Doyle Wealth Management lifted its position in Schlumberger Limited. (NYSE:SLB) by 4.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 189,981 shares of the oil and gas company’s stock after purchasing an additional 7,399 shares during the quarter. Schlumberger comprises approximately 2.3% of Doyle Wealth Management’s portfolio, making the stock its 15th largest holding. Doyle Wealth Management’s holdings in Schlumberger were worth $13,253,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Schlumberger by 2.9% during the second quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock valued at $6,519,670,000 after buying an additional 2,790,227 shares during the period. Dodge & Cox boosted its holdings in shares of Schlumberger by 12.8% during the second quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock worth $3,178,193,000 after purchasing an additional 5,494,165 shares during the period. Northern Trust Corp boosted its holdings in shares of Schlumberger by 2.9% during the second quarter. Northern Trust Corp now owns 18,762,468 shares of the oil and gas company’s stock worth $1,235,321,000 after purchasing an additional 536,928 shares during the period. Northern Cross LLC boosted its holdings in shares of Schlumberger by 3.8% during the second quarter. Northern Cross LLC now owns 16,896,879 shares of the oil and gas company’s stock worth $1,112,491,000 after purchasing an additional 620,270 shares during the period. Finally, Capital Research Global Investors boosted its holdings in shares of Schlumberger by 13.8% during the second quarter. Capital Research Global Investors now owns 16,460,016 shares of the oil and gas company’s stock worth $1,083,727,000 after purchasing an additional 1,993,829 shares during the period. 79.31% of the stock is currently owned by hedge funds and other institutional investors.
Schlumberger Limited. (NYSE SLB) opened at $77.05 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.53. Schlumberger Limited. has a one year low of $61.02 and a one year high of $87.84. The firm has a market cap of $106,730.00, a price-to-earnings ratio of 197.56, a PEG ratio of 1.53 and a beta of 1.01.
Schlumberger (NYSE:SLB) last released its earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. Schlumberger had a net margin of 1.86% and a return on equity of 4.42%. The company had revenue of $7.91 billion for the quarter, compared to analysts’ expectations of $7.91 billion. During the same quarter in the previous year, the company earned $0.25 EPS. Schlumberger’s revenue for the quarter was up 12.6% on a year-over-year basis. equities research analysts forecast that Schlumberger Limited. will post 1.46 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Wednesday, December 6th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Tuesday, December 5th. Schlumberger’s dividend payout ratio (DPR) is 512.82%.
Several analysts have commented on SLB shares. ValuEngine lowered shares of Schlumberger from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Jefferies Group restated a “buy” rating and issued a $80.00 price objective on shares of Schlumberger in a report on Friday, September 29th. Loop Capital lowered their price objective on shares of Schlumberger from $80.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, October 26th. Royal Bank of Canada set a $86.00 target price on shares of Schlumberger and gave the company a “buy” rating in a research note on Saturday, October 7th. Finally, SunTrust Banks reaffirmed a “hold” rating on shares of Schlumberger in a research note on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Schlumberger presently has an average rating of “Buy” and an average target price of $79.37.
In related news, Director Tore I. Sandvold sold 3,500 shares of Schlumberger 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 transaction, the director now owns 1,500 shares in the company, valued at approximately $93,945. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.38% of the stock is currently owned by insiders.
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Schlumberger Company Profile
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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