Wetherby Asset Management Inc. increased its position in Schlumberger Limited. (NYSE:SLB) by 26.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 22,743 shares of the oil and gas company’s stock after purchasing an additional 4,690 shares during the period. Wetherby Asset Management Inc.’s holdings in Schlumberger were worth $821,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. Kempner Capital Management Inc. increased its position in Schlumberger by 0.3% during the fourth quarter. Kempner Capital Management Inc. now owns 96,914 shares of the oil and gas company’s stock valued at $3,497,000 after acquiring an additional 276 shares during the last quarter. Creative Financial Designs Inc. ADV increased its position in Schlumberger by 2.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 11,941 shares of the oil and gas company’s stock valued at $431,000 after acquiring an additional 278 shares during the last quarter. Garde Capital Inc. increased its position in Schlumberger by 3.6% during the third quarter. Garde Capital Inc. now owns 11,201 shares of the oil and gas company’s stock valued at $539,000 after acquiring an additional 390 shares during the last quarter. Evanson Asset Management LLC increased its position in Schlumberger by 3.1% during the fourth quarter. Evanson Asset Management LLC now owns 13,453 shares of the oil and gas company’s stock valued at $485,000 after acquiring an additional 400 shares during the last quarter. Finally, Buckingham Capital Management Inc. increased its position in Schlumberger by 1.7% during the third quarter. Buckingham Capital Management Inc. now owns 33,079 shares of the oil and gas company’s stock valued at $2,015,000 after acquiring an additional 543 shares during the last quarter. 77.07% of the stock is currently owned by institutional investors.
SLB traded up $0.25 during midday trading on Monday, reaching $43.03. The company had a trading volume of 1,756,944 shares, compared to its average volume of 11,997,753. The company has a quick ratio of 0.87, a current ratio of 1.17 and a debt-to-equity ratio of 0.40. The stock has a market cap of $58.83 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 2.31 and a beta of 1.36. Schlumberger Limited. has a 1 year low of $34.99 and a 1 year high of $75.43.
Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, January 18th. The oil and gas company reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. The business had revenue of $8.18 billion during the quarter, compared to analysts’ expectations of $8.10 billion. Schlumberger had a return on equity of 6.12% and a net margin of 6.51%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.48 earnings per share. On average, equities analysts anticipate that Schlumberger Limited. will post 1.59 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Wednesday, February 13th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.65%. The ex-dividend date is Tuesday, February 12th. Schlumberger’s dividend payout ratio is currently 123.46%.
In related news, EVP Peuch Olivier Le sold 15,000 shares of the stock in a transaction dated Tuesday, January 22nd. The stock was sold at an average price of $44.00, for a total transaction of $660,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Patrick Schorn bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, December 20th. The shares were acquired at an average price of $37.55 per share, with a total value of $375,500.00. Following the transaction, the executive vice president now directly owns 35,000 shares of the company’s stock, valued at approximately $1,314,250. The disclosure for this purchase can be found here. Company insiders own 0.48% of the company’s stock.
A number of analysts recently commented on the company. HSBC upgraded Schlumberger from a “hold” rating to a “buy” rating in a research report on Sunday, December 2nd. Credit Suisse Group reduced their price objective on Schlumberger from $82.00 to $71.00 and set an “outperform” rating for the company in a research report on Monday, October 22nd. UBS Group reduced their price objective on Schlumberger from $92.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, October 22nd. Barclays set a $58.00 price objective on Schlumberger and gave the company a “hold” rating in a research report on Monday, December 10th. Finally, Citigroup reduced their price objective on Schlumberger from $57.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, January 4th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Schlumberger has an average rating of “Hold” and an average target price of $66.65.
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.
Further Reading: Liquidity
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