Beese Fulmer Investment Management Inc. grew its position in Schlumberger Limited. (NYSE:SLB) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 97,228 shares of the oil and gas company’s stock after purchasing an additional 795 shares during the quarter. Schlumberger makes up 1.4% of Beese Fulmer Investment Management Inc.’s portfolio, making the stock its 19th biggest position. Beese Fulmer Investment Management Inc.’s holdings in Schlumberger were worth $6,552,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of SLB. Aviance Capital Management LLC bought a new position in shares of Schlumberger in the 2nd quarter worth $100,000. FNY Partners Fund LP bought a new position in shares of Schlumberger in the 4th quarter worth $101,000. Mountain Capital Investment Advisors Inc bought a new position in shares of Schlumberger in the 2nd quarter worth $107,000. Jacobi Capital Management LLC raised its position in shares of Schlumberger by 95.8% in the 2nd quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock worth $134,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Atlantic Trust LLC bought a new position in shares of Schlumberger in the 2nd quarter worth $137,000. Institutional investors and hedge funds own 80.01% of the company’s stock.
In other news, CFO Simon Ayat sold 75,000 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now owns 138,827 shares in the company, valued at $10,947,897.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Howard Guild sold 25,000 shares of the company’s stock in a transaction dated Monday, January 22nd. The stock was 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 owns 22,410 shares in the company, valued at approximately $1,753,806.60. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.
Shares of Schlumberger Limited. (NYSE SLB) opened at $67.14 on Wednesday. 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 firm has a market capitalization of $93,010.00, a PE ratio of -58.89, a price-to-earnings-growth ratio of 5.30 and a beta of 1.03. Schlumberger Limited. has a one year low of $61.02 and a one year high of $80.89.
Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.04. The business had revenue of $8.18 billion for 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 company’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 EPS. equities research analysts forecast that Schlumberger Limited. will post 2.16 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Wednesday, February 7th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, February 6th. This represents a $2.00 annualized dividend and a yield of 2.98%. Schlumberger’s payout ratio is presently -175.44%.
Several research firms have recently commented on SLB. Loop Capital reissued a “buy” rating and issued a $82.00 price target (up from $77.00) on shares of Schlumberger in a research report on Monday, January 22nd. Cowen set a $85.00 price target on Schlumberger and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Zacks Investment Research lowered Schlumberger from a “hold” rating to a “sell” rating in a research report on Monday, February 12th. Susquehanna Bancshares set a $88.00 price target on Schlumberger and gave the stock a “buy” rating in a research report on Monday, January 22nd. Finally, B. Riley set a $80.00 price target on Schlumberger and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $81.59.
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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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