Daiwa Securities Group Inc. Acquires 1,542 Shares of Schlumberger (SLB)

Daiwa Securities Group Inc. raised its holdings in Schlumberger (NYSE:SLB) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 45,094 shares of the oil and gas company’s stock after purchasing an additional 1,542 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Schlumberger were worth $3,039,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. FNY Partners Fund LP acquired a new position in shares of Schlumberger in the fourth quarter worth about $101,000. Aviance Capital Management LLC acquired a new position in shares of Schlumberger in the second quarter worth about $100,000. Mountain Capital Investment Advisors Inc acquired a new position in shares of Schlumberger in the second quarter worth about $107,000. Atlantic Trust LLC acquired a new position in shares of Schlumberger in the second quarter worth about $137,000. Finally, Legacy Advisors LLC acquired a new position in shares of Schlumberger in the third quarter worth about $146,000. 79.90% of the stock is currently owned by institutional investors.

In other news, CFO Simon Ayat sold 75,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now owns 138,827 shares of the company’s stock, valued at approximately $10,947,897.22. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Mogharbel Khaled Al purchased 3,000 shares of the company’s stock in a transaction dated Wednesday, March 28th. The stock was purchased at an average cost of $64.30 per share, with a total value of $192,900.00. Following the purchase, the insider now owns 30,482 shares in the company, valued at $1,959,992.60. The disclosure for this purchase can be found here. In the last three months, insiders bought 18,000 shares of company stock valued at $1,163,650. Corporate insiders own 0.48% of the company’s stock.

Shares of NYSE SLB opened at $64.36 on Friday. Schlumberger has a 12-month low of $61.02 and a 12-month high of $80.89. The stock has a market cap of $91,021.27, a P/E ratio of 42.91, a price-to-earnings-growth ratio of 5.19 and a beta of 1.05. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.95.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $8.18 billion during the quarter, compared to analysts’ expectations of $8.12 billion. During the same quarter in the prior year, the company earned $0.27 EPS. Schlumberger’s revenue was up 15.1% compared to the same quarter last year. equities analysts forecast that Schlumberger will post 2.11 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 paid 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%.

SLB has been the subject of a number of analyst reports. Royal Bank of Canada set a $73.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research report on Thursday, December 21st. ValuEngine downgraded shares of Schlumberger from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. B. Riley set a $80.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Jefferies Group set a $78.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research report on Thursday, January 4th. Finally, Cowen set a $85.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research report on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. Schlumberger presently has a consensus rating of “Buy” and an average target price of $81.23.

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Schlumberger 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.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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