Courier Capital LLC decreased its position in Schlumberger Limited. (NYSE:SLB) by 7.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,513 shares of the oil and gas company’s stock after selling 5,301 shares during the period. Courier Capital LLC’s holdings in Schlumberger were worth $4,482,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of SLB. Harding Loevner LP grew its position in Schlumberger by 1,337.3% during the 3rd quarter. Harding Loevner LP now owns 138,957,632 shares of the oil and gas company’s stock worth $569,035,000 after acquiring an additional 129,289,552 shares during the last quarter. Dodge & Cox grew its position in Schlumberger by 12.8% during the 2nd quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock worth $3,178,193,000 after acquiring an additional 5,494,165 shares during the last quarter. Capital International Investors grew its position in Schlumberger by 74.8% during the 3rd quarter. Capital International Investors now owns 10,031,514 shares of the oil and gas company’s stock worth $699,798,000 after acquiring an additional 4,294,058 shares during the last quarter. Vanguard Group Inc. grew its position in Schlumberger by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock worth $6,519,670,000 after acquiring an additional 2,790,227 shares during the last quarter. Finally, Capital Research Global Investors grew its position in Schlumberger by 13.8% during the 2nd quarter. Capital Research Global Investors now owns 16,460,016 shares of the oil and gas company’s stock worth $1,083,727,000 after acquiring an additional 1,993,829 shares during the last quarter. 80.01% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently commented on the company. ValuEngine lowered Schlumberger from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Zacks Investment Research upgraded Schlumberger from a “sell” rating to a “hold” rating in a research report on Monday, February 26th. Bank of America upgraded Schlumberger from a “neutral” rating to a “buy” rating and increased their price target for the stock from $66.50 to $75.00 in a research report on Monday, February 26th. Cowen set a $85.00 price target on Schlumberger and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Finally, Griffin Securities upgraded Schlumberger from a “neutral” rating to a “buy” rating in a research report on Monday, February 12th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $81.59.
Schlumberger Limited. (NYSE SLB) opened at $68.09 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.95. The firm has a market capitalization of $94,320.00, a price-to-earnings ratio of -59.73, a PEG ratio of 5.30 and a beta of 1.03. Schlumberger Limited. has a 12 month low of $61.02 and a 12 month high of $80.89.
Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.04. The company had revenue of $8.18 billion for the quarter, compared to the consensus estimate of $8.12 billion. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 EPS. sell-side analysts forecast that Schlumberger Limited. will post 2.16 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Wednesday, February 7th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.94%. The ex-dividend date is Tuesday, February 6th. Schlumberger’s payout ratio is presently -175.44%.
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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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