BTC Capital Management Inc. decreased its position in Schlumberger (NYSE:SLB) by 11.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,158 shares of the oil and gas company’s stock after selling 7,512 shares during the quarter. BTC Capital Management Inc.’s holdings in Schlumberger were worth $3,984,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aviance Capital Management LLC bought a new position in shares of Schlumberger during the second quarter valued at $100,000. FNY Partners Fund LP bought a new position in shares of Schlumberger during the fourth quarter valued at $101,000. Mountain Capital Investment Advisors Inc bought a new position in shares of Schlumberger during the second quarter valued at $107,000. Jacobi Capital Management LLC increased its holdings 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 acquiring an additional 1,000 shares in the last quarter. Finally, Atlantic Trust LLC bought a new position in shares of Schlumberger during the second quarter valued at $137,000. Institutional investors and hedge funds own 79.90% of the company’s stock.
Several equities analysts have recently weighed in on the company. SunTrust Banks raised their price target on Schlumberger from $72.00 to $80.00 and gave the company a “hold” rating in a report on Tuesday, January 23rd. Susquehanna Bancshares set a $88.00 price target on Schlumberger and gave the company a “buy” rating in a report on Monday, January 22nd. Zacks Investment Research cut Schlumberger from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Barclays set a $75.00 price objective on Schlumberger and gave the company a “hold” rating in a research report on Tuesday, January 23rd. Finally, Loop Capital reaffirmed a “buy” rating and set a $82.00 price objective (up from $77.00) on shares of Schlumberger in a research 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 given a buy rating and one has given a strong buy rating to the company. Schlumberger presently has a consensus rating of “Buy” and an average target price of $81.23.
In other news, CFO Simon Ayat sold 75,000 shares of Schlumberger stock in a transaction dated 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 transaction, the chief financial officer now directly owns 138,827 shares of the company’s stock, valued at approximately $10,947,897.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Howard Guild sold 25,000 shares of Schlumberger stock in a transaction that occurred 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 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. Over the last ninety days, insiders have bought 18,000 shares of company stock worth $1,163,650. Insiders own 0.48% of the company’s stock.
NYSE:SLB traded down $1.41 on Friday, hitting $64.36. The stock had a trading volume of 7,515,858 shares, compared to its average volume of 6,744,343. The stock has a market capitalization of $89,069.93, a price-to-earnings ratio of 42.91, a PEG ratio of 5.08 and a beta of 1.05. 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 has a 52-week low of $61.02 and a 52-week high of $80.89.
Schlumberger (NYSE:SLB) last posted its quarterly earnings data 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. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The firm had revenue of $8.18 billion for the quarter, compared to analysts’ expectations of $8.12 billion. During the same period in the previous year, the firm earned $0.27 EPS. The business’s quarterly revenue was up 15.1% on a year-over-year basis. equities analysts forecast that Schlumberger will post 2.11 earnings per share for the current fiscal year.
The business also recently disclosed 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 of this dividend is Tuesday, February 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.11%. Schlumberger’s payout ratio is currently 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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