Schlumberger Limited. (NYSE:SLB) Position Raised by Advisor Partners LLC

Advisor Partners LLC raised its holdings in shares of Schlumberger Limited. (NYSE:SLB) by 18.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,096 shares of the oil and gas company’s stock after acquiring an additional 2,705 shares during the quarter. Advisor Partners LLC owned approximately 1,234.14% of Schlumberger worth $1,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Schlumberger by 2.9% in the 2nd 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 acquiring an additional 2,790,227 shares during the last quarter. Dodge & Cox increased its holdings in Schlumberger by 12.8% in the 2nd quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock valued at $3,178,193,000 after acquiring an additional 5,494,165 shares during the last quarter. Northern Trust Corp increased its holdings in Schlumberger by 2.9% in the 2nd quarter. Northern Trust Corp now owns 18,762,468 shares of the oil and gas company’s stock valued at $1,235,321,000 after acquiring an additional 536,928 shares during the last quarter. Northern Cross LLC increased its holdings in shares of Schlumberger by 3.8% in the 2nd quarter. Northern Cross LLC now owns 16,896,879 shares of the oil and gas company’s stock worth $1,112,491,000 after buying an additional 620,270 shares during the last quarter. Finally, Capital Research Global Investors increased its holdings in shares of Schlumberger by 13.8% in the 2nd 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 buying an additional 1,993,829 shares during the last quarter. Institutional investors own 79.30% of the company’s stock.

Schlumberger Limited. (NYSE:SLB) traded down $1.82 during midday trading on Friday, hitting $73.69. 8,771,964 shares of the company traded hands, compared to its average volume of 9,300,000. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 1.21. The company has a market cap of $102,080.00, a price-to-earnings ratio of -67.61, a PEG ratio of 5.74 and a beta of 0.98. Schlumberger Limited. has a 1 year low of $61.02 and a 1 year high of $83.21.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.04. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. The business had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.12 billion. During the same quarter in the prior year, the business posted $0.27 EPS. Schlumberger’s revenue for the quarter was up 15.1% compared to the same quarter last year. analysts anticipate that Schlumberger Limited. will post 2.19 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Wednesday, February 7th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.71%. Schlumberger’s payout ratio is currently -183.49%.

A number of research firms have recently weighed in on SLB. Atlantic Securities upgraded shares of Schlumberger from a “neutral” rating to an “overweight” rating in a report on Monday, January 22nd. Barclays set a $75.00 price target on shares of Schlumberger and gave the company a “hold” rating in a report on Tuesday, January 23rd. Susquehanna Bancshares set a $88.00 price target on shares of Schlumberger and gave the company a “buy” rating in a report on Monday, January 22nd. Zacks Investment Research downgraded shares of Schlumberger from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, UBS Group set a $95.00 price target on shares of Schlumberger and gave the company a “buy” rating in a report on Monday, January 22nd. Three analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $82.29.

In other Schlumberger news, CFO Simon Ayat sold 75,000 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $78.86, for a total transaction of $5,914,500.00. Following the transaction, the chief financial officer now directly owns 138,827 shares of the company’s stock, valued at $10,947,897.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Howard Guild sold 25,000 shares of the stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $78.26, for a total transaction of $1,956,500.00. Following the transaction, the insider now directly owns 22,410 shares in the company, valued at $1,753,806.60. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

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About Schlumberger

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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