Ostrum Asset Management bought a new stake in shares of Schlumberger Limited. (NYSE:SLB) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 17,581 shares of the oil and gas company’s stock, valued at approximately $1,138,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its stake in Schlumberger by 21,872.1% in the 1st quarter. Fisher Asset Management LLC now owns 5,868,964 shares of the oil and gas company’s stock worth $380,192,000 after purchasing an additional 5,842,253 shares in the last quarter. Franklin Resources Inc. lifted its stake in Schlumberger by 25.6% in the 4th quarter. Franklin Resources Inc. now owns 13,240,530 shares of the oil and gas company’s stock worth $892,278,000 after purchasing an additional 2,696,580 shares in the last quarter. Northern Cross LLC lifted its stake in Schlumberger by 15.3% in the 4th quarter. Northern Cross LLC now owns 19,852,648 shares of the oil and gas company’s stock worth $1,337,870,000 after purchasing an additional 2,637,527 shares in the last quarter. International Value Advisers LLC purchased a new stake in Schlumberger in the 4th quarter worth $146,182,000. Finally, Lazard Asset Management LLC lifted its stake in Schlumberger by 48.2% in the 4th quarter. Lazard Asset Management LLC now owns 6,110,497 shares of the oil and gas company’s stock worth $411,785,000 after purchasing an additional 1,986,126 shares in the last quarter. Institutional investors own 78.42% of the company’s stock.
Shares of Schlumberger opened at $67.03 on Monday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.86 and a current ratio of 1.11. The stock has a market capitalization of $92.83 billion, a price-to-earnings ratio of 44.69, a P/E/G ratio of 5.81 and a beta of 1.05. Schlumberger Limited. has a one year low of $61.02 and a one year high of $80.35.
Schlumberger (NYSE:SLB) last issued its earnings results on Friday, April 20th. The oil and gas company reported $0.38 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.38. The business had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.79 billion. Schlumberger had a negative net margin of 4.01% and a positive return on equity of 5.85%. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 EPS. equities analysts forecast that Schlumberger Limited. will post 1.92 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Wednesday, June 6th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, June 5th. This represents a $2.00 dividend on an annualized basis and a yield of 2.98%. Schlumberger’s dividend payout ratio is currently 133.33%.
A number of analysts have recently weighed in on the stock. Cowen restated a “buy” rating and issued a $81.00 target price on shares of Schlumberger in a report on Thursday, March 15th. Credit Suisse Group set a $80.00 target price on shares of Schlumberger and gave the stock a “buy” rating in a report on Tuesday, June 12th. Wells Fargo & Co boosted their target price on shares of Schlumberger from $76.00 to $82.00 and gave the stock an “outperform” rating in a report on Thursday, May 24th. ValuEngine upgraded shares of Schlumberger from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. Finally, Citigroup reduced their target price on shares of Schlumberger from $79.00 to $78.00 and set a “buy” rating on the stock in a report on Monday, June 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $80.61.
In other Schlumberger news, VP Claudia Jaramillo sold 3,000 shares of the company’s stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $72.68, for a total value of $218,040.00. Following the transaction, the vice president now directly owns 6,162 shares in the company, valued at approximately $447,854.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.48% of the stock is owned by corporate insiders.
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.
Want to see what other hedge funds are holding SLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schlumberger Limited. (NYSE:SLB).
Receive News & Ratings for Schlumberger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger and related companies with MarketBeat.com's FREE daily email newsletter.