S&CO Inc. lowered its position in shares of Schlumberger Limited. (NYSE:SLB) by 60.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,401 shares of the oil and gas company’s stock after selling 25,196 shares during the quarter. S&CO Inc.’s holdings in Schlumberger were worth $1,105,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Mosaic Family Wealth LLC raised its holdings in shares of Schlumberger by 164.6% in the 2nd quarter. Mosaic Family Wealth LLC now owns 4,091 shares of the oil and gas company’s stock worth $269,000 after purchasing an additional 2,545 shares in the last quarter. Tocqueville Asset Management L.P. grew its position in Schlumberger by 13.2% in the second quarter. Tocqueville Asset Management L.P. now owns 1,296,523 shares of the oil and gas company’s stock worth $85,363,000 after acquiring an additional 151,638 shares in the last quarter. Federated Investors Inc. PA boosted its holdings in shares of Schlumberger by 8.7% during the 2nd quarter. Federated Investors Inc. PA now owns 61,993 shares of the oil and gas company’s stock worth $4,081,000 after buying an additional 4,963 shares during the period. RiverPoint Capital Management LLC boosted its holdings in Schlumberger by 2.9% in the 2nd quarter. RiverPoint Capital Management LLC now owns 19,215 shares of the oil and gas company’s stock valued at $1,265,000 after purchasing an additional 550 shares during the period. Finally, Valley National Advisers Inc. boosted 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 during the period. Institutional investors own 80.01% of the company’s stock.
In other news, CFO Simon Ayat sold 75,000 shares of the firm’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 completion of the sale, the chief financial officer now owns 138,827 shares of the company’s stock, valued at approximately $10,947,897.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Howard Guild sold 25,000 shares of Schlumberger stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $78.26, for a total value of $1,956,500.00. Following the sale, the insider now directly owns 22,410 shares of the company’s stock, valued at approximately $1,753,806.60. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.
Schlumberger Limited. (NYSE SLB) traded down $0.71 during midday trading on Wednesday, hitting $66.43. The stock had a trading volume of 5,814,150 shares, compared to its average volume of 9,131,237. The company has a market capitalization of $92,420.00, a price-to-earnings ratio of -58.53, a price-to-earnings-growth ratio of 5.25 and a beta of 1.03. 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 1 year low of $61.02 and a 1 year high of $80.89.
Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. The company had revenue of $8.18 billion during the quarter, compared to analyst estimates of $8.12 billion. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The firm’s revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.27 earnings per share. sell-side analysts forecast that Schlumberger Limited. will post 2.16 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Wednesday, February 7th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Tuesday, February 6th. Schlumberger’s payout ratio is -175.44%.
A number of brokerages recently issued reports on SLB. SunTrust Banks increased their target price on shares of Schlumberger from $72.00 to $80.00 and gave the stock a “hold” rating in a research report on Tuesday, January 23rd. Susquehanna Bancshares set a $88.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research note on Monday, January 22nd. Zacks Investment Research downgraded shares of Schlumberger from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Barclays set a $75.00 price objective on shares of Schlumberger and gave the company a “hold” rating in a report on Tuesday, January 23rd. Finally, Loop Capital restated a “buy” rating and set a $82.00 target price (up from $77.00) on shares of Schlumberger in a report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $81.59.
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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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