Spirit of America Management Corp NY lowered its position in Schlumberger Limited. (NYSE:SLB) by 32.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,300 shares of the oil and gas company’s stock after selling 2,075 shares during the quarter. Spirit of America Management Corp NY’s holdings in Schlumberger were worth $300,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Comprehensive Portfolio Management LLC bought a new position in shares of Schlumberger in the 2nd quarter worth $885,000. Bank of Montreal Can boosted its position in shares of Schlumberger by 41.6% in the 2nd quarter. Bank of Montreal Can now owns 1,601,025 shares of the oil and gas company’s stock worth $105,414,000 after purchasing an additional 470,615 shares during the last quarter. WFG Advisors LP lifted its holdings in Schlumberger by 51.5% during the second quarter. WFG Advisors LP now owns 11,332 shares of the oil and gas company’s stock worth $746,000 after acquiring an additional 3,853 shares in the last quarter. Denver Investment Advisors LLC lifted its holdings in Schlumberger by 5.8% during the second quarter. Denver Investment Advisors LLC now owns 160,191 shares of the oil and gas company’s stock worth $10,547,000 after acquiring an additional 8,817 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new position in Schlumberger during the second quarter worth about $14,156,000. 79.31% of the stock is owned by institutional investors and hedge funds.
In other news, Director Tore I. Sandvold sold 3,500 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total transaction of $219,205.00. Following the transaction, the director now owns 1,500 shares of the company’s stock, valued at approximately $93,945. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is owned by corporate insiders.
Several analysts have issued reports on the company. Zacks Investment Research downgraded Schlumberger from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Piper Jaffray Companies set a $74.00 target price on Schlumberger and gave the company a “buy” rating in a research report on Saturday, October 21st. FBR & Co reissued a “buy” rating on shares of Schlumberger in a research report on Friday, October 20th. ValuEngine downgraded Schlumberger from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Finally, Credit Suisse Group set a $71.00 price target on Schlumberger and gave the stock a “buy” rating in a research report on Monday, October 23rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $79.37.
Shares of Schlumberger Limited. (SLB) traded up $1.45 on Thursday, reaching $77.05. 10,250,000 shares of the company’s stock were exchanged, compared to its average volume of 9,300,000. The company has a quick ratio of 1.20, a current ratio of 1.53 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $106,730.00, a PE ratio of 197.56, a P/E/G ratio of 1.53 and a beta of 1.01. Schlumberger Limited. has a twelve month low of $61.02 and a twelve month high of $87.84.
Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.42. The business had revenue of $7.91 billion for the quarter, compared to analysts’ expectations of $7.91 billion. Schlumberger had a net margin of 1.86% and a return on equity of 4.42%. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 earnings per share. research analysts forecast that Schlumberger Limited. will post 1.46 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Wednesday, December 6th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 5th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.60%. Schlumberger’s dividend payout ratio (DPR) is presently 512.82%.
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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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