Willingdon Wealth Management lifted its position in shares of Schlumberger Limited. (NYSE:SLB) by 7.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 62,487 shares of the oil and gas company’s stock after buying an additional 4,562 shares during the period. Schlumberger accounts for approximately 1.0% of Willingdon Wealth Management’s portfolio, making the stock its 28th largest holding. Willingdon Wealth Management’s holdings in Schlumberger were worth $3,807,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Truvestments Capital LLC purchased a new position in shares of Schlumberger during the third quarter valued at approximately $132,000. Squar Milner Financial Services LLC purchased a new position in shares of Schlumberger during the second quarter valued at approximately $157,000. Westbourne Investment Advisors Inc. purchased a new position in shares of Schlumberger during the third quarter valued at approximately $158,000. FNY Investment Advisers LLC purchased a new position in shares of Schlumberger during the second quarter valued at approximately $182,000. Finally, NuWave Investment Management LLC lifted its stake in shares of Schlumberger by 5,526.5% during the third quarter. NuWave Investment Management LLC now owns 2,757 shares of the oil and gas company’s stock valued at $168,000 after buying an additional 2,708 shares during the period. 78.47% of the stock is currently owned by institutional investors and hedge funds.
In other Schlumberger news, Director Michael E. Marks bought 8,000 shares of the business’s stock in a transaction dated Thursday, September 6th. The shares were acquired at an average price of $60.31 per share, with a total value of $482,480.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Simon Ayat sold 60,000 shares of the firm’s stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $56.60, for a total transaction of $3,396,000.00. Following the completion of the transaction, the chief financial officer now directly owns 234,008 shares in the company, valued at approximately $13,244,852.80. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.
NYSE:SLB opened at $51.96 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38. The company has a market cap of $71.18 billion, a price-to-earnings ratio of 34.64, a P/E/G ratio of 5.07 and a beta of 1.03. Schlumberger Limited. has a fifty-two week low of $50.72 and a fifty-two week high of $80.35.
Schlumberger (NYSE:SLB) last issued its earnings results on Friday, October 19th. The oil and gas company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.01. Schlumberger had a negative net margin of 2.00% and a positive return on equity of 6.55%. The business had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.57 billion. During the same quarter last year, the firm posted $0.42 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities analysts predict that Schlumberger Limited. will post 1.69 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Wednesday, December 5th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend is Tuesday, December 4th. Schlumberger’s dividend payout ratio is presently 133.33%.
Several equities analysts recently issued reports on SLB shares. Jefferies Financial Group set a $80.00 price objective on shares of Schlumberger and gave the company a “buy” rating in a research note on Monday, July 23rd. Seaport Global Securities set a $72.00 price objective on shares of Schlumberger and gave the company a “buy” rating in a research note on Monday, July 23rd. Citigroup cut their price target on shares of Schlumberger from $78.00 to $77.00 and set a “buy” rating on the stock in a research note on Monday, July 23rd. Credit Suisse Group increased their price target on shares of Schlumberger from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, July 23rd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $80.00 price target on shares of Schlumberger in a research note on Monday, July 23rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have given a buy rating to the company. Schlumberger currently has an average rating of “Buy” and an average price target of $76.84.
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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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