Pillar Pacific Capital Management LLC lifted its holdings in Schlumberger Limited. (NYSE:SLB) by 7.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 68,072 shares of the oil and gas company’s stock after purchasing an additional 4,570 shares during the quarter. Pillar Pacific Capital Management LLC’s holdings in Schlumberger were worth $2,326,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Gabelli Funds LLC raised its stake in shares of Schlumberger by 25.0% during the 3rd quarter. Gabelli Funds LLC now owns 614,781 shares of the oil and gas company’s stock worth $21,007,000 after purchasing an additional 123,000 shares in the last quarter. Mackay Shields LLC raised its stake in Schlumberger by 57.8% in the 3rd quarter. Mackay Shields LLC now owns 423,697 shares of the oil and gas company’s stock valued at $14,477,000 after acquiring an additional 155,120 shares during the period. Gamco Investors INC. ET AL raised its stake in Schlumberger by 181.4% in the 3rd quarter. Gamco Investors INC. ET AL now owns 205,013 shares of the oil and gas company’s stock valued at $7,005,000 after acquiring an additional 132,170 shares during the period. Girard Partners LTD. raised its stake in Schlumberger by 3.8% in the 3rd quarter. Girard Partners LTD. now owns 65,339 shares of the oil and gas company’s stock valued at $2,232,000 after acquiring an additional 2,398 shares during the period. Finally, IFM Investors Pty Ltd raised its stake in Schlumberger by 52.1% in the 3rd quarter. IFM Investors Pty Ltd now owns 151,403 shares of the oil and gas company’s stock valued at $5,173,000 after acquiring an additional 51,871 shares during the period. Institutional investors and hedge funds own 76.52% of the company’s stock.
In other Schlumberger news, VP Simon Farrant sold 5,000 shares of the stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $33.55, for a total value of $167,750.00. Following the completion of the transaction, the vice president now directly owns 20,316 shares in the company, valued at $681,601.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.48% of the company’s stock.
Shares of SLB traded up $1.00 during trading hours on Thursday, hitting $36.56. 1,693,011 shares of the company were exchanged, compared to its average volume of 13,595,723. The company has a market cap of $50.17 billion, a price-to-earnings ratio of 22.57, a P/E/G ratio of 3.40 and a beta of 1.49. Schlumberger Limited. has a fifty-two week low of $30.65 and a fifty-two week high of $52.94. The company has a quick ratio of 0.95, a current ratio of 1.29 and a debt-to-equity ratio of 0.67. The firm’s fifty day moving average is $34.03 and its 200 day moving average is $36.77.
Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, October 18th. The oil and gas company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.03. The business 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%. Schlumberger’s revenue was up .4% compared to the same quarter last year. During the same period last year, the firm posted $0.46 earnings per share. Analysts anticipate that Schlumberger Limited. will post 1.47 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Wednesday, December 4th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.47%. The ex-dividend date of this dividend is Tuesday, December 3rd. Schlumberger’s dividend payout ratio (DPR) is presently 123.46%.
SLB has been the topic of a number of research analyst reports. TheStreet cut Schlumberger from a “c” rating to a “d+” rating in a research note on Friday, October 18th. Royal Bank of Canada set a $40.00 price target on Schlumberger and gave the company a “buy” rating in a research note on Monday, October 21st. Citigroup dropped their price target on Schlumberger from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. Wells Fargo & Co dropped their price target on Schlumberger from $44.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Finally, Cowen decreased their price objective on Schlumberger from $47.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $44.82.
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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