TCW Group Inc. Acquires 33,848 Shares of Schlumberger Limited. (SLB)

TCW Group Inc. boosted its holdings in shares of Schlumberger Limited. (NYSE:SLB) by 9.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 404,298 shares of the oil and gas company’s stock after buying an additional 33,848 shares during the quarter. TCW Group Inc.’s holdings in Schlumberger were worth $28,204,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Aviance Capital Management LLC bought a new position in shares of Schlumberger in the second quarter worth approximately $100,000. Mountain Capital Investment Advisors Inc bought a new position in shares of Schlumberger in the second quarter worth approximately $107,000. Tradewinds Capital Management LLC boosted its position in shares of Schlumberger by 22.3% in the second quarter. Tradewinds Capital Management LLC now owns 1,636 shares of the oil and gas company’s stock worth $108,000 after purchasing an additional 298 shares during the period. Jacobi Capital Management LLC boosted its position in shares of Schlumberger by 95.8% in the second quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock worth $134,000 after purchasing an additional 1,000 shares during the period. Finally, Atlantic Trust LLC bought a new position in shares of Schlumberger in the second quarter worth approximately $137,000. Institutional investors own 79.35% of the company’s stock.

A number of research firms have weighed in on SLB. Cowen set a $85.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research report on Thursday, January 11th. Jefferies Group set a $78.00 target price on shares of Schlumberger and gave the stock a “buy” rating in a research report on Thursday, January 4th. B. Riley set a $80.00 target price on shares of Schlumberger and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. ValuEngine lowered shares of Schlumberger from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Finally, Royal Bank of Canada set a $73.00 target price on shares of Schlumberger and gave the stock a “buy” rating in a research report on Thursday, December 21st. Two research 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 assigned a strong buy rating to the stock. Schlumberger presently has a consensus rating of “Buy” and an average price target of $79.56.

Shares of Schlumberger Limited. (SLB) opened at $76.37 on Friday. The stock has a market cap of $105,790.00, a price-to-earnings ratio of 195.82, a P/E/G ratio of 5.91 and a beta of 1.01. 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 12 month low of $61.02 and a 12 month high of $87.84.

Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.42. The company had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $7.91 billion. Schlumberger had a net margin of 1.86% and a return on equity of 4.42%. Schlumberger’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 earnings per share. equities analysts forecast that Schlumberger Limited. will post 1.46 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Wednesday, February 7th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.62%. Schlumberger’s payout ratio is 512.82%.

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 sale, the director now owns 1,500 shares of the company’s stock, valued at $93,945. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.38% of the stock is owned by corporate insiders.

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Schlumberger 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.

Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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