Greenleaf Trust Has $885,000 Holdings in Schlumberger Limited (NYSE:SLB)

Greenleaf Trust raised its holdings in shares of Schlumberger Limited (NYSE:SLBGet Rating) by 22.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,759 shares of the oil and gas company’s stock after purchasing an additional 4,501 shares during the period. Greenleaf Trust’s holdings in Schlumberger were worth $885,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in SLB. GQG Partners LLC lifted its position in Schlumberger by 1,413.5% during the 1st quarter. GQG Partners LLC now owns 27,916,533 shares of the oil and gas company’s stock valued at $1,153,123,000 after purchasing an additional 26,072,056 shares during the period. Jennison Associates LLC raised its position in shares of Schlumberger by 3,475.2% in the 1st quarter. Jennison Associates LLC now owns 18,156,166 shares of the oil and gas company’s stock valued at $750,031,000 after acquiring an additional 17,648,324 shares during the period. Wellington Management Group LLP raised its position in shares of Schlumberger by 168.9% in the 1st quarter. Wellington Management Group LLP now owns 24,168,526 shares of the oil and gas company’s stock valued at $998,402,000 after acquiring an additional 15,182,043 shares during the period. Carmignac Gestion acquired a new stake in shares of Schlumberger in the 1st quarter valued at approximately $300,591,000. Finally, Bank of Nova Scotia raised its position in shares of Schlumberger by 2,647.4% in the 1st quarter. Bank of Nova Scotia now owns 7,307,479 shares of the oil and gas company’s stock valued at $301,872,000 after acquiring an additional 7,041,504 shares during the period. 78.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Schlumberger

In related news, EVP Mogharbel Khaled Al sold 57,467 shares of the firm’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $54.85, for a total value of $3,152,064.95. Following the completion of the transaction, the executive vice president now directly owns 183,551 shares of the company’s stock, valued at $10,067,772.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Mogharbel Khaled Al sold 57,467 shares of the firm’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $54.85, for a total value of $3,152,064.95. Following the completion of the transaction, the executive vice president now directly owns 183,551 shares of the company’s stock, valued at $10,067,772.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Kevin Fyfe sold 6,095 shares of the firm’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $53.00, for a total transaction of $323,035.00. Following the completion of the transaction, the vice president now directly owns 35,535 shares of the company’s stock, valued at $1,883,355. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,486,483 shares of company stock valued at $196,061,819. 0.28% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SLB shares. Susquehanna increased their price target on shares of Schlumberger from $52.00 to $59.00 and gave the company a “positive” rating in a research report on Monday, October 24th. The Goldman Sachs Group increased their price target on shares of Schlumberger from $46.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, October 25th. Morgan Stanley increased their price target on shares of Schlumberger from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, November 7th. StockNews.com upgraded shares of Schlumberger from a “hold” rating to a “buy” rating in a research report on Friday, November 11th. Finally, Benchmark increased their target price on Schlumberger to $61.00 in a research note on Tuesday, November 15th. Twenty research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Schlumberger currently has a consensus rating of “Buy” and an average target price of $54.37.

Schlumberger Price Performance

Shares of SLB opened at $51.42 on Thursday. The stock has a market capitalization of $72.91 billion, a P/E ratio of 24.72, a P/E/G ratio of 0.63 and a beta of 1.87. Schlumberger Limited has a twelve month low of $27.65 and a twelve month high of $56.04. The company has a 50 day moving average of $45.77 and a 200-day moving average of $41.12. The company has a quick ratio of 1.03, a current ratio of 1.40 and a debt-to-equity ratio of 0.71.

Schlumberger (NYSE:SLBGet Rating) last issued its quarterly earnings results on Friday, October 21st. The oil and gas company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.08. The company had revenue of $7.48 billion during the quarter, compared to analysts’ expectations of $7.10 billion. Schlumberger had a net margin of 11.26% and a return on equity of 16.58%. The business’s quarterly revenue was up 27.9% on a year-over-year basis. During the same period last year, the business earned $0.36 EPS. As a group, equities research analysts forecast that Schlumberger Limited will post 2.14 EPS for the current fiscal year.

Schlumberger Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 12th. Investors of record on Wednesday, December 7th will be paid a $0.175 dividend. The ex-dividend date is Tuesday, December 6th. This represents a $0.70 annualized dividend and a dividend yield of 1.36%. Schlumberger’s dividend payout ratio is presently 33.65%.

Schlumberger Company Profile

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Schlumberger Limited provides technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. It offers software, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; petro technical data services and training solutions; reservoir interpretation and data processing services; asset performance solutions; open and cased-hole services; exploration and production pressure and flow-rate measurement services; pressure pumping, well stimulation, and coiled tubing equipment for downhole mechanical well intervention, reservoir monitoring, and downhole data acquisition; and integrated production systems.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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