Somerville Kurt F lowered its holdings in Schlumberger Limited. (NYSE:SLB) by 67.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,915 shares of the oil and gas company’s stock after selling 16,770 shares during the period. Somerville Kurt F’s holdings in Schlumberger were worth $285,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Highwater Wealth Management LLC bought a new position in Schlumberger during the fourth quarter worth $45,000. IMS Capital Management acquired a new position in Schlumberger during the third quarter worth $46,000. First Command Bank raised its holdings in shares of Schlumberger by 337.7% in the fourth quarter. First Command Bank now owns 1,497 shares of the oil and gas company’s stock valued at $54,000 after purchasing an additional 1,155 shares during the last quarter. Zions Bancorporation purchased a new stake in shares of Schlumberger in the third quarter valued at about $131,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Schlumberger in the third quarter valued at about $132,000. Institutional investors own 77.07% of the company’s stock.
In other Schlumberger news, EVP Patrick Schorn bought 10,000 shares of the firm’s stock in a transaction on Thursday, December 20th. The stock was acquired at an average price of $37.55 per share, with a total value of $375,500.00. Following the transaction, the executive vice president now owns 35,000 shares in the company, valued at $1,314,250. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Peuch Olivier Le sold 15,000 shares of the business’s stock in a transaction dated Tuesday, January 22nd. The stock was sold at an average price of $44.00, for a total value of $660,000.00. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.
Several brokerages have recently commented on SLB. HSBC upgraded shares of Schlumberger from a “hold” rating to a “buy” rating in a report on Sunday, December 2nd. Credit Suisse Group decreased their price objective on shares of Schlumberger from $82.00 to $71.00 and set an “outperform” rating for the company in a report on Monday, October 22nd. UBS Group decreased their price objective on shares of Schlumberger from $92.00 to $75.00 and set a “buy” rating for the company in a report on Monday, October 22nd. Barclays set a $58.00 target price on shares of Schlumberger and gave the stock a “hold” rating in a research report on Monday, December 10th. Finally, Citigroup cut their target price on shares of Schlumberger from $57.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, January 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $66.65.
NYSE:SLB opened at $44.42 on Thursday. Schlumberger Limited. has a twelve month low of $34.99 and a twelve month high of $75.43. The firm has a market capitalization of $58.83 billion, a P/E ratio of 27.42, a P/E/G ratio of 2.31 and a beta of 1.36. The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 0.40.
Schlumberger (NYSE:SLB) last announced its earnings results on Friday, January 18th. The oil and gas company reported $0.36 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.36. The firm had revenue of $8.18 billion for the quarter, compared to analysts’ expectations of $8.10 billion. Schlumberger had a net margin of 6.51% and a return on equity of 6.12%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 EPS. As a group, analysts predict that Schlumberger Limited. will post 1.59 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Wednesday, February 13th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend is Tuesday, February 12th. Schlumberger’s payout ratio is 123.46%.
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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