Rathbone Brothers plc boosted its position in shares of Schlumberger Limited. (NYSE:SLB) by 6.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 230,411 shares of the oil and gas company’s stock after acquiring an additional 14,803 shares during the quarter. Rathbone Brothers plc’s holdings in Schlumberger were worth $14,037,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in SLB. Fisher Asset Management LLC boosted its stake in shares of Schlumberger by 21,872.1% in the 1st quarter. Fisher Asset Management LLC now owns 5,868,964 shares of the oil and gas company’s stock valued at $380,192,000 after buying an additional 5,842,253 shares during the period. Summit Trail Advisors LLC boosted its stake in shares of Schlumberger by 6,833.5% in the 1st quarter. Summit Trail Advisors LLC now owns 3,457,055 shares of the oil and gas company’s stock valued at $3,457,000 after buying an additional 3,407,195 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Schlumberger by 8.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 29,461,493 shares of the oil and gas company’s stock valued at $1,974,805,000 after buying an additional 2,188,823 shares during the period. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Schlumberger in the 1st quarter valued at about $47,225,000. Finally, Bain Capital Public Equity Management LLC purchased a new position in shares of Schlumberger in the 2nd quarter valued at about $45,421,000. Institutional investors and hedge funds own 78.43% of the company’s stock.
Several brokerages have recently issued reports on SLB. Stephens started coverage on Schlumberger in a research note on Friday. They issued a “weight” rating for the company. Piper Jaffray Companies restated a “buy” rating and set a $80.00 target price on shares of Schlumberger in a research note on Monday, July 23rd. ValuEngine cut Schlumberger from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Wolfe Research started coverage on Schlumberger in a research note on Wednesday. They set a “market perform” rating for the company. Finally, Seaport Global Securities set a $72.00 target price on Schlumberger and gave the stock a “buy” rating in a research note on Monday, July 23rd. Eight equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $78.90.
In other news, Director Michael E. Marks purchased 8,000 shares of the business’s stock in a transaction on Thursday, September 6th. The shares were bought at an average price of $60.31 per share, with a total value of $482,480.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.48% of the company’s stock.
SLB opened at $59.33 on Friday. The company has a market cap of $84.32 billion, a price-to-earnings ratio of 39.55, a PEG ratio of 5.68 and a beta of 0.93. Schlumberger Limited. has a 52 week low of $58.30 and a 52 week high of $80.35. The company has a current ratio of 1.12, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38.
Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, July 20th. The oil and gas company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. The company had revenue of $8.30 billion for the quarter, compared to analyst estimates of $8.35 billion. Schlumberger had a positive return on equity of 6.25% and a negative net margin of 2.34%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share. Equities analysts predict that Schlumberger Limited. will post 1.79 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Wednesday, September 5th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.37%. The ex-dividend date was Tuesday, September 4th. Schlumberger’s dividend payout ratio (DPR) is 133.33%.
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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