Comprehensive Portfolio Management LLC Purchases New Holdings in Schlumberger Limited. (SLB)

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.

About Schlumberger

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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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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