Markston International LLC trimmed its holdings in shares of Schlumberger (NYSE:SLB) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 80,320 shares of the oil and gas company’s stock after selling 1,304 shares during the quarter. Markston International LLC’s holdings in Schlumberger were worth $5,413,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Harding Loevner LP raised 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 valued at $569,035,000 after purchasing an additional 129,289,552 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Schlumberger by 2.9% in the second quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock valued at $6,519,670,000 after acquiring an additional 2,790,227 shares during the period. Dodge & Cox raised its stake in shares of Schlumberger by 12.8% in the second quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock valued at $3,178,193,000 after acquiring an additional 5,494,165 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Schlumberger by 2.2% in the third quarter. Bank of New York Mellon Corp now owns 25,620,279 shares of the oil and gas company’s stock valued at $1,787,272,000 after acquiring an additional 548,250 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Schlumberger by 2.9% in the second quarter. Northern Trust Corp now owns 18,762,468 shares of the oil and gas company’s stock valued at $1,235,321,000 after acquiring an additional 536,928 shares during the period. Institutional investors own 79.90% of the company’s stock.
Shares of SLB opened at $64.36 on Friday. Schlumberger has a 52-week low of $61.02 and a 52-week high of $80.89. 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 cap of $89,692.70, a price-to-earnings ratio of 42.91, a price-to-earnings-growth ratio of 5.11 and a beta of 1.05.
Schlumberger (NYSE:SLB) last announced its earnings results on Friday, January 19th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.04. The company had revenue of $8.18 billion for 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 firm’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.27 EPS. analysts forecast that Schlumberger will post 2.11 earnings per share for the current fiscal 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 given 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 3.11%. Schlumberger’s payout ratio is 133.33%.
SLB has been the topic of several recent analyst reports. SunTrust Banks raised their price target on shares of Schlumberger from $72.00 to $80.00 and gave the stock a “hold” rating in a research note on Tuesday, January 23rd. Susquehanna Bancshares set a $88.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research note on Monday, January 22nd. Zacks Investment Research downgraded shares of Schlumberger from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. Barclays set a $75.00 target price on shares of Schlumberger and gave the stock a “hold” rating in a report on Tuesday, January 23rd. Finally, Loop Capital reiterated a “buy” rating and set a $82.00 target price (up from $77.00) on shares of Schlumberger in a report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. Schlumberger has a consensus rating of “Buy” and a consensus price target of $81.23.
In related news, insider Mogharbel Khaled Al acquired 3,000 shares of Schlumberger stock in a transaction that occurred on Wednesday, March 28th. The shares were purchased at an average cost of $64.30 per share, for a total transaction of $192,900.00. Following the acquisition, the insider now owns 30,482 shares in the company, valued at $1,959,992.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Howard Guild sold 25,000 shares of the business’s 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 sale, the insider now owns 22,410 shares in the company, valued at $1,753,806.60. The disclosure for this sale can be found here. In the last three months, insiders have bought 18,000 shares of company stock worth $1,163,650. Corporate insiders own 0.48% of the company’s stock.
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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.
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