Schlumberger Limited. (NYSE:SLB) Position Boosted by Autus Asset Management LLC

Autus Asset Management LLC raised its holdings in Schlumberger Limited. (NYSE:SLB) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,105 shares of the oil and gas company’s stock after purchasing an additional 2,701 shares during the period. Autus Asset Management LLC’s holdings in Schlumberger were worth $5,471,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of SLB. Tradewinds Capital Management LLC grew its position in Schlumberger by 29.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock valued at $104,000 after purchasing an additional 307 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in shares of Schlumberger by 18.0% in the 1st quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock worth $145,000 after purchasing an additional 310 shares during the period. Valley National Advisers Inc. lifted its stake in shares of Schlumberger by 0.3% in the 2nd quarter. Valley National Advisers Inc. now owns 2,594 shares of the oil and gas company’s stock worth $171,000 after purchasing an additional 8 shares during the period. Baystate Wealth Management LLC lifted its stake in shares of Schlumberger by 12.7% in the 2nd quarter. Baystate Wealth Management LLC now owns 2,707 shares of the oil and gas company’s stock worth $181,000 after purchasing an additional 305 shares during the period. Finally, Rational Advisors LLC bought a new stake in Schlumberger during the 2nd quarter worth approximately $198,000. 79.77% of the stock is owned by institutional investors.

Schlumberger Limited. (SLB) remained flat at $$62.07 during mid-day trading on Thursday. 7,862,521 shares of the stock were exchanged, compared to its average volume of 7,110,155. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.53. Schlumberger Limited. has a 12 month low of $61.02 and a 12 month high of $87.84. The company has a market cap of $85,860.00, a price-to-earnings ratio of 49.19, a price-to-earnings-growth ratio of 1.94 and a beta of 1.01.

Schlumberger (NYSE:SLB) last issued its earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. Schlumberger had a return on equity of 4.42% and a net margin of 1.86%. The business had revenue of $7.91 billion for the quarter, compared to analyst estimates of $7.91 billion. During the same quarter last year, the company earned $0.25 EPS. The business’s quarterly revenue was up 12.6% on a year-over-year basis. research analysts anticipate that Schlumberger Limited. will post 1.47 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Wednesday, December 6th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $2.00 annualized dividend and a dividend yield of 3.22%. Schlumberger’s dividend payout ratio (DPR) is currently 512.82%.

A number of equities research analysts have commented on SLB shares. Jefferies Group set a $80.00 target price on shares of Schlumberger and gave the stock a “buy” rating in a research note on Friday, August 25th. Loop Capital cut their price objective on shares of Schlumberger from $80.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, October 26th. Royal Bank Of Canada set a $86.00 target price on shares of Schlumberger and gave the company a “buy” rating in a report on Saturday, October 7th. Scotiabank set a $80.00 price target on Schlumberger and gave the stock a “buy” rating in a research report on Saturday, October 21st. Finally, Citigroup raised their price target on Schlumberger from $77.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, October 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Schlumberger has an average rating of “Buy” and a consensus target price of $79.31.

In other Schlumberger news, Director Tore I. Sandvold sold 3,500 shares of Schlumberger stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total value of $219,205.00. Following the transaction, the director now directly owns 1,500 shares in the company, valued at approximately $93,945. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.38% of the company’s stock.

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Schlumberger Profile

Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.

Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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