Financial Management Professionals Inc. decreased its position in Schlumberger Limited. (NYSE:SLB) by 5.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,670 shares of the oil and gas company’s stock after selling 334 shares during the quarter. Financial Management Professionals Inc.’s holdings in Schlumberger were worth $194,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Schlumberger by 1.5% during the second quarter. Vanguard Group Inc. now owns 112,662,996 shares of the oil and gas company’s stock valued at $4,477,227,000 after acquiring an additional 1,715,548 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Schlumberger by 2.7% during the second quarter. BlackRock Inc. now owns 89,868,836 shares of the oil and gas company’s stock valued at $3,571,386,000 after acquiring an additional 2,340,320 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Schlumberger by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 27,028,270 shares of the oil and gas company’s stock valued at $1,074,104,000 after acquiring an additional 96,574 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Schlumberger by 57.3% during the second quarter. Invesco Ltd. now owns 16,703,642 shares of the oil and gas company’s stock valued at $663,804,000 after acquiring an additional 6,087,455 shares in the last quarter. Finally, Clearbridge Investments LLC increased its holdings in shares of Schlumberger by 9.7% during the first quarter. Clearbridge Investments LLC now owns 13,660,190 shares of the oil and gas company’s stock valued at $595,174,000 after acquiring an additional 1,203,997 shares in the last quarter. Institutional investors and hedge funds own 76.66% of the company’s stock.
Several equities analysts have recently weighed in on SLB shares. Bank of America reduced their price target on Schlumberger from $51.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, August 28th. AltaCorp Capital reaffirmed an “outperform” rating on shares of Schlumberger in a research report on Thursday, June 20th. Raymond James reaffirmed a “hold” rating on shares of Schlumberger in a research report on Friday, June 21st. Barclays raised Schlumberger from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $45.00 to $50.00 in a research report on Monday, September 16th. Finally, Morgan Stanley dropped their price objective on Schlumberger from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the stock. Schlumberger currently has a consensus rating of “Buy” and a consensus target price of $49.39.
NYSE:SLB traded up $1.43 on Friday, hitting $32.50. The stock had a trading volume of 651,294 shares, compared to its average volume of 12,549,562. The business’s 50-day simple moving average is $34.18 and its two-hundred day simple moving average is $38.22. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 0.47. Schlumberger Limited. has a 52-week low of $30.65 and a 52-week high of $61.19. The stock has a market cap of $42.47 billion, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 2.19 and a beta of 1.49.
Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, July 19th. The oil and gas company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. Schlumberger had a return on equity of 5.62% and a net margin of 6.38%. The firm had revenue of $8.27 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter last year, the company earned $0.43 earnings per share. The business’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, equities research analysts anticipate that Schlumberger Limited. will post 1.48 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Wednesday, September 4th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 6.15%. The ex-dividend date of this dividend is Tuesday, September 3rd. Schlumberger’s dividend payout ratio (DPR) is currently 123.46%.
Schlumberger Company Profile
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.
Want to see what other hedge funds are holding SLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schlumberger Limited. (NYSE:SLB).
Receive News & Ratings for Schlumberger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger and related companies with MarketBeat.com's FREE daily email newsletter.