Rational Advisors LLC grew its stake in shares of Schlumberger Limited. (NYSE:SLB) by 80.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,895 shares of the oil and gas company’s stock after acquiring an additional 1,295 shares during the period. Rational Advisors LLC’s holdings in Schlumberger were worth $187,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Financial Partners Capital Management LLC raised its position in shares of Schlumberger by 3.9% during the 1st quarter. Financial Partners Capital Management LLC now owns 60,575 shares of the oil and gas company’s stock worth $3,924,000 after purchasing an additional 2,281 shares during the last quarter. Xact Kapitalforvaltning AB raised its position in shares of Schlumberger by 10.4% during the 1st quarter. Xact Kapitalforvaltning AB now owns 145,514 shares of the oil and gas company’s stock worth $9,426,000 after purchasing an additional 13,704 shares during the last quarter. OLD Republic International Corp raised its position in shares of Schlumberger by 16.9% during the 1st quarter. OLD Republic International Corp now owns 379,800 shares of the oil and gas company’s stock worth $24,603,000 after purchasing an additional 55,000 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Schlumberger during the 1st quarter worth approximately $47,225,000. Finally, Gables Capital Management Inc. acquired a new position in shares of Schlumberger during the 1st quarter worth approximately $568,000. Institutional investors own 78.42% of the company’s stock.
Shares of Schlumberger opened at $67.03 on Friday, MarketBeat 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. Schlumberger Limited. has a twelve month low of $61.02 and a twelve month high of $80.35. The firm has a market cap of $92.00 billion, a P/E ratio of 44.69, a price-to-earnings-growth ratio of 5.82 and a beta of 1.06.
Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Friday, April 20th. The oil and gas company reported $0.38 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.38. Schlumberger had a negative net margin of 4.01% and a positive return on equity of 5.85%. The firm had revenue of $7.83 billion during the quarter, compared to analysts’ expectations of $7.79 billion. During the same period in the prior year, the company earned $0.25 EPS. The firm’s revenue was up 13.6% on a year-over-year basis. sell-side analysts expect that Schlumberger Limited. will post 1.9 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Wednesday, June 6th will be given a dividend of $0.50 per share. 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 2.98%. Schlumberger’s dividend payout ratio (DPR) is 133.33%.
In related news, VP Claudia Jaramillo sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $72.68, for a total transaction of $218,040.00. Following the completion of the sale, 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 can be accessed through the SEC website. 0.48% of the stock is currently owned by corporate insiders.
SLB has been the subject of several analyst reports. Wells Fargo & Co boosted their price target on Schlumberger from $76.00 to $82.00 and gave the company an “outperform” rating in a report on Thursday, May 24th. ValuEngine upgraded Schlumberger from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. SunTrust Banks set a $82.00 price target on Schlumberger and gave the company a “buy” rating in a report on Monday, April 23rd. Credit Suisse Group set a $80.00 price target on Schlumberger and gave the company a “buy” rating in a report on Monday, April 23rd. Finally, Susquehanna Bancshares set a $87.00 price target on Schlumberger and gave the company a “buy” rating in a report on Monday, April 23rd. Two research 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. The stock currently has an average rating of “Buy” and an average target price of $80.61.
Schlumberger Company Profile
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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