Cohen Klingenstein LLC lifted its holdings in Schlumberger Limited. (NYSE:SLB) by 805.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 99,563 shares of the oil and gas company’s stock after buying an additional 88,563 shares during the period. Cohen Klingenstein LLC’s holdings in Schlumberger were worth $4,338,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. HC Financial Advisors Inc. boosted its stake in shares of Schlumberger by 44.0% during the 3rd quarter. HC Financial Advisors Inc. now owns 24,373 shares of the oil and gas company’s stock worth $1,485,000 after purchasing an additional 7,444 shares during the period. Standard Life Aberdeen plc boosted its stake in shares of Schlumberger by 4.0% during the 3rd quarter. Standard Life Aberdeen plc now owns 4,717,037 shares of the oil and gas company’s stock worth $287,384,000 after purchasing an additional 182,508 shares during the period. BlueMountain Capital Management LLC purchased a new position in shares of Schlumberger during the 3rd quarter worth about $537,000. Thrivent Financial for Lutherans boosted its stake in shares of Schlumberger by 2.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 66,620 shares of the oil and gas company’s stock worth $4,059,000 after purchasing an additional 1,549 shares during the period. Finally, IndexIQ Advisors LLC boosted its stake in shares of Schlumberger by 65.8% during the 3rd quarter. IndexIQ Advisors LLC now owns 14,880 shares of the oil and gas company’s stock worth $906,000 after purchasing an additional 5,907 shares during the period. Hedge funds and other institutional investors own 78.94% of the company’s stock.
A number of equities analysts recently commented on the stock. BMO Capital Markets set a $44.00 price target on shares of Schlumberger and gave the stock a “hold” rating in a research note on Monday. Morgan Stanley set a $51.00 price target on shares of Schlumberger and gave the stock a “hold” rating in a research note on Monday. Raymond James reaffirmed a “hold” rating on shares of Schlumberger in a research note on Tuesday, April 2nd. Zacks Investment Research raised shares of Schlumberger from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Finally, Stifel Nicolaus set a $50.00 price target on shares of Schlumberger and gave the stock a “hold” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $60.45.
Schlumberger stock opened at $45.85 on Tuesday. The stock has a market capitalization of $63.14 billion, a price-to-earnings ratio of 28.30, a P/E/G ratio of 2.04 and a beta of 1.33. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.35 and a quick ratio of 0.87. Schlumberger Limited. has a 1 year low of $34.99 and a 1 year high of $75.43.
Schlumberger (NYSE:SLB) last released its quarterly earnings data on Thursday, April 18th. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30. The company had revenue of $7.88 billion during the quarter, compared to analysts’ expectations of $7.82 billion. Schlumberger had a net margin of 6.19% and a return on equity of 5.87%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 EPS. As a group, research analysts expect that Schlumberger Limited. will post 1.6 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Wednesday, June 5th will be given a $0.50 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $2.00 annualized dividend and a yield of 4.36%. Schlumberger’s dividend payout ratio (DPR) is 123.46%.
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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