Schlumberger (NYSE:SLB) Stake Raised by Hardman Johnston Global Advisors LLC

Hardman Johnston Global Advisors LLC raised its holdings in shares of Schlumberger (NYSE:SLB) by 16.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 523,812 shares of the oil and gas company’s stock after acquiring an additional 72,321 shares during the quarter. Schlumberger makes up about 1.5% of Hardman Johnston Global Advisors LLC’s investment portfolio, making the stock its 19th biggest position. Hardman Johnston Global Advisors LLC’s holdings in Schlumberger were worth $35,300,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of SLB. FNY Partners Fund LP bought a new stake in Schlumberger during the fourth quarter worth approximately $101,000. Aviance Capital Management LLC purchased a new position in shares of Schlumberger during the second quarter valued at approximately $100,000. Mountain Capital Investment Advisors Inc purchased a new position in shares of Schlumberger during the second quarter valued at approximately $107,000. Jacobi Capital Management LLC boosted its position in shares of 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 valued at $134,000 after buying an additional 1,000 shares during the period. Finally, Atlantic Trust LLC purchased a new position in shares of Schlumberger during the second quarter valued at approximately $137,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

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Shares of SLB stock traded down $1.41 during mid-day trading on Friday, hitting $64.36. 7,515,858 shares of the stock were exchanged, compared to its average volume of 6,744,343. The firm has a market cap of $91,021.27, a P/E ratio of 42.91, a PEG ratio of 5.19 and a beta of 1.05. Schlumberger has a 52-week low of $61.02 and a 52-week high of $80.89. The company has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 0.40.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.04. The firm had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.12 billion. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. Schlumberger’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the company posted $0.27 EPS. analysts anticipate that Schlumberger will post 2.11 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Wednesday, February 7th will be issued 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 yield of 3.11%. Schlumberger’s payout ratio is 133.33%.

SLB has been the subject of a number of research reports. Jefferies Group set a $85.00 price target on Schlumberger and gave the company a “buy” rating in a report on Wednesday. SunTrust Banks upgraded Schlumberger from a “hold” rating to a “buy” rating in a report on Tuesday. They noted that the move was a valuation call. Barclays set a $70.00 price target on Schlumberger and gave the company a “hold” rating in a report on Saturday, March 24th. Cowen reissued a “buy” rating and issued a $81.00 price objective on shares of Schlumberger in a research note on Thursday, March 15th. Finally, Credit Suisse Group set a $86.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research note on Wednesday, March 14th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $81.23.

In other news, insider Howard Guild sold 25,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 22,410 shares in the company, valued at approximately $1,753,806.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Simon Ayat sold 75,000 shares of the firm’s stock in a transaction that occurred 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 sale, 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. In the last quarter, insiders acquired 18,000 shares of company stock valued at $1,163,650. 0.48% of the stock is owned by insiders.

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Schlumberger Company Profile

Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.

Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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