Senvest Management LLC acquired a new stake in shares of Schlumberger Limited. (NYSE:SLB) during the 1st quarter, HoldingsChannel reports. The fund acquired 10,000 shares of the oil and gas company’s stock, valued at approximately $648,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Schlumberger by 0.4% during the first quarter. BlackRock Inc. now owns 88,043,418 shares of the oil and gas company’s stock valued at $5,703,455,000 after purchasing an additional 366,513 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Schlumberger by 6.8% during the fourth quarter. Bank of New York Mellon Corp now owns 27,353,450 shares of the oil and gas company’s stock valued at $1,843,349,000 after purchasing an additional 1,733,171 shares during the last quarter. Northern Cross LLC grew its holdings in shares of Schlumberger by 15.3% during the fourth quarter. Northern Cross LLC now owns 19,852,648 shares of the oil and gas company’s stock valued at $1,337,870,000 after purchasing an additional 2,637,527 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Schlumberger by 0.6% during the first quarter. First Eagle Investment Management LLC now owns 19,247,155 shares of the oil and gas company’s stock valued at $1,246,831,000 after purchasing an additional 118,890 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Schlumberger by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 14,131,891 shares of the oil and gas company’s stock valued at $950,287,000 after purchasing an additional 309,033 shares during the last quarter. Hedge funds and other institutional investors own 78.42% of the company’s stock.
Shares of Schlumberger opened at $67.03 on Friday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.11 and a quick ratio of 0.86. The company has a market capitalization of $92.53 billion, a P/E ratio of 44.69, a price-to-earnings-growth ratio of 5.79 and a beta of 1.05. Schlumberger Limited. has a 12-month low of $61.02 and a 12-month high of $80.35.
Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, April 20th. The oil and gas company reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. The firm had revenue of $7.83 billion during the quarter, compared to analyst estimates of $7.79 billion. Schlumberger had a positive return on equity of 5.85% and a negative net margin of 4.01%. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period last year, the company posted $0.25 EPS. equities research analysts forecast that Schlumberger Limited. will post 1.92 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Wednesday, June 6th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Tuesday, June 5th. Schlumberger’s payout ratio is currently 133.33%.
Several research firms have recently commented on SLB. Citigroup lowered their target price on Schlumberger from $79.00 to $78.00 and set a “buy” rating for the company in a report on Monday, June 25th. Credit Suisse Group set a $80.00 target price on Schlumberger and gave the company a “buy” rating in a report on Tuesday, June 12th. Wells Fargo & Co upped their target price on Schlumberger from $76.00 to $82.00 and gave the company an “outperform” rating in a report on Thursday, May 24th. ValuEngine raised Schlumberger from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. Finally, Susquehanna Bancshares set a $87.00 target price on Schlumberger and gave the company a “buy” rating in a report on Monday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-five have issued a buy rating to the stock. Schlumberger presently has an average rating of “Buy” and a consensus target price of $80.61.
In other Schlumberger news, VP Claudia Jaramillo sold 3,000 shares of the stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $72.68, for a total transaction of $218,040.00. Following the completion of the transaction, the vice president now directly owns 6,162 shares of the company’s stock, valued at approximately $447,854.16. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.48% of the company’s stock.
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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