 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. The business had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.98 billion. Schlumberger Limited. had a positive return on equity of 3.81% and a negative net margin of 6.07%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 EPS. Equities analysts expect that Schlumberger Limited. will post $1.49 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Thursday, June 1st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Tuesday, May 30th. Schlumberger Limited.’s payout ratio is -169.49%.
In related news, Director Tore I. Sandvold sold 5,000 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $81.54, for a total transaction of $407,700.00. Following the sale, the director now directly owns 7,750 shares of the company’s stock, valued at approximately $631,935. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.36% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. SRS Capital Advisors Inc. acquired a new position in shares of Schlumberger Limited. during the fourth quarter valued at $101,000. Tradewinds Capital Management LLC increased its position in shares of Schlumberger Limited. by 29.8% in the first quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 307 shares during the last quarter. Rocky Mountain Advisers LLC increased its position in shares of Schlumberger Limited. by 9,507.1% in the fourth quarter. Rocky Mountain Advisers LLC now owns 1,345 shares of the oil and gas company’s stock valued at $113,000 after buying an additional 1,331 shares during the last quarter. American Research & Management Co. increased its position in shares of Schlumberger Limited. by 8.5% in the first quarter. American Research & Management Co. now owns 1,356 shares of the oil and gas company’s stock valued at $106,000 after buying an additional 106 shares during the last quarter. Finally, Cable Hill Partners LLC increased its position in shares of Schlumberger Limited. by 28.3% in the third quarter. Cable Hill Partners LLC now owns 1,411 shares of the oil and gas company’s stock valued at $115,000 after buying an additional 311 shares during the last quarter. 78.66% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently commented on SLB. Zacks Investment Research downgraded shares of Schlumberger Limited. from a “hold” rating to a “sell” rating in a research report on Wednesday, January 25th. Stephens restated an “overweight” rating and set a $89.00 target price on shares of Schlumberger Limited. in a research note on Monday, March 27th. Jefferies Group LLC restated an “equal weight” rating on shares of Schlumberger Limited. in a research note on Friday, April 14th. Cowen and Company restated an “outperform” rating and set a $99.00 target price on shares of Schlumberger Limited. in a research note on Tuesday, April 25th. Finally, Vetr upgraded shares of Schlumberger Limited. from a “buy” rating to a “strong-buy” rating and set a $91.00 target price on the stock in a research note on Thursday, April 20th. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. Schlumberger Limited. has a consensus rating of “Buy” and a consensus target price of $94.00.
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Schlumberger Limited. Company Profile
Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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