Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Schlumberger Limited. (NYSE:SLB) by 3.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 355,915 shares of the oil and gas company’s stock after acquiring an additional 13,477 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Schlumberger were worth $24,829,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in SLB. Valley National Advisers Inc. lifted its holdings in Schlumberger by 0.3% in the 2nd quarter. Valley National Advisers Inc. now owns 2,594 shares of the oil and gas company’s stock valued at $171,000 after purchasing an additional 8 shares in the last quarter. Family Legacy Inc. raised its holdings in shares of Schlumberger by 0.9% during the 2nd quarter. Family Legacy Inc. now owns 3,372 shares of the oil and gas company’s stock worth $222,000 after acquiring an additional 30 shares during the period. Frontier Wealth Management LLC raised its holdings in shares of Schlumberger by 0.4% during the 2nd quarter. Frontier Wealth Management LLC now owns 8,229 shares of the oil and gas company’s stock worth $542,000 after acquiring an additional 35 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its holdings in shares of Schlumberger by 0.3% during the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,886 shares of the oil and gas company’s stock worth $848,000 after acquiring an additional 36 shares during the period. Finally, Glassman Wealth Services raised its holdings in shares of Schlumberger by 0.8% during the 2nd quarter. Glassman Wealth Services now owns 5,276 shares of the oil and gas company’s stock worth $347,000 after acquiring an additional 44 shares during the period. 79.30% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Howard Guild sold 25,000 shares of the company’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $78.26, for a total transaction of $1,956,500.00. Following the transaction, the insider now owns 22,410 shares of the company’s stock, valued at $1,753,806.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Simon Ayat sold 75,000 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $78.86, for a total value of $5,914,500.00. Following the transaction, the chief financial officer now directly owns 138,827 shares in the company, valued at approximately $10,947,897.22. The disclosure for this sale can be found here. 0.38% of the stock is owned by corporate insiders.
Several research analysts have recently commented on the company. Atlantic Securities upgraded Schlumberger from a “neutral” rating to an “overweight” rating in a report on Monday, January 22nd. Susquehanna Bancshares set a $88.00 price target on Schlumberger and gave the stock a “buy” rating in a report on Monday, January 22nd. Loop Capital reduced their price target on Schlumberger from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. UBS Group set a $95.00 price objective on Schlumberger and gave the stock a “buy” rating in a research report on Monday, January 22nd. Finally, Barclays set a $75.00 price objective on Schlumberger and gave the stock a “hold” rating in a research report on Tuesday, January 23rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. Schlumberger has a consensus rating of “Buy” and a consensus price target of $82.29.
Shares of Schlumberger Limited. (SLB) traded down $2.21 during midday trading on Friday, reaching $65.19. The company’s stock had a trading volume of 19,566,716 shares, compared to its average volume of 9,940,000. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 1.21. Schlumberger Limited. has a one year low of $61.02 and a one year high of $82.71. The stock has a market capitalization of $90,310.00, a PE ratio of -59.81, a P/E/G ratio of 4.96 and a beta of 0.98.
Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.04. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The company had revenue of $8.18 billion during the quarter, compared to analysts’ expectations of $8.12 billion. During the same quarter in the previous year, the business earned $0.27 earnings per share. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. equities analysts predict that Schlumberger Limited. will post 2.19 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Wednesday, February 7th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Tuesday, February 6th. Schlumberger’s dividend payout ratio (DPR) is presently -183.49%.
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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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