Exor Investments UK LLP bought a new stake in shares of Schlumberger Limited. (NYSE:SLB) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 2,511,104 shares of the oil and gas company’s stock, valued at approximately $102,130,000. Schlumberger comprises 14.6% of Exor Investments UK LLP’s holdings, making the stock its 3rd biggest position. Exor Investments UK LLP owned 0.18% of Schlumberger as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Ancora Advisors LLC grew its holdings in Schlumberger by 0.7% during the third quarter. Ancora Advisors LLC now owns 35,572 shares of the oil and gas company’s stock worth $1,215,000 after acquiring an additional 255 shares during the period. Trust Co. of Vermont boosted its position in Schlumberger by 1.3% during the 3rd quarter. Trust Co. of Vermont now owns 23,037 shares of the oil and gas company’s stock worth $787,000 after acquiring an additional 296 shares during the period. Cutler Investment Counsel LLC boosted its position in Schlumberger by 0.6% during the 3rd quarter. Cutler Investment Counsel LLC now owns 49,980 shares of the oil and gas company’s stock worth $1,708,000 after acquiring an additional 305 shares during the period. Sigma Investment Counselors Inc. lifted its holdings in shares of Schlumberger by 1.4% during the 4th quarter. Sigma Investment Counselors Inc. now owns 22,774 shares of the oil and gas company’s stock valued at $916,000 after buying an additional 305 shares during the last quarter. Finally, Acima Private Wealth LLC lifted its holdings in shares of Schlumberger by 34.1% during the 3rd quarter. Acima Private Wealth LLC now owns 1,239 shares of the oil and gas company’s stock valued at $42,000 after buying an additional 315 shares during the last quarter. Institutional investors own 76.52% of the company’s stock.
A number of brokerages recently weighed in on SLB. Citigroup raised their price objective on Schlumberger from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Cowen downgraded Schlumberger from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $44.00 to $42.00 in a research note on Tuesday. Stifel Nicolaus boosted their target price on shares of Schlumberger from $45.00 to $47.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Deutsche Bank began coverage on shares of Schlumberger in a report on Wednesday, November 27th. They issued a “buy” rating and a $42.00 price target on the stock. Finally, Tudor Pickering upgraded shares of Schlumberger from a “sell” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company. Schlumberger currently has a consensus rating of “Buy” and an average target price of $42.71.
SLB traded down $0.33 during trading on Wednesday, reaching $36.62. The company had a trading volume of 3,128,006 shares, compared to its average volume of 9,121,648. The firm’s 50-day simple moving average is $39.09 and its 200 day simple moving average is $36.43. The company has a market cap of $53.12 billion, a price-to-earnings ratio of -5.00, a PEG ratio of 2.83 and a beta of 1.59. Schlumberger Limited. has a 12-month low of $30.65 and a 12-month high of $48.88. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 1.19.
Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. The business had revenue of $8.23 billion for the quarter, compared to the consensus estimate of $8.16 billion. Schlumberger had a positive return on equity of 6.77% and a negative net margin of 30.80%. The firm’s revenue was up .6% compared to the same quarter last year. During the same period last year, the business earned $0.36 EPS. On average, sell-side analysts expect that Schlumberger Limited. will post 1.63 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date of this dividend is Tuesday, February 11th. Schlumberger’s dividend payout ratio is presently 136.05%.
In other news, Director Saul R. Laureles sold 4,350 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $34.72, for a total transaction of $151,032.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Howard Guild sold 9,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $35.36, for a total value of $318,240.00. In the last ninety days, insiders sold 99,735 shares of company stock worth $3,594,864. 0.48% of the stock is owned by insiders.
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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