Hanson & Doremus Investment Management reduced its holdings in shares of Schlumberger Limited. (NYSE:SLB) by 10.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,953 shares of the oil and gas company’s stock after selling 1,875 shares during the period. Hanson & Doremus Investment Management’s holdings in Schlumberger were worth $1,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Aviance Capital Management LLC acquired a new position in shares of Schlumberger in the second quarter valued at about $100,000. FNY Partners Fund LP acquired a new position in shares of Schlumberger in the fourth quarter valued at about $101,000. Mountain Capital Investment Advisors Inc acquired a new position in shares of Schlumberger in the second quarter valued at about $107,000. Jacobi Capital Management LLC increased its holdings in shares of Schlumberger by 95.8% in the second quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock valued at $134,000 after purchasing an additional 1,000 shares during the period. Finally, Atlantic Trust LLC acquired a new position in shares of Schlumberger in the second quarter valued at about $137,000. 80.01% of the stock is currently owned by institutional investors.
A number of brokerages have recently weighed in on SLB. SunTrust Banks increased their price objective on Schlumberger from $72.00 to $80.00 and gave the company a “hold” rating in a report on Tuesday, January 23rd. Susquehanna Bancshares set a $88.00 target price on Schlumberger and gave the stock a “buy” rating in a research note on Monday, January 22nd. Zacks Investment Research downgraded Schlumberger from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. Barclays set a $75.00 target price on Schlumberger and gave the stock a “hold” rating in a research note on Tuesday, January 23rd. Finally, Loop Capital restated a “buy” rating and issued a $82.00 target price (up previously from $77.00) on shares of Schlumberger in a research note on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $81.59.
Schlumberger Limited. (NYSE:SLB) opened at $68.09 on Tuesday. The firm has a market capitalization of $94,320.00, a P/E ratio of -59.73, a PEG ratio of 5.30 and a beta of 1.03. Schlumberger Limited. has a 1 year low of $61.02 and a 1 year high of $80.89. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.95.
Schlumberger (NYSE:SLB) last released its earnings results on Friday, January 19th. The oil and gas company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.04. The business 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 business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 earnings per share. sell-side analysts expect that Schlumberger Limited. will post 2.16 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Wednesday, February 7th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $2.00 annualized dividend and a dividend yield of 2.94%. Schlumberger’s dividend payout ratio (DPR) is presently -175.44%.
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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