Fulcrum Capital LLC purchased a new position in Schlumberger Limited. (NYSE:SLB) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 574 shares of the oil and gas company’s stock, valued at approximately $7,301,000. Schlumberger accounts for approximately 1.6% of Fulcrum Capital LLC’s holdings, making the stock its 17th biggest position.
A number of other large investors have also modified their holdings of SLB. BTC Capital Management Inc. grew its stake in shares of Schlumberger by 3.6% during the 2nd quarter. BTC Capital Management Inc. now owns 88,704 shares of the oil and gas company’s stock worth $3,520,000 after purchasing an additional 3,056 shares during the period. Camarda Financial Advisors LLC lifted its position in shares of Schlumberger by 7.4% during the 2nd quarter. Camarda Financial Advisors LLC now owns 47,628 shares of the oil and gas company’s stock valued at $1,893,000 after buying an additional 3,275 shares in the last quarter. Chesley Taft & Associates LLC lifted its position in shares of Schlumberger by 2.1% during the 2nd quarter. Chesley Taft & Associates LLC now owns 21,500 shares of the oil and gas company’s stock valued at $854,000 after buying an additional 450 shares in the last quarter. Manning & Napier Group LLC lifted its position in shares of Schlumberger by 4.6% during the 2nd quarter. Manning & Napier Group LLC now owns 3,437,572 shares of the oil and gas company’s stock valued at $136,608,000 after buying an additional 152,088 shares in the last quarter. Finally, Johnson Financial Group Inc. lifted its position in shares of Schlumberger by 11.7% during the 2nd quarter. Johnson Financial Group Inc. now owns 4,723 shares of the oil and gas company’s stock valued at $188,000 after buying an additional 496 shares in the last quarter. Institutional investors own 76.52% of the company’s stock.
In other news, VP Simon Farrant sold 5,000 shares of Schlumberger stock in a transaction on Monday, October 21st. The stock was sold at an average price of $33.55, for a total transaction of $167,750.00. Following the transaction, the vice president now owns 20,316 shares in the company, valued at approximately $681,601.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.48% of the stock is owned by insiders.
SLB stock traded up $0.64 during midday trading on Thursday, reaching $36.21. The stock had a trading volume of 4,420,275 shares, compared to its average volume of 13,595,723. The company’s fifty day simple moving average is $34.03 and its 200 day simple moving average is $36.77. The company has a current ratio of 1.29, a quick ratio of 0.95 and a debt-to-equity ratio of 0.67. The company has a market cap of $50.17 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 3.40 and a beta of 1.49. Schlumberger Limited. has a 52-week low of $30.65 and a 52-week high of $52.94.
Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, October 18th. The oil and gas company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The company had revenue of $8.54 billion for the quarter, compared to analyst estimates of $8.50 billion. Schlumberger had a positive return on equity of 6.00% and a negative net margin of 30.22%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 EPS. Sell-side analysts predict that Schlumberger Limited. will post 1.47 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Wednesday, December 4th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.00 annualized dividend and a dividend yield of 5.52%. Schlumberger’s dividend payout ratio is presently 123.46%.
A number of research analysts have recently issued reports on SLB shares. Wells Fargo & Co decreased their target price on Schlumberger from $44.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Cowen decreased their target price on Schlumberger from $47.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Barclays set a $47.00 target price on Schlumberger and gave the company a “buy” rating in a research report on Friday, October 18th. Citigroup decreased their target price on Schlumberger from $44.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. Finally, Royal Bank of Canada set a $40.00 target price on Schlumberger and gave the company a “buy” rating in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $44.82.
Schlumberger Company Profile
Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.
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