Glenview Trust Co reduced its holdings in shares of Schlumberger (NYSE:SLB) by 5.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,003 shares of the oil and gas company’s stock after selling 1,225 shares during the quarter. Glenview Trust Co’s holdings in Schlumberger were worth $1,550,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Harding Loevner LP lifted its holdings in Schlumberger by 1,337.3% during the 3rd quarter. Harding Loevner LP now owns 138,957,632 shares of the oil and gas company’s stock worth $569,035,000 after purchasing an additional 129,289,552 shares during the last quarter. Dodge & Cox lifted its holdings in Schlumberger by 12.8% during the 2nd quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock worth $3,178,193,000 after purchasing an additional 5,494,165 shares during the last quarter. Capital International Investors lifted its holdings in Schlumberger by 74.8% during the 3rd quarter. Capital International Investors now owns 10,031,514 shares of the oil and gas company’s stock worth $699,798,000 after purchasing an additional 4,294,058 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Schlumberger by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock worth $6,519,670,000 after purchasing an additional 2,790,227 shares during the last quarter. Finally, Capital Research Global Investors lifted its holdings in Schlumberger by 13.8% during the 2nd quarter. Capital Research Global Investors now owns 16,460,016 shares of the oil and gas company’s stock worth $1,083,727,000 after purchasing an additional 1,993,829 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.
SLB has been the subject of several research reports. Piper Jaffray lifted their price target on Schlumberger from $74.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, January 19th. ValuEngine cut Schlumberger from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. SunTrust Banks raised Schlumberger from a “hold” rating to a “buy” rating in a report on Tuesday, April 3rd. They noted that the move was a valuation call. Jefferies Group set a $78.00 price objective on Schlumberger and gave the company a “buy” rating in a report on Thursday, January 4th. Finally, Royal Bank of Canada set a $73.00 price objective on Schlumberger and gave the company a “buy” rating in a report on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $81.23.
In other news, insider Mogharbel Khaled Al acquired 3,000 shares of Schlumberger stock in a transaction that occurred on Wednesday, March 28th. The shares were acquired at an average price of $64.30 per share, for a total transaction of $192,900.00. Following the transaction, the insider now directly owns 30,482 shares of the company’s stock, valued at approximately $1,959,992.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Howard Guild sold 25,000 shares of the business’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $78.26, for a total value of $1,956,500.00. Following the sale, the insider now owns 22,410 shares in the company, valued at approximately $1,753,806.60. The disclosure for this sale can be found here. Insiders have purchased a total of 18,000 shares of company stock worth $1,163,650 in the last 90 days. 0.48% of the stock is currently owned by corporate insiders.
Schlumberger stock opened at $64.36 on Friday. 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 has a 52 week low of $61.02 and a 52 week high of $80.89. The firm has a market cap of $91,021.27, a PE ratio of 42.91, a price-to-earnings-growth ratio of 5.19 and a beta of 1.05.
Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. The company had revenue of $8.18 billion during the quarter, compared to analysts’ expectations of $8.12 billion. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. Schlumberger’s revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 EPS. research analysts forecast that Schlumberger will post 2.11 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors 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 dividend on an annualized basis and a yield of 3.11%. Schlumberger’s dividend 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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