Thomas Story & Son LLC decreased its position in Schlumberger (NYSE:SLB) by 38.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,389 shares of the oil and gas company’s stock after selling 34,575 shares during the period. Schlumberger accounts for approximately 2.1% of Thomas Story & Son LLC’s investment portfolio, making the stock its 21st largest position. Thomas Story & Son LLC’s holdings in Schlumberger were worth $3,733,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of SLB. Frontier Wealth Management LLC raised its stake in Schlumberger by 0.4% during the 2nd quarter. Frontier Wealth Management LLC now owns 8,229 shares of the oil and gas company’s stock worth $542,000 after acquiring an additional 35 shares in the last quarter. Glassman Wealth Services increased its stake in Schlumberger by 0.8% in the second quarter. Glassman Wealth Services now owns 5,276 shares of the oil and gas company’s stock valued at $347,000 after purchasing an additional 44 shares during the period. Choate Investment Advisors increased its stake in Schlumberger by 0.4% in the second quarter. Choate Investment Advisors now owns 14,516 shares of the oil and gas company’s stock valued at $956,000 after purchasing an additional 60 shares during the period. Bienville Capital Management LLC increased its stake in Schlumberger by 2.7% in the second quarter. Bienville Capital Management LLC now owns 4,004 shares of the oil and gas company’s stock valued at $266,000 after purchasing an additional 105 shares during the period. Finally, EagleClaw Capital Managment LLC boosted its holdings in shares of Schlumberger by 0.5% in the second quarter. EagleClaw Capital Managment LLC now owns 23,475 shares of the oil and gas company’s stock valued at $1,545,000 after acquiring an additional 125 shares in the last quarter. 79.90% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently weighed in on the stock. Barclays set a $70.00 target price on shares of Schlumberger and gave the company a “hold” rating in a report on Saturday, March 24th. Piper Jaffray boosted their price objective on shares of Schlumberger from $74.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, January 19th. ValuEngine lowered shares of Schlumberger from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Cowen reissued a “buy” rating and issued a $81.00 price objective on shares of Schlumberger in a research report on Thursday, March 15th. Finally, Zacks Investment Research lowered shares of Schlumberger from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. Two research 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 issued a strong buy rating to the company’s stock. 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 the company’s stock in a transaction on 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 acquisition, the insider now 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 SEC, which can be accessed through the SEC website. Also, CFO Simon Ayat sold 75,000 shares of the business’s stock in a transaction dated 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 directly owns 138,827 shares of the company’s stock, valued at $10,947,897.22. The disclosure for this sale can be found here. Insiders purchased 18,000 shares of company stock valued at $1,163,650 over the last ninety days. 0.48% of the stock is currently owned by company insiders.
Shares of NYSE SLB traded down $1.41 during midday trading on Friday, reaching $64.36. 7,515,858 shares of the company traded hands, compared to its average volume of 6,744,343. The stock has a market cap of $89,069.93, a PE ratio of 42.91, a PEG ratio of 5.08 and a beta of 1.05. Schlumberger has a 12 month low of $61.02 and a 12 month 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 released its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.48 earnings per share (EPS) 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 business had revenue of $8.18 billion during the quarter, compared to analysts’ expectations of $8.12 billion. During the same period in the previous year, the business posted $0.27 earnings per share. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. analysts predict that Schlumberger will post 2.11 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Wednesday, February 7th will be issued a $0.50 dividend. 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 dividend payout ratio is 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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