Actinver Wealth Management Inc. acquired a new stake in Schlumberger Limited. (NYSE:SLB) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 22,498 shares of the oil and gas company’s stock, valued at approximately $1,481,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in SLB. HC Financial Advisors Inc. boosted its holdings in shares of Schlumberger by 44.0% in the third quarter. HC Financial Advisors Inc. now owns 24,373 shares of the oil and gas company’s stock valued at $1,485,000 after acquiring an additional 7,444 shares during the period. Bank of New York Mellon Corp boosted its stake in Schlumberger by 5.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 31,019,971 shares of the oil and gas company’s stock worth $1,889,738,000 after purchasing an additional 1,558,478 shares during the period. CI Investments Inc. boosted its stake in Schlumberger by 41.4% during the 3rd quarter. CI Investments Inc. now owns 756,840 shares of the oil and gas company’s stock worth $46,107,000 after purchasing an additional 221,700 shares during the period. Canada Pension Plan Investment Board grew its position in Schlumberger by 220.4% during the 3rd quarter. Canada Pension Plan Investment Board now owns 65,665 shares of the oil and gas company’s stock worth $4,000,000 after purchasing an additional 45,173 shares during the last quarter. Finally, Standard Life Aberdeen plc grew its position in 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 last quarter. Institutional investors and hedge funds own 78.93% of the company’s stock.
SLB has been the subject of a number of research reports. Raymond James reaffirmed a “hold” rating on shares of Schlumberger in a report on Tuesday, April 2nd. Zacks Investment Research upgraded shares of Schlumberger from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Royal Bank of Canada set a $58.00 price target on Schlumberger and gave the stock a “buy” rating in a report on Friday, January 18th. Credit Suisse Group set a $44.00 price target on Schlumberger and gave the company a “hold” rating in a research report on Friday, January 18th. Finally, Jefferies Financial Group downgraded Schlumberger from a “buy” rating to a “hold” rating and reduced their price objective for the company from $50.00 to $45.00 in a research note on Friday, March 15th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $65.50.
In other Schlumberger news, EVP Peuch Olivier Le sold 15,000 shares of the stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $44.00, for a total value of $660,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.48% of the company’s stock.
Shares of SLB opened at $45.00 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.87 and a current ratio of 1.17. Schlumberger Limited. has a twelve month low of $34.99 and a twelve month high of $75.43. The company has a market capitalization of $61.12 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 2.37 and a beta of 1.33.
Schlumberger (NYSE:SLB) last issued its earnings results on Friday, January 18th. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.36. The business had revenue of $8.18 billion during the quarter, compared to the consensus estimate of $8.10 billion. Schlumberger had a return on equity of 6.12% and a net margin of 6.51%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 EPS. Analysts expect that Schlumberger Limited. will post 1.59 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Wednesday, February 13th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date of this dividend is Tuesday, February 12th. Schlumberger’s dividend payout ratio is presently 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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