Natixis purchased a new stake in Schlumberger Limited. (NYSE:SLB) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 258,854 shares of the oil and gas company’s stock, valued at approximately $16,769,000.
A number of other large investors have also bought and sold shares of SLB. Delek Group Ltd. acquired a new position in shares of Schlumberger in the fourth quarter worth about $100,000. FNY Partners Fund LP acquired a new position in shares of Schlumberger in the fourth quarter worth about $101,000. Rational Advisors LLC acquired a new position in shares of Schlumberger in the fourth quarter worth about $108,000. American Research & Management Co. raised its position in shares of Schlumberger by 81.1% in the fourth quarter. American Research & Management Co. now owns 1,731 shares of the oil and gas company’s stock worth $117,000 after acquiring an additional 775 shares during the period. Finally, Delpha Capital Management LLC acquired a new position in shares of Schlumberger in the fourth quarter worth about $119,000. 78.42% of the stock is currently owned by institutional investors.
In other Schlumberger news, VP Claudia Jaramillo sold 3,000 shares of the stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $72.68, for a total value of $218,040.00. Following the completion of the sale, the vice president now owns 6,162 shares in the company, valued at approximately $447,854.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.48% of the stock is currently owned by corporate insiders.
SLB stock opened at $65.21 on Tuesday. The stock has a market capitalization of $92.83 billion, a price-to-earnings ratio of 43.47, a price-to-earnings-growth ratio of 5.81 and a beta of 1.06. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.11 and a quick ratio of 0.86. Schlumberger Limited. has a 12 month low of $61.02 and a 12 month high of $80.35.
Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, April 20th. The oil and gas company reported $0.38 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.38. The company had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.79 billion. Schlumberger had a negative net margin of 4.01% and a positive return on equity of 5.85%. Schlumberger’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 EPS. sell-side analysts expect that Schlumberger Limited. will post 1.92 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Wednesday, June 6th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, June 5th. This represents a $2.00 dividend on an annualized basis and a yield of 3.07%. Schlumberger’s payout ratio is 133.33%.
SLB has been the subject of a number of analyst reports. Barclays set a $70.00 price objective on shares of Schlumberger and gave the stock a “hold” rating in a research report on Saturday, March 24th. SunTrust Banks upgraded shares of Schlumberger from a “hold” rating to a “buy” rating in a research report on Tuesday, April 3rd. They noted that the move was a valuation call. Jefferies Financial Group set a $85.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research report on Wednesday, April 4th. Susquehanna Bancshares set a $87.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research report on Monday, April 23rd. Finally, Seaport Global Securities set a $76.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research report on Monday, April 23rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $80.61.
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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