Investors Buy Large Volume of Call Options on Schlumberger N.V. (SLB)
Schlumberger N.V. (NYSE:SLB) saw unusually large options trading on Friday. Stock traders acquired 6,824 call options on the company. This represents an increase of approximately 137% compared to the average daily volume of 2,885 call options.
A number of research firms recently commented on SLB. UBS AG set a $90.00 price objective on Schlumberger N.V. and gave the company a “buy” rating in a report on Friday, June 16th. Jefferies Group LLC reiterated a “buy” rating and issued a $80.00 price objective (down previously from $92.00) on shares of Schlumberger N.V. in a report on Monday, July 24th. Credit Suisse Group set a $78.00 price objective on Schlumberger N.V. and gave the company a “buy” rating in a report on Monday, July 24th. Zacks Investment Research downgraded Schlumberger N.V. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, BidaskClub upgraded Schlumberger N.V. from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $86.21.
Schlumberger N.V. (SLB) opened at 63.88 on Monday. Schlumberger N.V. has a 12 month low of $62.56 and a 12 month high of $87.84. The company’s 50-day moving average price is $65.77 and its 200 day moving average price is $72.24. The firm has a market capitalization of $88.44 billion, a PE ratio of 502.99 and a beta of 1.02.
Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The company had revenue of $7.46 billion during the quarter, compared to the consensus estimate of $7.25 billion. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 earnings per share. On average, equities research analysts predict that Schlumberger N.V. will post $1.51 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 6th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.13%. The ex-dividend date is Friday, September 1st. Schlumberger N.V.’s dividend payout ratio is currently 1,538.58%.
In other news, President Aaron Gatt Floridia sold 40,000 shares of the business’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $69.17, for a total transaction of $2,766,800.00. Following the completion of the sale, the president now owns 96,175 shares in the company, valued at $6,652,424.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael E. Marks bought 8,000 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were purchased at an average price of $64.20 per share, with a total value of $513,600.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 14,425 shares of company stock valued at $950,782. 0.38% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of SLB. Vanguard Group Inc. boosted its stake in shares of Schlumberger N.V. by 2.9% in the second quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock valued at $6,519,670,000 after buying an additional 2,790,227 shares in the last quarter. State Street Corp boosted its stake in shares of Schlumberger N.V. by 1.1% in the first quarter. State Street Corp now owns 72,400,230 shares of the oil and gas company’s stock valued at $5,655,994,000 after buying an additional 769,874 shares in the last quarter. Dodge & Cox boosted its stake in shares of Schlumberger N.V. by 12.8% in the second quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock valued at $3,178,193,000 after buying an additional 5,494,165 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Schlumberger N.V. by 1.8% in the first quarter. Bank of New York Mellon Corp now owns 26,666,760 shares of the oil and gas company’s stock valued at $2,082,673,000 after buying an additional 477,006 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Schlumberger N.V. by 2.9% in the second quarter. Northern Trust Corp now owns 18,762,468 shares of the oil and gas company’s stock valued at $1,235,321,000 after buying an additional 536,928 shares in the last quarter. Institutional investors own 78.98% of the company’s stock.
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About Schlumberger N.V.
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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