Wright Investors Service Inc. lifted its stake in shares of Schlumberger Limited. (NYSE:SLB) by 45.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,326 shares of the oil and gas company’s stock after buying an additional 1,984 shares during the quarter. Wright Investors Service Inc.’s holdings in Schlumberger were worth $426,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the company. Banque Pictet & Cie SA lifted its stake in Schlumberger by 10.8% in the second quarter. Banque Pictet & Cie SA now owns 214,003 shares of the oil and gas company’s stock valued at $14,090,000 after buying an additional 20,905 shares during the last quarter. Intact Investment Management Inc. lifted its stake in Schlumberger by 92.9% in the second quarter. Intact Investment Management Inc. now owns 10,800 shares of the oil and gas company’s stock valued at $711,000 after buying an additional 5,200 shares during the last quarter. Autus Asset Management LLC lifted its stake in Schlumberger by 3.4% in the second quarter. Autus Asset Management LLC now owns 83,105 shares of the oil and gas company’s stock valued at $5,471,000 after buying an additional 2,701 shares during the last quarter. Flagship Harbor Advisors LLC lifted its stake in Schlumberger by 83.2% in the second quarter. Flagship Harbor Advisors LLC now owns 5,194 shares of the oil and gas company’s stock valued at $342,000 after buying an additional 2,359 shares during the last quarter. Finally, Matrix Asset Advisors Inc. NY lifted its stake in Schlumberger by 8.9% in the second quarter. Matrix Asset Advisors Inc. NY now owns 153,944 shares of the oil and gas company’s stock valued at $10,136,000 after buying an additional 12,523 shares during the last quarter. 79.88% of the stock is owned by institutional investors and hedge funds.
SLB has been the topic of a number of recent research reports. Royal Bank of Canada set a $73.00 target price on Schlumberger and gave the company a “buy” rating in a research note on Thursday, December 21st. UBS set a $95.00 target price on Schlumberger and gave the company a “buy” rating in a research note on Monday, January 22nd. Zacks Investment Research cut shares of Schlumberger from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. ValuEngine cut shares of Schlumberger from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Finally, Cowen set a $85.00 price objective on shares of Schlumberger and gave the company a “buy” rating in a research note on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $81.44.
Schlumberger stock opened at $67.74 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 1.21. Schlumberger Limited. has a 12 month low of $61.02 and a 12 month high of $80.89. The firm has a market capitalization of $89,540.47, a PE ratio of -62.15, a price-to-earnings-growth ratio of 4.99 and a beta of 1.03.
Schlumberger (NYSE:SLB) last released its 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. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The company had revenue of $8.18 billion for the quarter, compared to analysts’ expectations of $8.12 billion. During the same quarter in the previous year, the business posted $0.27 EPS. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. 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. Stockholders of record on Wednesday, February 7th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, February 6th. This represents a $2.00 annualized dividend and a dividend yield of 2.95%. Schlumberger’s dividend payout ratio is -183.49%.
In other news, insider Howard Guild sold 25,000 shares of Schlumberger stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $78.26, for a total transaction of $1,956,500.00. Following the completion of the sale, the insider now directly owns 22,410 shares in the company, valued at approximately $1,753,806.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Simon Ayat sold 75,000 shares of Schlumberger stock in a transaction dated Wednesday, January 24th. The shares were 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 of the company’s stock, valued at $10,947,897.22. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.
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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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