Baird Financial Group Inc. raised its holdings in Schlumberger (NYSE:SLB) by 12.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 919,589 shares of the oil and gas company’s stock after acquiring an additional 102,510 shares during the quarter. Baird Financial Group Inc.’s holdings in Schlumberger were worth $61,971,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of SLB. Harding Loevner LP lifted its stake in shares of Schlumberger by 1,337.3% in the third quarter. Harding Loevner LP now owns 138,957,632 shares of the oil and gas company’s stock worth $569,035,000 after buying an additional 129,289,552 shares during the last quarter. Dodge & Cox lifted its stake in shares of Schlumberger by 12.8% in the second quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock worth $3,178,193,000 after buying an additional 5,494,165 shares during the last quarter. Capital International Investors lifted its stake in shares of Schlumberger by 74.8% in the third quarter. Capital International Investors now owns 10,031,514 shares of the oil and gas company’s stock worth $699,798,000 after buying an additional 4,294,058 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Schlumberger by 2.9% in the second quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock worth $6,519,670,000 after buying an additional 2,790,227 shares during the last quarter. Finally, Northern Cross LLC lifted its stake in shares of Schlumberger by 15.3% in the fourth quarter. Northern Cross LLC now owns 19,852,648 shares of the oil and gas company’s stock worth $1,337,870,000 after buying an additional 2,637,527 shares during the last quarter. Hedge funds and other institutional investors own 80.02% of the company’s stock.
SLB has been the subject of a number of analyst reports. Morgan Stanley set a $81.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research note on Thursday, January 18th. Cowen set a $85.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research note on Thursday, January 11th. Jefferies Group set a $78.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research note on Thursday, January 4th. B. Riley set a $80.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Finally, Susquehanna Bancshares set a $88.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research note on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $80.68.
Shares of SLB stock opened at $69.23 on Friday. Schlumberger has a 1 year low of $61.02 and a 1 year high of $80.35. The firm has a market cap of $97,262.82, a P/E ratio of 46.15, a P/E/G ratio of 5.52 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 (NYSE:SLB) last announced its earnings results on Friday, April 20th. The oil and gas company reported $0.38 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.38. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. The business had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.79 billion. During the same quarter in the previous year, the firm posted $0.25 earnings per share. Schlumberger’s revenue was up 13.6% compared to the same quarter last year. analysts predict that Schlumberger will post 2.12 EPS for the current year.
In other Schlumberger news, EVP Patrick Schorn purchased 5,000 shares of the stock in a transaction on Monday, March 26th. The shares were purchased at an average price of $64.79 per share, with a total value of $323,950.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Mogharbel Khaled Al purchased 3,000 shares of the stock in a transaction on Wednesday, March 28th. The stock was acquired at an average cost of $64.30 per share, for a total transaction of $192,900.00. Following the acquisition, the insider now directly owns 30,482 shares in the company, valued at $1,959,992.60. The disclosure for this purchase can be found here. Insiders have purchased 18,000 shares of company stock worth $1,163,650 in the last ninety days. 0.48% of the stock is currently owned by insiders.
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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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