Teacher Retirement System of Texas decreased its holdings in Schlumberger (NYSE:SLB) by 49.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 381,532 shares of the oil and gas company’s stock after selling 371,211 shares during the period. Teacher Retirement System of Texas’ holdings in Schlumberger were worth $25,711,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. FNY Partners Fund LP bought a new stake in Schlumberger in the fourth quarter valued at approximately $101,000. Aviance Capital Management LLC bought a new position in shares of Schlumberger during the second quarter worth approximately $100,000. Mountain Capital Investment Advisors Inc bought a new position in shares of Schlumberger during the second quarter worth approximately $107,000. Atlantic Trust LLC bought a new position in shares of Schlumberger during the second quarter worth approximately $137,000. Finally, Legacy Advisors LLC bought a new position in shares of Schlumberger during the third quarter worth approximately $146,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.
A number of equities analysts have recently weighed in on the company. Barclays set a $70.00 target price on Schlumberger and gave the stock a “hold” rating in a research note on Saturday, March 24th. Piper Jaffray increased their target price on Schlumberger from $74.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, January 19th. ValuEngine lowered Schlumberger from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Cowen reiterated a “buy” rating and set a $81.00 target price on shares of Schlumberger in a research note on Thursday, March 15th. Finally, Zacks Investment Research lowered Schlumberger from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $81.23.
In other Schlumberger news, CFO Simon Ayat sold 75,000 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $10,947,897.22. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Howard Guild sold 25,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider now directly owns 22,410 shares in the company, valued at approximately $1,753,806.60. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 18,000 shares of company stock worth $1,163,650. Company insiders own 0.48% of the company’s stock.
Shares of SLB stock opened at $64.36 on Friday. The firm has a market capitalization 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 has a fifty-two week low of $61.02 and a fifty-two 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.
Schlumberger (NYSE:SLB) last issued its 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 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 revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 EPS. analysts forecast that Schlumberger will post 2.11 earnings per share for the current year.
The firm also recently announced 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Tuesday, February 6th. Schlumberger’s dividend payout ratio is presently 133.33%.
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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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