IFM Investors Pty Ltd purchased a new stake in Schlumberger Limited. (NYSE:SLB) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 38,901 shares of the oil and gas company’s stock, valued at approximately $2,714,000.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Aviance Capital Management LLC acquired a new position in Schlumberger during the second quarter worth $100,000. Mountain Capital Investment Advisors Inc acquired a new position in Schlumberger during the second quarter worth $107,000. Jacobi Capital Management LLC raised its holdings in Schlumberger by 95.8% during 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 last quarter. Atlantic Trust LLC acquired a new position in Schlumberger during the second quarter worth $137,000. Finally, Legacy Advisors LLC acquired a new position in Schlumberger during the third quarter worth $146,000. 79.18% of the stock is owned by institutional investors and hedge funds.
In other news, CFO Simon Ayat sold 75,000 shares of Schlumberger stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $78.86, for a total value of $5,914,500.00. Following the completion of the sale, the chief financial officer now owns 138,827 shares of the company’s stock, valued at $10,947,897.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Howard Guild sold 25,000 shares of Schlumberger stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $78.26, for a total value of $1,956,500.00. Following the completion of the sale, the insider now directly owns 22,410 shares of the company’s stock, valued at approximately $1,753,806.60. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.
Shares of Schlumberger Limited. (NYSE SLB) opened at $66.28 on Monday. The company has a market capitalization of $91,820.00, a price-to-earnings ratio of -60.81, a PEG ratio of 5.06 and a beta of 0.98. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.95. Schlumberger Limited. has a 1 year low of $61.02 and a 1 year high of $82.69.
Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.04. The business had revenue of $8.18 billion during the quarter, compared to the consensus estimate of $8.12 billion. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 earnings per share. analysts expect that Schlumberger Limited. will post 2.17 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 given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Tuesday, February 6th. Schlumberger’s dividend payout ratio is currently -183.49%.
SLB has been the subject of several research reports. Citigroup reduced their price objective on Schlumberger from $80.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, October 25th. Loop Capital reduced their price objective on Schlumberger from $80.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, October 26th. B. Riley reaffirmed a “buy” rating on shares of Schlumberger in a report on Friday, November 3rd. Credit Suisse Group set a $71.00 price objective on Schlumberger and gave the stock a “buy” rating in a report on Monday, October 23rd. Finally, Royal Bank of Canada set a $73.00 price objective on Schlumberger and gave the stock a “buy” rating in a report on Thursday, December 21st. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $82.29.
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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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