Exencial Wealth Advisors LLC grew its stake in shares of Schlumberger Limited. (NYSE:SLB) by 8.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,363 shares of the oil and gas company’s stock after purchasing an additional 5,695 shares during the quarter. Schlumberger makes up approximately 1.0% of Exencial Wealth Advisors LLC’s investment portfolio, making the stock its 29th largest position. Exencial Wealth Advisors LLC’s holdings in Schlumberger were worth $4,226,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the stock. Portland Global Advisors LLC increased its holdings in Schlumberger by 2.8% in the 2nd quarter. Portland Global Advisors LLC now owns 28,240 shares of the oil and gas company’s stock worth $1,893,000 after buying an additional 770 shares during the period. First Merchants Corp lifted its position in shares of Schlumberger by 1.4% during the 2nd quarter. First Merchants Corp now owns 54,946 shares of the oil and gas company’s stock valued at $3,683,000 after buying an additional 778 shares in the last quarter. Guyasuta Investment Advisors Inc. raised its stake in Schlumberger by 0.5% in the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 165,349 shares of the oil and gas company’s stock valued at $11,083,000 after purchasing an additional 809 shares during the last quarter. Summit Securities Group LLC raised its stake in Schlumberger by 22.7% in the 2nd quarter. Summit Securities Group LLC now owns 4,500 shares of the oil and gas company’s stock valued at $302,000 after purchasing an additional 832 shares during the last quarter. Finally, Atria Investments LLC raised its stake in Schlumberger by 4.0% in the 2nd quarter. Atria Investments LLC now owns 21,824 shares of the oil and gas company’s stock valued at $1,463,000 after purchasing an additional 836 shares during the last quarter. 78.47% of the stock is owned by institutional investors.
Shares of SLB stock opened at $50.40 on Friday. The firm has a market cap of $72.45 billion, a PE ratio of 33.60, a PEG ratio of 5.16 and a beta of 1.03. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.13. Schlumberger Limited. has a 1 year low of $50.00 and a 1 year 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, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.01. The business had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $8.57 billion. Schlumberger had a positive return on equity of 6.55% and a negative net margin of 2.00%. Schlumberger’s revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.42 earnings per share. As a group, research analysts expect that Schlumberger Limited. will post 1.69 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Wednesday, December 5th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $2.00 dividend on an annualized basis and a yield of 3.97%. Schlumberger’s payout ratio is 133.33%.
SLB has been the subject of a number of recent research reports. Citigroup cut their target price on Schlumberger from $77.00 to $72.00 and set a “buy” rating for the company in a research note on Monday, October 22nd. Morgan Stanley initiated coverage on Schlumberger in a report on Tuesday, September 18th. They set an “equal weight” rating and a $72.00 target price for the company. Stifel Nicolaus initiated coverage on Schlumberger in a research note on Monday, September 10th. They issued a “hold” rating and a $69.00 price objective for the company. ValuEngine cut Schlumberger from a “hold” rating to a “sell” rating in a research note on Tuesday, September 4th. Finally, Jefferies Financial Group decreased their target price on Schlumberger from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, September 26th. Two equities research 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’s stock. The stock has an average rating of “Buy” and an average price target of $76.84.
In other Schlumberger news, Director Michael E. Marks acquired 8,000 shares of the company’s stock in a transaction dated Thursday, September 6th. The shares were acquired at an average cost of $60.31 per share, for a total transaction of $482,480.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Simon Ayat sold 60,000 shares of Schlumberger stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $56.60, for a total value of $3,396,000.00. Following the completion of the transaction, the chief financial officer now owns 234,008 shares in the company, valued at $13,244,852.80. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.
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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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