Green Square Capital LLC Increases Holdings in Schlumberger (SLB)

Green Square Capital LLC boosted its holdings in shares of Schlumberger (NYSE:SLB) by 144.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,998 shares of the oil and gas company’s stock after acquiring an additional 7,096 shares during the quarter. Green Square Capital LLC’s holdings in Schlumberger were worth $815,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SLB. Randolph Co Inc acquired a new stake in shares of Schlumberger during the 4th quarter valued at about $10,771,000. First Eagle Investment Management LLC lifted its holdings in Schlumberger by 8.6% in the 3rd quarter. First Eagle Investment Management LLC now owns 17,406,016 shares of the oil and gas company’s stock worth $1,214,244,000 after purchasing an additional 1,380,252 shares during the last quarter. Twin Tree Management LP lifted its holdings in Schlumberger by 135.8% in the 4th quarter. Twin Tree Management LP now owns 51,268 shares of the oil and gas company’s stock worth $3,455,000 after purchasing an additional 194,616 shares during the last quarter. Lake Street Advisors Group LLC acquired a new stake in Schlumberger in the 4th quarter worth approximately $848,000. Finally, Comerica Bank lifted its holdings in Schlumberger by 2.4% in the 3rd quarter. Comerica Bank now owns 644,269 shares of the oil and gas company’s stock worth $41,303,000 after purchasing an additional 15,155 shares during the last quarter. Hedge funds and other institutional investors own 80.53% of the company’s stock.

In other news, CEO Paal Kibsgaard acquired 10,000 shares of the stock in a transaction dated Monday, March 26th. The shares were acquired at an average cost of $64.68 per share, for a total transaction of $646,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Patrick Schorn acquired 5,000 shares of the stock in a transaction dated Monday, March 26th. The shares were purchased at an average price of $64.79 per share, for a total transaction of $323,950.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 18,000 shares of company stock worth $1,163,650. 0.48% of the stock is currently owned by company insiders.

Several equities research analysts recently weighed in on the company. Barclays set a $70.00 target price on Schlumberger and gave the stock a “hold” rating in a report on Saturday, March 24th. Piper Jaffray boosted their target price on Schlumberger from $74.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, January 19th. Cowen restated a “buy” rating and issued a $81.00 target price on shares of Schlumberger in a report on Thursday, March 15th. Zacks Investment Research lowered Schlumberger from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $85.00 target price on shares of Schlumberger in a report on Sunday, January 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. Schlumberger has a consensus rating of “Buy” and a consensus price target of $79.80.

SLB opened at $73.11 on Thursday. The company has a market cap of $99.18 billion, a PE ratio of 48.74, a PEG ratio of 5.78 and a beta of 1.05. The company has a current ratio of 1.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.36. Schlumberger has a 1 year low of $71.60 and a 1 year high of $72.42.

Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, April 20th. The oil and gas company reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. The business had revenue of $7.83 billion for the quarter, compared to analysts’ expectations of $7.79 billion. Schlumberger had a positive return on equity of 5.85% and a negative net margin of 4.01%. Schlumberger’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 earnings per share. research analysts predict that Schlumberger will post 2.06 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Wednesday, June 6th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Tuesday, June 5th. Schlumberger’s dividend payout ratio is presently 133.33%.

Schlumberger Company Profile

Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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