Natixis Purchases Shares of 258,854 Schlumberger Limited. (SLB)

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.

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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