Integre Asset Management LLC cut its position in Schlumberger Limited. (NYSE:SLB) by 3.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 50,637 shares of the oil and gas company’s stock after selling 1,592 shares during the period. Schlumberger Limited. makes up about 1.4% of Integre Asset Management LLC’s portfolio, making the stock its 27th largest position. Integre Asset Management LLC’s holdings in Schlumberger Limited. were worth $4,251,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of SLB. State Street Corp boosted its stake in Schlumberger Limited. by 4.0% in the fourth quarter. State Street Corp now owns 71,630,356 shares of the oil and gas company’s stock worth $6,015,125,000 after buying an additional 2,755,140 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Schlumberger Limited. by 0.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 36,026,336 shares of the oil and gas company’s stock worth $2,833,111,000 after buying an additional 118,380 shares in the last quarter. BlackRock Fund Advisors boosted its stake in Schlumberger Limited. by 2.7% in the third quarter. BlackRock Fund Advisors now owns 20,014,573 shares of the oil and gas company’s stock worth $1,573,946,000 after buying an additional 535,156 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Schlumberger Limited. by 7.5% in the third quarter. Ameriprise Financial Inc. now owns 9,181,556 shares of the oil and gas company’s stock worth $722,382,000 after buying an additional 642,178 shares in the last quarter. Finally, State Farm Mutual Automobile Insurance Co. boosted its stake in Schlumberger Limited. by 1.8% in the third quarter. State Farm Mutual Automobile Insurance Co. now owns 7,037,969 shares of the oil and gas company’s stock worth $553,466,000 after buying an additional 122,830 shares in the last quarter. 78.66% of the stock is owned by institutional investors and hedge funds.
Shares of Schlumberger Limited. (NYSE:SLB) traded down 2.18% on Friday, hitting $74.84. 14,539,686 shares of the stock traded hands. The firm’s market cap is $104.14 billion. Schlumberger Limited. has a 52 week low of $72.00 and a 52 week high of $87.84. The stock has a 50-day moving average price of $78.43 and a 200 day moving average price of $81.49. Schlumberger Limited. also was the recipient of some unusual options trading activity on Friday. Stock traders acquired 2,048 call options on the stock. This is an increase of 398% compared to the typical volume of 411 call options.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Thursday, June 1st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.67%. Schlumberger Limited.’s dividend payout ratio is currently -169.49%.
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A number of research analysts have commented on SLB shares. Jefferies Group LLC reiterated a “buy” rating and issued a $99.00 price objective on shares of Schlumberger Limited. in a research report on Thursday, April 6th. SunTrust Banks, Inc. assumed coverage on Schlumberger Limited. in a research report on Wednesday, January 18th. They issued a “hold” rating and a $92.00 price target on the stock. Evercore ISI restated a “buy” rating and issued a $99.00 price target on shares of Schlumberger Limited. in a research report on Tuesday, January 31st. FBR & Co raised their price target on Schlumberger Limited. from $105.00 to $107.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 22nd. Finally, Zacks Investment Research lowered Schlumberger Limited. from a “hold” rating to a “sell” rating in a report on Tuesday, January 31st. Five analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. Schlumberger Limited. currently has a consensus rating of “Buy” and an average price target of $95.83.
In other Schlumberger Limited. news, Director Tore I. Sandvold sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $81.54, for a total transaction of $407,700.00. Following the completion of the sale, the director now directly owns 7,750 shares of the company’s stock, valued at $631,935. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.36% of the stock is currently owned by corporate insiders.
About Schlumberger Limited.
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.
