Van Strum & Towne Inc. increased its position in Schlumberger Limited. (NYSE:SLB) by 8.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 66,563 shares of the oil and gas company’s stock after purchasing an additional 4,905 shares during the period. Schlumberger accounts for about 2.0% of Van Strum & Towne Inc.’s holdings, making the stock its 20th biggest holding. Van Strum & Towne Inc.’s holdings in Schlumberger were worth $2,402,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Soros Fund Management LLC bought a new stake in shares of Schlumberger during the third quarter valued at approximately $3,046,000. Greylin Investment Mangement Inc. bought a new stake in shares of Schlumberger during the third quarter valued at approximately $7,963,000. Fosun International Ltd bought a new stake in shares of Schlumberger during the third quarter valued at approximately $1,847,000. Kentucky Retirement Systems bought a new stake in shares of Schlumberger during the third quarter valued at approximately $9,798,000. Finally, Lee Danner & Bass Inc. raised its holdings in Schlumberger by 11.4% during the fourth quarter. Lee Danner & Bass Inc. now owns 128,987 shares of the oil and gas company’s stock worth $4,654,000 after purchasing an additional 13,203 shares in the last quarter. 77.96% of the stock is owned by hedge funds and other institutional investors.
In other Schlumberger news, EVP Peuch Olivier Le sold 15,000 shares of Schlumberger stock in a transaction that occurred on Tuesday, January 22nd. The shares were sold at an average price of $44.00, for a total transaction of $660,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Patrick Schorn acquired 10,000 shares of the stock in a transaction on Thursday, December 20th. The shares were purchased at an average price of $37.55 per share, for a total transaction of $375,500.00. Following the completion of the transaction, the executive vice president now owns 35,000 shares in the company, valued at approximately $1,314,250. The disclosure for this purchase can be found here. Insiders own 0.48% of the company’s stock.
Schlumberger stock traded up $0.37 during mid-day trading on Tuesday, hitting $43.73. The company’s stock had a trading volume of 65,776 shares, compared to its average volume of 8,228,661. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.87 and a current ratio of 1.17. The firm has a market cap of $58.75 billion, a price-to-earnings ratio of 27.02, a price-to-earnings-growth ratio of 2.29 and a beta of 1.34. Schlumberger Limited. has a twelve month low of $34.99 and a twelve month high of $75.43.
Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, January 18th. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. Schlumberger had a net margin of 6.51% and a return on equity of 6.12%. The firm had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.10 billion. During the same quarter in the previous year, the business posted $0.48 earnings per share. The firm’s quarterly revenue was up .0% compared to the same quarter last year. As a group, equities analysts predict that Schlumberger Limited. will post 1.59 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Wednesday, February 13th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.57%. The ex-dividend date is Tuesday, February 12th. Schlumberger’s payout ratio is 123.46%.
SLB has been the topic of several recent analyst reports. Citigroup dropped their target price on Schlumberger from $57.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, January 4th. Bank of America reissued a “buy” rating and set a $52.00 target price (down previously from $69.00) on shares of Schlumberger in a report on Monday, December 3rd. HSBC raised Schlumberger from a “hold” rating to a “buy” rating in a report on Sunday, December 2nd. Jefferies Financial Group dropped their target price on Schlumberger to $54.00 and set a “buy” rating on the stock in a report on Thursday, December 6th. Finally, Royal Bank of Canada set a $58.00 target price on Schlumberger and gave the stock a “buy” rating in a report on Friday, January 18th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. Schlumberger presently has a consensus rating of “Hold” and a consensus price target of $65.50.
Schlumberger Company Profile
Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.
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