Page Arthur B reduced its holdings in Schlumberger Limited. (NYSE:SLB) by 5.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,343 shares of the oil and gas company’s stock after selling 1,890 shares during the quarter. Schlumberger accounts for about 2.1% of Page Arthur B’s investment portfolio, making the stock its 23rd largest position. Page Arthur B’s holdings in Schlumberger were worth $2,395,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Schlumberger by 2.9% during the 2nd 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 acquiring an additional 2,790,227 shares during the period. Dodge & Cox boosted its holdings in Schlumberger by 12.8% during the 2nd quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock valued at $3,178,193,000 after acquiring an additional 5,494,165 shares during the period. Northern Trust Corp boosted its holdings in Schlumberger by 2.9% during the 2nd 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 acquiring an additional 536,928 shares during the period. Northern Cross LLC boosted its holdings in Schlumberger by 3.8% during the 2nd quarter. Northern Cross LLC now owns 16,896,879 shares of the oil and gas company’s stock valued at $1,112,491,000 after acquiring an additional 620,270 shares during the period. Finally, Capital Research Global Investors boosted its holdings in Schlumberger by 13.8% during the 2nd quarter. Capital Research Global Investors now owns 16,460,016 shares of the oil and gas company’s stock valued at $1,083,727,000 after acquiring an additional 1,993,829 shares during the period. Institutional investors and hedge funds own 79.31% of the company’s stock.
Schlumberger Limited. (NYSE:SLB) opened at $77.97 on Friday. Schlumberger Limited. has a 52-week low of $61.02 and a 52-week high of $87.84. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.53. The firm has a market capitalization of $108,010.00, a P/E ratio of 199.92, a P/E/G ratio of 1.53 and a beta of 1.01.
Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, October 20th. The oil and gas company reported $0.42 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.42. Schlumberger had a return on equity of 4.42% and a net margin of 1.86%. The company had revenue of $7.91 billion during the quarter, compared to analyst estimates of $7.91 billion. During the same quarter last year, the company earned $0.25 EPS. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. equities analysts forecast that Schlumberger Limited. will post 1.46 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Wednesday, December 6th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, December 5th. This represents a $2.00 annualized dividend and a yield of 2.57%. Schlumberger’s dividend payout ratio is 512.82%.
In other Schlumberger news, Director Tore I. Sandvold sold 3,500 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total transaction of $219,205.00. Following the sale, the director now directly owns 1,500 shares in the company, valued at approximately $93,945. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.38% of the company’s stock.
Several brokerages recently weighed in on SLB. Cowen set a $85.00 target price on Schlumberger and gave the company a “buy” rating in a report on Thursday. B. Riley set a $80.00 target price on Schlumberger and gave the company a “buy” rating in a report on Wednesday, January 3rd. Jefferies Group set a $78.00 target price on Schlumberger and gave the company a “buy” rating in a report on Thursday, January 4th. Citigroup increased their price objective on Schlumberger from $77.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, October 5th. Finally, Royal Bank of Canada set a $86.00 price objective on Schlumberger and gave the stock a “buy” rating in a report on Saturday, October 7th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. Schlumberger presently has a consensus rating of “Buy” and a consensus target price of $79.56.
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Schlumberger 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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