Northern Oak Wealth Management Inc. grew its position in shares of Schlumberger Limited. (NYSE:SLB) by 6.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,744 shares of the oil and gas company’s stock after acquiring an additional 4,161 shares during the quarter. Northern Oak Wealth Management Inc.’s holdings in Schlumberger were worth $4,796,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in SLB. Comprehensive Portfolio Management LLC purchased a new stake in shares of Schlumberger in the second quarter worth about $885,000. Meyer Handelman Co. boosted its position in shares of Schlumberger by 12.3% in the third quarter. Meyer Handelman Co. now owns 232,113 shares of the oil and gas company’s stock worth $16,193,000 after buying an additional 25,494 shares during the period. WFG Advisors LP boosted its position in shares of Schlumberger by 51.5% in the second quarter. WFG Advisors LP now owns 11,332 shares of the oil and gas company’s stock worth $746,000 after buying an additional 3,853 shares during the period. Denver Investment Advisors LLC boosted its position in shares of Schlumberger by 5.8% in the second quarter. Denver Investment Advisors LLC now owns 160,191 shares of the oil and gas company’s stock worth $10,547,000 after buying an additional 8,817 shares during the period. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Schlumberger in the second quarter worth about $14,156,000. Institutional investors own 80.69% of the company’s stock.
A number of research analysts recently commented on the company. Zacks Investment Research downgraded Schlumberger from a “hold” rating to a “sell” rating in a report on Monday, February 12th. SunTrust Banks restated a “hold” rating on shares of Schlumberger in a research report on Tuesday, October 31st. Susquehanna Bancshares set a $88.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research report on Monday, January 22nd. Cowen set a $85.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Finally, UBS Group set a $95.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research report on Monday, January 22nd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $81.37.
Shares of Schlumberger Limited. (NYSE SLB) traded up $1.54 during mid-day trading on Friday, hitting $66.50. 7,650,000 shares of the stock traded hands, compared to its average volume of 9,970,000. Schlumberger Limited. has a one year low of $61.02 and a one year high of $82.69. The firm has a market cap of $92,120.00, a price-to-earnings ratio of -58.33, a price-to-earnings-growth ratio of 5.12 and a beta of 0.98. The company has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 0.40.
Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.04. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. The company had revenue of $8.18 billion during the quarter, compared to analyst estimates of $8.12 billion. During the same quarter in the previous year, the business earned $0.27 EPS. The firm’s revenue was up 15.1% on a year-over-year basis. sell-side analysts predict that Schlumberger Limited. will post 2.16 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Wednesday, February 7th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Tuesday, February 6th. Schlumberger’s payout ratio is presently -175.44%.
In related news, CFO Simon Ayat sold 75,000 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $78.86, for a total value of $5,914,500.00. Following the completion of the transaction, the chief financial officer now directly owns 138,827 shares of the company’s stock, valued at approximately $10,947,897.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 completion of the transaction, the insider now directly owns 22,410 shares of the company’s stock, valued at $1,753,806.60. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by corporate insiders.
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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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