Scotiabank reiterated their buy rating on shares of Schlumberger Limited. (NYSE:SLB) in a research note published on Wednesday morning. Scotiabank currently has a $95.00 target price on the oil and gas company’s stock.

Several other brokerages have also recently issued reports on SLB. Vetr raised Schlumberger Limited. from a buy rating to a strong-buy rating and set a $95.37 target price on the stock in a report on Wednesday, December 28th. Jefferies Group LLC raised Schlumberger Limited. from a hold rating to a buy rating and set a $96.00 price objective on the stock in a research note on Thursday, December 1st. Sanford C. Bernstein initiated coverage on Schlumberger Limited. in a research note on Thursday, December 1st. They set a market perform rating and a $92.00 price objective on the stock. Deutsche Bank AG set a $101.00 price objective on Schlumberger Limited. and gave the stock a buy rating in a research note on Monday, January 23rd. Finally, Credit Suisse Group AG boosted their target price on Schlumberger Limited. from $94.00 to $95.00 and gave the company an outperform rating in a research report on Monday, January 23rd. Five research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $95.83.

Schlumberger Limited. (NYSE:SLB) opened at 76.51 on Wednesday. Schlumberger Limited. has a 12 month low of $72.00 and a 12 month high of $87.84. The company’s market cap is $106.46 billion. The company’s 50-day moving average is $78.61 and its 200 day moving average is $81.52.

Schlumberger Limited. (NYSE:SLB) last announced its quarterly earnings data on Friday, January 20th. The oil and gas company reported $0.27 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.27. Schlumberger Limited. had a positive return on equity of 3.81% and a negative net margin of 6.07%. The business had revenue of $7.11 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same period in the previous year, the business earned $0.65 earnings per share. The business’s revenue was down 8.2% on a year-over-year basis. Equities analysts forecast that Schlumberger Limited. will post $1.74 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Thursday, June 1st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.61%. Schlumberger Limited.’s dividend payout ratio is currently -169.49%.

In other 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.36% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Stewart & Patten Co. LLC raised its stake in Schlumberger Limited. by 4.4% in the first quarter. Stewart & Patten Co. LLC now owns 151,917 shares of the oil and gas company’s stock valued at $11,865,000 after buying an additional 6,406 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in Schlumberger Limited. during the first quarter valued at about $239,000. Rothschild Investment Corp IL raised its stake in Schlumberger Limited. by 9.4% in the first quarter. Rothschild Investment Corp IL now owns 17,518 shares of the oil and gas company’s stock valued at $1,368,000 after buying an additional 1,499 shares during the last quarter. Huntington National Bank raised its stake in Schlumberger Limited. by 0.5% in the first quarter. Huntington National Bank now owns 476,191 shares of the oil and gas company’s stock valued at $37,191,000 after buying an additional 2,562 shares during the last quarter. Finally, City Holding Co. raised its stake in Schlumberger Limited. by 1.1% in the first quarter. City Holding Co. now owns 20,149 shares of the oil and gas company’s stock valued at $1,574,000 after buying an additional 210 shares during the last quarter. 78.66% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:SLB

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