Profund Advisors LLC lowered its holdings in Schlumberger Limited. (NYSE:SLB) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,704 shares of the oil and gas company’s stock after selling 3,982 shares during the quarter. Profund Advisors LLC’s holdings in Schlumberger were worth $3,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of SLB. Ilmarinen Mutual Pension Insurance Co purchased a new position in shares of Schlumberger in the third quarter worth $6,287,000. Voya Investment Management LLC raised its stake in shares of Schlumberger by 57.2% in the third quarter. Voya Investment Management LLC now owns 1,258,321 shares of the oil and gas company’s stock worth $42,997,000 after purchasing an additional 457,879 shares during the last quarter. Voya Financial Advisors Inc. raised its stake in shares of Schlumberger by 7.9% in the third quarter. Voya Financial Advisors Inc. now owns 9,921 shares of the oil and gas company’s stock worth $341,000 after purchasing an additional 727 shares during the last quarter. Redpoint Investment Management Pty Ltd increased its position in Schlumberger by 108.4% during the third quarter. Redpoint Investment Management Pty Ltd now owns 68,280 shares of the oil and gas company’s stock valued at $2,333,000 after acquiring an additional 35,519 shares during the last quarter. Finally, MV Capital Management Inc. increased its position in Schlumberger by 12.3% during the third quarter. MV Capital Management Inc. now owns 9,972 shares of the oil and gas company’s stock valued at $341,000 after acquiring an additional 1,092 shares during the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.
SLB has been the subject of a number of research reports. Wolfe Research upgraded Schlumberger from a “peer perform” rating to an “outperform” rating in a research report on Thursday, March 19th. Bernstein Bank initiated coverage on Schlumberger in a research report on Tuesday, January 14th. They set an “underperform” rating and a $27.10 price objective for the company. Cfra cut Schlumberger from a “hold” rating to a “sell” rating and reduced their price objective for the company from $42.00 to $15.00 in a research report on Monday, March 9th. Cowen cut Schlumberger from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $44.00 to $42.00 in a research report on Tuesday, January 21st. Finally, ValuEngine upgraded Schlumberger from a “sell” rating to a “hold” rating in a research report on Tuesday. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $35.99.
SLB traded up $0.92 during midday trading on Thursday, reaching $15.52. The company had a trading volume of 22,178,295 shares, compared to its average volume of 18,073,920. The company has a quick ratio of 0.87, a current ratio of 1.19 and a debt-to-equity ratio of 0.61. The business has a 50-day moving average of $26.02 and a two-hundred day moving average of $33.73. The company has a market cap of $20.28 billion, a P/E ratio of -2.12, a P/E/G ratio of 1.23 and a beta of 1.68. Schlumberger Limited. has a 1 year low of $11.87 and a 1 year high of $48.88.
Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $8.23 billion during the quarter, compared to analysts’ expectations of $8.16 billion. Schlumberger had a positive return on equity of 6.77% and a negative net margin of 30.80%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 earnings per share. On average, equities research analysts predict that Schlumberger Limited. will post 1.12 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Wednesday, February 12th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.89%. The ex-dividend date of this dividend is Tuesday, February 11th. Schlumberger’s dividend payout ratio (DPR) is 136.05%.
In other Schlumberger news, Director Vijay Kasibhatla acquired 2,000 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was purchased at an average price of $17.05 per share, with a total value of $34,100.00. Following the completion of the purchase, the director now directly owns 29,362 shares in the company, valued at approximately $500,622.10. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Rajeev Sonthalia acquired 1,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was acquired at an average cost of $35.24 per share, with a total value of $35,240.00. Following the purchase, the insider now owns 13,829 shares of the company’s stock, valued at $487,333.96. The disclosure for this purchase can be found here. Corporate insiders own 0.58% of the company’s stock.
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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