Schlumberger (SLB) Shares Bought by Flossbach Von Storch AG

Flossbach Von Storch AG raised its position in shares of Schlumberger (NYSE:SLB) by 36.8% during the 4th quarter, Holdings Channel reports. The firm owned 688,200 shares of the oil and gas company’s stock after buying an additional 185,200 shares during the quarter. Flossbach Von Storch AG’s holdings in Schlumberger were worth $46,378,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Aviance Capital Management LLC purchased a new stake in shares of Schlumberger in the second quarter worth about $100,000. FNY Partners Fund LP purchased a new stake in shares of Schlumberger in the fourth quarter worth about $101,000. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Schlumberger in the second quarter worth about $107,000. Atlantic Trust LLC purchased a new stake in shares of Schlumberger in the second quarter worth about $137,000. Finally, Legacy Advisors LLC purchased a new stake in shares of Schlumberger in the third quarter worth about $146,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

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In other news, CEO Paal Kibsgaard bought 10,000 shares of Schlumberger stock in a transaction on Monday, March 26th. The stock was acquired at an average price of $64.68 per share, with a total value of $646,800.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mogharbel Khaled Al bought 3,000 shares of Schlumberger stock in a transaction on Wednesday, March 28th. The shares were purchased at an average cost of $64.30 per share, with a total value of $192,900.00. Following the acquisition, the insider now directly owns 30,482 shares of the company’s stock, valued at $1,959,992.60. The disclosure for this purchase can be found here. Insiders have acquired 18,000 shares of company stock valued at $1,163,650 in the last three months. Insiders own 0.48% of the company’s stock.

SLB has been the topic of a number of recent research reports. Royal Bank of Canada set a $73.00 target price on Schlumberger and gave the stock a “buy” rating in a research note on Thursday, December 21st. Morgan Stanley set a $81.00 target price on Schlumberger and gave the stock a “buy” rating in a research note on Thursday, January 18th. Cowen set a $85.00 target price on Schlumberger and gave the stock a “buy” rating in a research note on Thursday, January 11th. Jefferies Group set a $78.00 target price on Schlumberger and gave the stock a “buy” rating in a research note on Thursday, January 4th. Finally, B. Riley set a $80.00 target price on Schlumberger and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Two 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 company’s stock. Schlumberger presently has an average rating of “Buy” and a consensus price target of $81.23.

Shares of Schlumberger stock opened at $64.36 on Monday. Schlumberger has a 12 month low of $61.02 and a 12 month high of $80.89. The company has a market cap 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 quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 0.40.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the firm earned $0.27 earnings per share. The business’s revenue was up 15.1% compared to the same quarter last year. equities research analysts anticipate that Schlumberger will post 2.11 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Wednesday, February 7th will be issued 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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About Schlumberger

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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