Welch & Forbes LLC decreased its position in shares of Schlumberger (NYSE:SLB) by 9.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 575,917 shares of the oil and gas company’s stock after selling 59,532 shares during the period. Welch & Forbes LLC’s holdings in Schlumberger were worth $38,812,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of SLB. Meyer Handelman Co. raised its holdings in shares of Schlumberger by 12.3% in the third quarter. Meyer Handelman Co. now owns 232,113 shares of the oil and gas company’s stock worth $16,193,000 after buying an additional 25,494 shares during the last quarter. WFG Advisors LP raised its holdings in shares of Schlumberger by 51.5% in the second quarter. WFG Advisors LP now owns 11,332 shares of the oil and gas company’s stock worth $746,000 after buying an additional 3,853 shares during the last quarter. MUFG Securities EMEA plc purchased a new position in shares of Schlumberger in the second quarter worth $14,156,000. Wilkins Investment Counsel Inc. raised its holdings in shares of Schlumberger by 8.8% in the second quarter. Wilkins Investment Counsel Inc. now owns 111,235 shares of the oil and gas company’s stock worth $7,324,000 after buying an additional 8,950 shares during the last quarter. Finally, King Luther Capital Management Corp raised its holdings in shares of Schlumberger by 1.2% in the second quarter. King Luther Capital Management Corp now owns 861,701 shares of the oil and gas company’s stock worth $56,734,000 after buying an additional 9,874 shares during the last quarter. 79.90% of the stock is owned by institutional investors.
Shares of NYSE SLB traded down $1.41 during trading on Friday, hitting $64.36. The company had a trading volume of 7,515,858 shares, compared to its average volume of 6,744,343. Schlumberger has a fifty-two week low of $61.02 and a fifty-two week high of $80.89. The firm has a market cap of $91,021.27, a price-to-earnings ratio of 42.91, a price-to-earnings-growth ratio of 5.19 and a beta of 1.05. 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 announced its earnings results on Friday, January 19th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.04. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. The business had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.12 billion. During the same quarter last year, the business earned $0.27 earnings per share. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. equities research analysts anticipate that Schlumberger will post 2.11 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Wednesday, February 7th will be given a $0.50 dividend. The ex-dividend date is Tuesday, February 6th. This represents a $2.00 annualized dividend and a dividend yield of 3.11%. Schlumberger’s dividend payout ratio (DPR) is 133.33%.
A number of research analysts have issued reports on SLB shares. Royal Bank of Canada set a $73.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a report on Thursday, December 21st. Morgan Stanley set a $81.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a report on Thursday, January 18th. Cowen set a $85.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a report on Thursday, January 11th. Jefferies Group set a $78.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research note on Thursday, January 4th. Finally, B. Riley set a $80.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. Schlumberger 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 dated Monday, January 22nd. The shares were sold at an average price of $78.26, for a total value of $1,956,500.00. Following the transaction, the insider now directly owns 22,410 shares of the company’s stock, valued at $1,753,806.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mogharbel Khaled Al purchased 3,000 shares of the firm’s stock in a transaction dated Wednesday, March 28th. The stock was acquired at an average cost of $64.30 per share, for a total transaction of $192,900.00. Following the completion of the purchase, the insider now owns 30,482 shares of the company’s stock, valued at approximately $1,959,992.60. The disclosure for this purchase can be found here. In the last quarter, insiders bought 18,000 shares of company stock worth $1,163,650. Company 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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