Comprehensive Portfolio Management LLC purchased a new stake in Schlumberger Limited. (NYSE:SLB) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 13,445 shares of the oil and gas company’s stock, valued at approximately $819,000.
Several other large investors have also added to or reduced their stakes in SLB. Mainstay Capital Management LLC ADV increased its position in shares of Schlumberger by 3,884.1% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 6,773 shares of the oil and gas company’s stock valued at $105,000 after purchasing an additional 6,603 shares during the last quarter. Moneta Group Investment Advisors LLC increased its position in shares of Schlumberger by 909.1% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 22,352 shares of the oil and gas company’s stock valued at $138,000 after purchasing an additional 20,137 shares during the last quarter. SRS Capital Advisors Inc. increased its position in shares of Schlumberger by 57.6% during the 1st quarter. SRS Capital Advisors Inc. now owns 2,323 shares of the oil and gas company’s stock valued at $150,000 after purchasing an additional 849 shares during the last quarter. McKinley Carter Wealth Services Inc. bought a new position in shares of Schlumberger during the 1st quarter valued at about $154,000. Finally, Squar Milner Financial Services LLC bought a new position in shares of Schlumberger during the 2nd quarter valued at about $157,000. 78.43% of the stock is currently owned by hedge funds and other institutional investors.
In other Schlumberger news, Director Michael E. Marks acquired 8,000 shares of the company’s stock in a transaction on Thursday, September 6th. The stock was acquired at an average price of $60.31 per share, for a total transaction of $482,480.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.48% of the company’s stock.
SLB opened at $59.33 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.12. Schlumberger Limited. has a 1 year low of $58.30 and a 1 year high of $80.35. The company has a market cap of $84.32 billion, a P/E ratio of 39.55, a P/E/G ratio of 5.68 and a beta of 0.93.
Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, July 20th. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. Schlumberger had a positive return on equity of 6.25% and a negative net margin of 2.34%. The business had revenue of $8.30 billion for the quarter, compared to analyst estimates of $8.35 billion. During the same period last year, the company earned $0.35 EPS. Schlumberger’s revenue for the quarter was up 11.3% compared to the same quarter last year. Research analysts forecast that Schlumberger Limited. will post 1.79 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Wednesday, September 5th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend was Tuesday, September 4th. Schlumberger’s dividend payout ratio (DPR) is currently 133.33%.
Several brokerages have recently commented on SLB. Stephens began coverage on Schlumberger in a research report on Friday. They set a “weight” rating on the stock. Piper Jaffray Companies reiterated a “buy” rating and set a $80.00 price objective on shares of Schlumberger in a research report on Monday, July 23rd. ValuEngine lowered Schlumberger from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Wolfe Research began coverage on Schlumberger in a research report on Wednesday. They set a “market perform” rating on the stock. Finally, Seaport Global Securities set a $72.00 price objective on Schlumberger and gave the company a “buy” rating in a research report on Monday, July 23rd. Eight investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $78.90.
Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.
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