Winslow Asset Management Inc. lifted its stake in shares of Schlumberger Limited. (NYSE:SLB) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 106,267 shares of the oil and gas company’s stock after buying an additional 4,332 shares during the quarter. Winslow Asset Management Inc.’s holdings in Schlumberger were worth $7,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harding Loevner LP boosted its stake in Schlumberger by 1,337.3% during the third quarter. Harding Loevner LP now owns 138,957,632 shares of the oil and gas company’s stock worth $569,035,000 after acquiring an additional 129,289,552 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in Schlumberger by 103.9% during the second quarter. First Eagle Investment Management LLC now owns 16,025,764 shares of the oil and gas company’s stock worth $1,055,136,000 after acquiring an additional 8,167,945 shares in the last quarter. Dodge & Cox boosted its stake in 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 acquiring an additional 5,494,165 shares in the last quarter. Capital International Investors boosted its stake in Schlumberger by 74.8% during the third quarter. Capital International Investors now owns 10,031,514 shares of the oil and gas company’s stock worth $699,798,000 after acquiring an additional 4,294,058 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Schlumberger by 33.5% during the second quarter. American Century Companies Inc. now owns 11,117,713 shares of the oil and gas company’s stock worth $731,990,000 after acquiring an additional 2,791,675 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.
Shares of Schlumberger Limited. (NYSE:SLB) opened at $66.50 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.95. The stock has a market cap of $92,031.55, a price-to-earnings ratio of -61.01, a PEG ratio of 5.12 and a beta of 0.98. Schlumberger Limited. has a 52 week low of $61.02 and a 52 week 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 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.04. The firm had revenue of $8.18 billion during the quarter, compared to analysts’ expectations of $8.12 billion. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 earnings per share. research analysts anticipate that Schlumberger Limited. will post 2.16 EPS for the current year.
The company 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 3.01%. Schlumberger’s dividend payout ratio (DPR) is presently -183.49%.
In related news, insider Howard Guild sold 25,000 shares of the company’s 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 completion of the transaction, the insider now owns 22,410 shares in the company, valued at $1,753,806.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Simon Ayat sold 75,000 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was 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 owns 138,827 shares of the company’s stock, valued at approximately $10,947,897.22. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.
Several research firms recently commented on SLB. Loop Capital reissued a “buy” rating and set a $82.00 price objective (up previously from $77.00) on shares of Schlumberger in a research note on Monday, January 22nd. Cowen set a $85.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research note on Wednesday, February 14th. SunTrust Banks reissued a “hold” rating on shares of Schlumberger in a research note on Tuesday, October 31st. Zacks Investment Research lowered shares of Schlumberger from a “hold” rating to a “sell” rating in a research note on Monday, February 12th. Finally, Susquehanna Bancshares set a $88.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research note on Monday, January 22nd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. Schlumberger presently has a consensus rating of “Buy” and a consensus target price of $81.37.
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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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