Intact Investment Management Inc. raised its holdings in Schlumberger Limited. (NYSE:SLB) by 92.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,800 shares of the oil and gas company’s stock after purchasing an additional 5,200 shares during the period. Intact Investment Management Inc.’s holdings in Schlumberger were worth $711,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of SLB. Front Barnett Associates LLC grew its position in Schlumberger by 1.6% during the 1st quarter. Front Barnett Associates LLC now owns 128,518 shares of the oil and gas company’s stock valued at $10,037,000 after purchasing an additional 2,050 shares during the last quarter. American Century Companies Inc. lifted its stake in Schlumberger by 30.8% during the 1st quarter. American Century Companies Inc. now owns 8,326,038 shares of the oil and gas company’s stock valued at $650,264,000 after acquiring an additional 1,959,214 shares during the period. Grisanti Capital Management LLC lifted its stake in shares of Schlumberger by 58.4% in the 1st quarter. Grisanti Capital Management LLC now owns 91,110 shares of the oil and gas company’s stock worth $7,116,000 after purchasing an additional 33,590 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Schlumberger by 5.3% in the 1st quarter. Daiwa Securities Group Inc. now owns 40,213 shares of the oil and gas company’s stock worth $3,141,000 after purchasing an additional 2,007 shares during the period. Finally, Community Bank N.A. lifted its stake in shares of Schlumberger by 2.4% in the 1st quarter. Community Bank N.A. now owns 16,949 shares of the oil and gas company’s stock worth $1,323,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 79.77% of the company’s stock.
In other news, Director Tore I. Sandvold sold 3,500 shares of the firm’s 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 completion of the sale, the director now directly owns 1,500 shares of the company’s stock, valued at approximately $93,945. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.38% of the stock is owned by company insiders.
A number of equities research analysts have commented on SLB shares. BidaskClub cut shares of Schlumberger from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Argus began coverage on shares of Schlumberger in a report on Monday, August 21st. They set a “buy” rating for the company. Jefferies Group set a $80.00 price target on Schlumberger and gave the stock a “buy” rating in a research report on Friday, August 25th. Sanford C. Bernstein restated an “outperform” rating and issued a $80.00 price target on shares of Schlumberger in a research report on Wednesday, September 6th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $74.00 target price on shares of Schlumberger in a research report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Schlumberger presently has a consensus rating of “Buy” and an average target price of $79.31.
Schlumberger Limited. (NYSE:SLB) remained flat at $$62.07 during trading hours on Thursday. The company had a trading volume of 7,862,521 shares, compared to its average volume of 7,110,155. The stock has a market cap of $85,860.00, a PE ratio of 49.19, a P/E/G ratio of 1.94 and a beta of 1.01. The company has a current ratio of 1.53, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40. Schlumberger Limited. has a 12-month low of $61.02 and a 12-month high of $87.84.
Schlumberger (NYSE:SLB) last announced its earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. Schlumberger had a return on equity of 4.42% and a net margin of 1.86%. The company had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $7.91 billion. During the same period last year, the business posted $0.25 EPS. The company’s revenue was up 12.6% on a year-over-year basis. research analysts expect that Schlumberger Limited. will post 1.47 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Wednesday, December 6th will be issued 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 is currently 512.82%.
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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.
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