Eads & Heald Wealth Management lifted its stake in shares of Schlumberger Limited. (NYSE:SLB) by 16.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,307 shares of the oil and gas company’s stock after buying an additional 2,656 shares during the quarter. Eads & Heald Wealth Management’s holdings in Schlumberger were worth $841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently made changes to their positions in SLB. Norges Bank purchased a new position in shares of Schlumberger during the fourth quarter valued at about $486,635,000. Two Sigma Advisers LP increased its position in shares of Schlumberger by 139,145.2% during the fourth quarter. Two Sigma Advisers LP now owns 7,140,492 shares of the oil and gas company’s stock valued at $257,629,000 after buying an additional 7,135,364 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Schlumberger by 3,478.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,436,967 shares of the oil and gas company’s stock valued at $151,000 after buying an additional 5,285,050 shares during the period. FMR LLC increased its position in shares of Schlumberger by 53.5% during the fourth quarter. FMR LLC now owns 8,150,451 shares of the oil and gas company’s stock valued at $294,067,000 after buying an additional 2,841,792 shares during the period. Finally, BlackRock Inc. increased its position in shares of Schlumberger by 3.0% during the fourth quarter. BlackRock Inc. now owns 89,747,843 shares of the oil and gas company’s stock valued at $3,238,103,000 after buying an additional 2,571,883 shares during the period. Institutional investors own 79.37% of the company’s stock.
Several brokerages recently issued reports on SLB. Morgan Stanley set a $51.00 price target on shares of Schlumberger and gave the company a “hold” rating in a research report on Monday, April 22nd. Barclays reduced their price target on shares of Schlumberger from $52.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 9th. BMO Capital Markets set a $44.00 price objective on shares of Schlumberger and gave the stock a “hold” rating in a research note on Monday, April 22nd. SunTrust Banks boosted their price objective on shares of Schlumberger to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Finally, Raymond James reissued a “hold” rating on shares of Schlumberger in a research note on Tuesday, April 2nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $57.53.
In other news, CFO Simon Ayat sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $46.10, for a total value of $1,152,500.00. Following the transaction, the chief financial officer now owns 255,971 shares in the company, valued at $11,800,263.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Alexander C. Juden sold 8,643 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $43.29, for a total transaction of $374,155.47. Following the completion of the transaction, the insider now owns 70,260 shares in the company, valued at approximately $3,041,555.40. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.
NYSE:SLB opened at $40.27 on Thursday. Schlumberger Limited. has a one year low of $34.99 and a one year high of $75.43. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.99 and a current ratio of 1.35. The stock has a market cap of $56.24 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 1.71 and a beta of 1.31.
Schlumberger (NYSE:SLB) last issued its earnings results on Thursday, April 18th. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.30. The firm had revenue of $7.88 billion for the quarter, compared to the consensus estimate of $7.82 billion. Schlumberger had a net margin of 6.19% and a return on equity of 5.87%. The business’s revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 earnings per share. Research analysts anticipate that Schlumberger Limited. will post 1.57 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Wednesday, June 5th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $2.00 annualized dividend and a dividend yield of 4.97%. Schlumberger’s dividend payout ratio is presently 123.46%.
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Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.
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