Middleton & Co Inc MA grew its holdings in Schlumberger Limited. (NYSE:SLB) by 23.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 103,024 shares of the oil and gas company’s stock after purchasing an additional 19,346 shares during the period. Schlumberger makes up 1.3% of Middleton & Co Inc MA’s investment portfolio, making the stock its 27th largest position. Middleton & Co Inc MA’s holdings in Schlumberger were worth $7,187,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Valley National Advisers Inc. lifted its stake in shares of 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 last quarter. Family Legacy Inc. lifted its stake in shares of Schlumberger by 0.9% in the 2nd quarter. Family Legacy Inc. now owns 3,372 shares of the oil and gas company’s stock valued at $222,000 after purchasing an additional 30 shares during the last quarter. Frontier Wealth Management LLC lifted its stake in shares of Schlumberger by 0.4% in the 2nd quarter. Frontier Wealth Management LLC now owns 8,229 shares of the oil and gas company’s stock valued at $542,000 after purchasing an additional 35 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in shares of Schlumberger by 0.3% in the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,886 shares of the oil and gas company’s stock valued at $848,000 after purchasing an additional 36 shares during the last quarter. Finally, Glassman Wealth Services lifted its stake in shares of Schlumberger by 0.8% in the 2nd quarter. Glassman Wealth Services now owns 5,276 shares of the oil and gas company’s stock valued at $347,000 after purchasing an additional 44 shares during the last quarter. 79.30% of the stock is currently owned by institutional investors and hedge funds.
Shares of Schlumberger Limited. (SLB) opened at $73.10 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40. Schlumberger Limited. has a 1-year low of $61.02 and a 1-year high of $87.84. The firm has a market capitalization of $101,260.00, a PE ratio of 187.44, a price-to-earnings-growth ratio of 1.46 and a beta of 1.01.
Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. Schlumberger had a return on equity of 4.42% and a net margin of 1.86%. The company had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $7.91 billion. During the same quarter in the prior year, the business earned $0.25 EPS. Schlumberger’s revenue was up 12.6% on a year-over-year basis. equities analysts expect that Schlumberger Limited. will post 1.47 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Wednesday, December 6th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 5th. This represents a $2.00 annualized dividend and a yield of 2.74%. Schlumberger’s dividend payout ratio (DPR) is 512.82%.
In other Schlumberger news, Director Tore I. Sandvold sold 3,500 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total transaction of $219,205.00. Following the sale, the director now owns 1,500 shares in the company, valued at approximately $93,945. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.38% of the stock is owned by corporate insiders.
Several equities analysts have recently commented on the company. ValuEngine lowered Schlumberger from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Jefferies Group set a $78.00 price objective on Schlumberger and gave the company a “buy” rating in a report on Thursday. Loop Capital cut their price objective on Schlumberger from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. Royal Bank of Canada set a $86.00 price objective on Schlumberger and gave the company a “buy” rating in a report on Saturday, October 7th. Finally, SunTrust Banks reiterated a “hold” rating on shares of Schlumberger in a report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. Schlumberger currently has a consensus rating of “Buy” and an average price target of $79.37.
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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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