Colrain Capital LLC purchased a new stake in Schlumberger (NYSE:SLB) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 82,760 shares of the oil and gas company’s stock, valued at approximately $5,577,000. Schlumberger accounts for approximately 4.6% of Colrain Capital LLC’s investment portfolio, making the stock its 9th biggest position.
Several other large investors also recently added to or reduced their stakes in SLB. Aviance Capital Management LLC acquired a new position in shares of Schlumberger in the 2nd quarter valued at $100,000. FNY Partners Fund LP acquired a new position in shares of Schlumberger in the 4th quarter valued at $101,000. Mountain Capital Investment Advisors Inc acquired a new stake in Schlumberger during the 2nd quarter worth about $107,000. Atlantic Trust LLC acquired a new stake in Schlumberger during the 2nd quarter worth about $137,000. Finally, Legacy Advisors LLC acquired a new stake in Schlumberger during the 3rd quarter worth about $146,000. Institutional investors and hedge funds own 79.90% of the company’s stock.
SLB opened at $64.36 on Monday. 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 has a fifty-two week low of $61.02 and a fifty-two week high of $80.89. 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 (NYSE:SLB) last issued 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 business had revenue of $8.18 billion for the quarter, compared to the consensus estimate of $8.12 billion. During the same period last year, the business earned $0.27 EPS. The firm’s revenue was up 15.1% compared to the same quarter last year. research analysts forecast that Schlumberger will post 2.11 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Wednesday, February 7th will be paid 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 is Tuesday, February 6th. Schlumberger’s payout ratio is 133.33%.
In related news, CEO Paal Kibsgaard acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 26th. The shares were acquired at an average cost of $64.68 per share, with a total value of $646,800.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Simon Ayat sold 75,000 shares of the firm’s 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 transaction, the chief financial officer now directly owns 138,827 shares in the company, valued at $10,947,897.22. The disclosure for this sale can be found here. Insiders purchased a total of 18,000 shares of company stock worth $1,163,650 over the last three months. 0.48% of the stock is owned by company insiders.
A number of brokerages have commented on SLB. Barclays set a $70.00 price objective on Schlumberger and gave the stock a “hold” rating in a research report on Saturday, March 24th. Piper Jaffray raised their price objective on Schlumberger from $74.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, January 19th. ValuEngine lowered Schlumberger from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Cowen restated a “buy” rating and set a $81.00 price objective on shares of Schlumberger in a research report on Thursday, March 15th. Finally, Zacks Investment Research lowered 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 assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $81.23.
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Schlumberger Company 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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