Gilman Hill Asset Management LLC Takes $3.87 Million Position in Schlumberger Limited. (SLB)

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Gilman Hill Asset Management LLC bought a new position in Schlumberger Limited. (NYSE:SLB) in the fourth quarter, Holdings Channel reports. The institutional investor bought 107,369 shares of the oil and gas company’s stock, valued at approximately $3,874,000. Schlumberger accounts for approximately 1.6% of Gilman Hill Asset Management LLC’s investment portfolio, making the stock its 21st largest position.

A number of other hedge funds have also modified their holdings of SLB. Capital International Investors grew its stake in Schlumberger by 62.5% in the third quarter. Capital International Investors now owns 33,296,194 shares of the oil and gas company’s stock valued at $2,028,404,000 after acquiring an additional 12,810,020 shares during the period. Bank of New York Mellon Corp grew its stake in Schlumberger by 8.0% in the second 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 acquiring an additional 2,188,823 shares during the period. American Century Companies Inc. grew its stake in Schlumberger by 20.1% in the third quarter. American Century Companies Inc. now owns 10,218,188 shares of the oil and gas company’s stock valued at $622,492,000 after acquiring an additional 1,707,050 shares during the period. Schroder Investment Management Group grew its stake in Schlumberger by 31.5% in the third quarter. Schroder Investment Management Group now owns 4,303,769 shares of the oil and gas company’s stock valued at $262,185,000 after acquiring an additional 1,030,579 shares during the period. Finally, Sound Shore Management Inc. CT acquired a new stake in Schlumberger in the third quarter valued at approximately $61,845,000. Institutional investors and hedge funds own 76.85% of the company’s stock.

Shares of SLB opened at $45.14 on Wednesday. The firm has a market capitalization of $61.69 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 2.35 and a beta of 1.36. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.87 and a current ratio of 1.17. Schlumberger Limited. has a 1 year low of $34.99 and a 1 year high of $75.43.

Schlumberger (NYSE:SLB) last issued its earnings results on Friday, January 18th. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. The firm had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.10 billion. Schlumberger had a return on equity of 6.12% and a net margin of 6.51%. The business’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 earnings per share. Research analysts anticipate that Schlumberger Limited. will post 1.62 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Wednesday, February 13th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, February 12th. This represents a $2.00 annualized dividend and a dividend yield of 4.43%. Schlumberger’s payout ratio is presently 123.46%.

In related news, EVP Peuch Olivier Le sold 15,000 shares of the business’s stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $44.00, for a total transaction of $660,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Patrick Schorn acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 20th. The shares were bought at an average price of $37.55 per share, for a total transaction of $375,500.00. Following the completion of the purchase, the executive vice president now owns 35,000 shares in the company, valued at approximately $1,314,250. The disclosure for this purchase can be found here. Insiders own 0.48% of the company’s stock.

A number of brokerages have commented on SLB. Zacks Investment Research raised Schlumberger from a “sell” rating to a “hold” rating in a research note on Wednesday, December 5th. Royal Bank of Canada set a $58.00 price objective on Schlumberger and gave the company a “buy” rating in a research note on Friday, January 18th. ValuEngine cut Schlumberger from a “hold” rating to a “sell” rating in a research note on Monday, October 29th. Wolfe Research began coverage on Schlumberger in a research note on Wednesday, October 10th. They issued a “market perform” rating for the company. Finally, Credit Suisse Group set a $44.00 price objective on Schlumberger and gave the company a “hold” rating in a research note on Friday, January 18th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $66.65.

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Schlumberger 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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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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