Rockland Trust Co. reduced its holdings in Schlumberger Limited. (NYSE:SLB) by 52.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 90,143 shares of the oil and gas company’s stock after selling 100,890 shares during the period. Rockland Trust Co.’s holdings in Schlumberger were worth $6,075,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of SLB. Dupont Capital Management Corp grew its holdings in shares of Schlumberger by 9.2% during the 2nd quarter. Dupont Capital Management Corp now owns 291,145 shares of the oil and gas company’s stock worth $19,169,000 after purchasing an additional 24,593 shares in the last quarter. Wrapmanager Inc. grew its holdings in shares of Schlumberger by 19.1% during the 2nd quarter. Wrapmanager Inc. now owns 14,701 shares of the oil and gas company’s stock worth $968,000 after purchasing an additional 2,357 shares in the last quarter. Morningstar Investment Services LLC acquired a new stake in shares of Schlumberger during the 2nd quarter worth approximately $236,000. Denver Investment Advisors LLC grew its holdings in shares of Schlumberger by 5.8% during the 2nd quarter. Denver Investment Advisors LLC now owns 160,191 shares of the oil and gas company’s stock worth $10,547,000 after purchasing an additional 8,817 shares in the last quarter. Finally, State of Wisconsin Investment Board grew its holdings in shares of Schlumberger by 17.2% during the 2nd quarter. State of Wisconsin Investment Board now owns 1,841,675 shares of the oil and gas company’s stock worth $121,256,000 after purchasing an additional 270,700 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors.
Several brokerages have recently weighed in on SLB. SunTrust Banks lifted their price objective on Schlumberger from $72.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday, January 23rd. Susquehanna Bancshares set a $88.00 price objective on Schlumberger and gave the stock a “buy” rating in a report on Monday, January 22nd. Zacks Investment Research lowered Schlumberger from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Barclays set a $75.00 price objective on Schlumberger and gave the stock a “hold” rating in a report on Tuesday, January 23rd. Finally, Loop Capital reissued a “buy” rating and set a $82.00 price objective (up previously from $77.00) on shares of Schlumberger in a report on Monday, January 22nd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. Schlumberger currently has an average rating of “Buy” and an average target price of $81.37.
In other Schlumberger news, CFO Simon Ayat sold 75,000 shares of the business’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 transaction, the chief financial officer now owns 138,827 shares of the company’s stock, valued at $10,947,897.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Howard Guild sold 25,000 shares of the business’s stock in a transaction on 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 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. 0.38% of the stock is currently owned by insiders.
Schlumberger Limited. (NYSE:SLB) opened at $66.50 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.95. The company has a market capitalization of $92,120.00, a price-to-earnings ratio of -58.33, a price-to-earnings-growth ratio of 5.00 and a beta of 0.98. Schlumberger Limited. has a one year low of $61.02 and a one year high of $82.69.
Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. The company had revenue of $8.18 billion for 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 business’s revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 earnings per share. sell-side analysts expect that Schlumberger Limited. will post 2.16 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Wednesday, February 7th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Tuesday, February 6th. Schlumberger’s dividend payout ratio is currently -175.44%.
Schlumberger Company Profile
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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