Dorsey & Whitney Trust CO LLC lessened its holdings in Schlumberger Limited. (NYSE:SLB) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,651 shares of the oil and gas company’s stock after selling 1,696 shares during the quarter. Schlumberger accounts for about 1.2% of Dorsey & Whitney Trust CO LLC’s holdings, making the stock its 24th biggest position. Dorsey & Whitney Trust CO LLC’s holdings in Schlumberger were worth $5,903,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Tradewinds Capital Management LLC lifted its position in shares of Schlumberger by 29.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock valued at $104,000 after acquiring an additional 307 shares during the period. Jacobi Capital Management LLC lifted its position in shares of Schlumberger by 95.8% during the 2nd quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock valued at $134,000 after acquiring an additional 1,000 shares during the period. Proficio Capital Partners LLC lifted its position in shares of Schlumberger by 18.0% during the 1st quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock valued at $145,000 after acquiring an additional 310 shares during the period. Valley National Advisers Inc. lifted its position in shares of Schlumberger by 0.3% during the 2nd quarter. Valley National Advisers Inc. now owns 2,594 shares of the oil and gas company’s stock valued at $171,000 after acquiring an additional 8 shares during the period. Finally, Baystate Wealth Management LLC lifted its position in shares of Schlumberger by 12.7% during the 2nd quarter. Baystate Wealth Management LLC now owns 2,707 shares of the oil and gas company’s stock valued at $181,000 after acquiring an additional 305 shares during the period. 79.77% of the stock is currently owned by institutional investors.
Shares of Schlumberger Limited. (NYSE SLB) traded down $0.13 during trading on Tuesday, reaching $64.60. 9,505,000 shares of the company were exchanged, compared to its average volume of 7,092,794. The company has a current ratio of 1.53, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40. Schlumberger Limited. has a 12-month low of $61.02 and a 12-month high of $87.84. The stock has a market cap of $89,668.01, a PE ratio of 50.18, a price-to-earnings-growth ratio of 1.98 and a beta of 1.01.
Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. Schlumberger had a net margin of 1.86% and a return on equity of 4.42%. The firm had revenue of $7.91 billion during the quarter, compared to analysts’ expectations of $7.91 billion. During the same period in the prior year, the company earned $0.25 EPS. The firm’s revenue was up 12.6% on a year-over-year basis. analysts predict that Schlumberger Limited. will post 1.47 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Wednesday, December 6th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $2.00 dividend on an annualized basis and a yield of 3.10%. Schlumberger’s dividend payout ratio (DPR) is 512.83%.
SLB has been the subject of several research reports. Deutsche Bank initiated coverage on Schlumberger in a research report on Tuesday, October 10th. They set a “buy” rating and a $78.00 price objective for the company. Royal Bank Of Canada set a $86.00 price objective on Schlumberger and gave the stock a “buy” rating in a research report on Saturday, October 7th. Cowen set a $80.00 price objective on Schlumberger and gave the stock a “buy” rating in a research report on Friday, October 6th. Citigroup lifted their price objective on Schlumberger from $77.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, October 5th. Finally, Jefferies Group restated a “buy” rating and set a $80.00 price objective on shares of Schlumberger in a research report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $79.31.
In related news, Director Tore I. Sandvold sold 3,500 shares of the company’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total transaction of $219,205.00. Following the completion of the sale, the director now directly owns 1,500 shares of the company’s stock, valued at approximately $93,945. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.38% of the stock is currently owned by corporate insiders.
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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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