Middleton & Co Inc MA decreased its position in shares of Schlumberger Limited. (NYSE:SLB) by 25.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,857 shares of the oil and gas company’s stock after selling 26,167 shares during the quarter. Middleton & Co Inc MA’s holdings in Schlumberger were worth $5,179,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in SLB. Longer Investments Inc. purchased a new stake in Schlumberger in the 4th quarter valued at approximately $2,825,000. FNY Partners Fund LP purchased a new stake in Schlumberger in the 4th quarter valued at approximately $101,000. Taylor Cottrill Erickson & Associates Inc. lifted its stake in Schlumberger by 11.2% in the 4th quarter. Taylor Cottrill Erickson & Associates Inc. now owns 21,608 shares of the oil and gas company’s stock valued at $1,456,000 after buying an additional 2,175 shares in the last quarter. Vantage Investment Advisors LLC lifted its stake in Schlumberger by 93.4% in the 4th quarter. Vantage Investment Advisors LLC now owns 3,351 shares of the oil and gas company’s stock valued at $226,000 after buying an additional 1,618 shares in the last quarter. Finally, APG Asset Management N.V. lifted its stake in Schlumberger by 11.1% in the 4th quarter. APG Asset Management N.V. now owns 388,792 shares of the oil and gas company’s stock valued at $21,819,000 after buying an additional 38,700 shares in the last quarter. 80.01% of the stock is currently owned by institutional investors and hedge funds.
In related news, CFO Simon Ayat sold 75,000 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $78.86, for a total value of $5,914,500.00. Following the completion of the sale, the chief financial officer now directly owns 138,827 shares in the company, valued at approximately $10,947,897.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Howard Guild sold 25,000 shares of the stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $78.26, for a total value of $1,956,500.00. Following the completion of the sale, the insider now owns 22,410 shares of the company’s stock, valued at $1,753,806.60. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.
Shares of Schlumberger Limited. (SLB) opened at $68.09 on Tuesday. The company 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. The company has a current ratio of 1.21, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. Schlumberger Limited. has a twelve month low of $61.02 and a twelve month high of $80.89.
Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. The business had revenue of $8.18 billion during 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 revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 EPS. research analysts predict that Schlumberger Limited. will post 2.16 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Wednesday, February 7th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, February 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.94%. Schlumberger’s payout ratio is -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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