Greenwood Capital Associates LLC decreased its stake in Schlumberger Limited. (NYSE:SLB) by 15.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,730 shares of the oil and gas company’s stock after selling 7,165 shares during the period. Greenwood Capital Associates LLC owned about 28.68% of Schlumberger worth $2,772,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of SLB. Comprehensive Portfolio Management LLC bought a new position in shares of Schlumberger during the second quarter valued at $885,000. Bank of Montreal Can raised its stake in shares of Schlumberger by 41.6% during the second quarter. Bank of Montreal Can now owns 1,601,025 shares of the oil and gas company’s stock valued at $105,414,000 after acquiring an additional 470,615 shares during the last quarter. WFG Advisors LP raised its stake in shares of Schlumberger by 51.5% during the second quarter. WFG Advisors LP now owns 11,332 shares of the oil and gas company’s stock valued at $746,000 after acquiring an additional 3,853 shares during the last quarter. Denver Investment Advisors LLC raised its stake in shares of Schlumberger by 5.8% during the second quarter. Denver Investment Advisors LLC now owns 160,191 shares of the oil and gas company’s stock valued at $10,547,000 after acquiring an additional 8,817 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new position in shares of Schlumberger during the second quarter valued at $14,156,000. 79.31% of the stock is owned by institutional investors and hedge funds.
Shares of Schlumberger Limited. (NYSE:SLB) opened at $77.97 on Friday. Schlumberger Limited. has a 12-month low of $61.02 and a 12-month high of $87.84. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.53. The firm has a market cap of $108,010.00, a price-to-earnings ratio of 199.92, a PEG ratio of 1.53 and a beta of 1.01.
Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. The business had revenue of $7.91 billion during the quarter, compared to analysts’ expectations of $7.91 billion. Schlumberger had a net margin of 1.86% and a return on equity of 4.42%. The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the company posted $0.25 earnings per share. research analysts anticipate that Schlumberger Limited. will post 1.46 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Wednesday, December 6th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend was Tuesday, December 5th. Schlumberger’s payout ratio is 512.82%.
Several equities analysts have recently issued reports on SLB shares. Jefferies Group set a $78.00 price target on shares of Schlumberger and gave the company a “buy” rating in a research note on Thursday, January 4th. Loop Capital dropped their price target on shares of Schlumberger from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday, October 26th. Scotiabank set a $80.00 price target on shares of Schlumberger and gave the company a “buy” rating in a research note on Saturday, October 21st. Royal Bank of Canada set a $86.00 price target on shares of Schlumberger and gave the company a “buy” rating in a research note on Saturday, October 7th. Finally, Citigroup raised their price target on shares of Schlumberger from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, October 5th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $79.56.
In other Schlumberger news, Director Tore I. Sandvold sold 3,500 shares of the firm’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total value of $219,205.00. Following the completion of the sale, the director now directly owns 1,500 shares in the company, valued at $93,945. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.38% of the company’s stock.
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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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