Fiduciary Management Inc. WI trimmed its stake in Schlumberger Limited. (NYSE:SLB) by 2.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 9,498,185 shares of the oil and gas company’s stock after selling 193,063 shares during the quarter. Schlumberger makes up about 3.8% of Fiduciary Management Inc. WI’s investment portfolio, making the stock its 6th largest holding. Fiduciary Management Inc. WI owned about 0.69% of Schlumberger worth $625,361,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of SLB. First Eagle Investment Management LLC raised its stake in shares of Schlumberger by 103.9% during the second quarter. First Eagle Investment Management LLC now owns 16,025,764 shares of the oil and gas company’s stock valued at $1,055,136,000 after purchasing an additional 8,167,945 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Schlumberger by 33.5% during the second quarter. American Century Companies Inc. now owns 11,117,713 shares of the oil and gas company’s stock valued at $731,990,000 after purchasing an additional 2,791,675 shares in the last quarter. Cambiar Investors LLC raised its stake in shares of Schlumberger by 53.8% during the second quarter. Cambiar Investors LLC now owns 4,934,780 shares of the oil and gas company’s stock valued at $324,906,000 after purchasing an additional 1,726,174 shares in the last quarter. Sustainable Growth Advisers LP raised its stake in shares of Schlumberger by 88.7% during the second quarter. Sustainable Growth Advisers LP now owns 3,110,888 shares of the oil and gas company’s stock valued at $204,821,000 after purchasing an additional 1,462,060 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of Schlumberger by 25.8% during the first quarter. Swiss National Bank now owns 5,241,535 shares of the oil and gas company’s stock valued at $409,364,000 after purchasing an additional 1,075,000 shares in the last quarter. Institutional investors own 79.77% of the company’s stock.
In other Schlumberger news, Director Tore I. Sandvold sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total transaction of $219,205.00. Following the completion of the sale, the director now directly owns 1,500 shares in the company, valued at approximately $93,945. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.38% of the company’s stock.
A number of research analysts recently issued reports on SLB shares. Argus started coverage on Schlumberger in a report on Monday, August 21st. They set a “buy” rating on the stock. BidaskClub lowered Schlumberger from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Barclays set a $70.00 target price on Schlumberger and gave the stock a “hold” rating in a report on Wednesday, October 25th. SunTrust Banks reaffirmed a “hold” rating on shares of Schlumberger in a report on Tuesday, October 31st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $70.00 target price (down from $86.00) on shares of Schlumberger in a report on Monday, October 16th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Schlumberger currently has a consensus rating of “Buy” and an average target price of $79.31.
Shares of Schlumberger Limited. (NYSE SLB) traded down $1.38 on Thursday, reaching $62.07. The company had a trading volume of 9,299,300 shares, compared to its average volume of 7,106,954. The stock has a market cap of $87,894.88, a PE ratio of 49.19, a P/E/G ratio of 1.94 and a beta of 1.01. Schlumberger Limited. has a 1 year low of $61.02 and a 1 year high of $87.84. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.53 and a quick ratio of 1.20.
Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.42. Schlumberger had a return on equity of 4.42% and a net margin of 1.86%. The firm had revenue of $7.91 billion during the quarter, compared to analyst estimates of $7.91 billion. During the same period last year, the company posted $0.25 EPS. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. equities analysts anticipate that Schlumberger Limited. will post 1.47 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Wednesday, December 6th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 5th. This represents a $2.00 dividend on an annualized basis and a yield of 3.22%. Schlumberger’s payout ratio is presently 512.83%.
Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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