Oakwood Capital Management LLC CA lessened its stake in Schlumberger Limited. (NYSE:SLB) by 15.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 45,185 shares of the oil and gas company’s stock after selling 8,363 shares during the period. Oakwood Capital Management LLC CA’s holdings in Schlumberger were worth $3,045,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SLB. Harding Loevner LP lifted its stake in shares of Schlumberger by 1,337.3% in the 3rd quarter. Harding Loevner LP now owns 138,957,632 shares of the oil and gas company’s stock valued at $569,035,000 after purchasing an additional 129,289,552 shares during the period. Vanguard Group Inc. lifted its stake in shares of Schlumberger by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock valued at $6,519,670,000 after purchasing an additional 2,790,227 shares during the period. Dodge & Cox lifted its stake in shares of Schlumberger by 12.8% in the 2nd quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock valued at $3,178,193,000 after purchasing an additional 5,494,165 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Schlumberger by 2.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 25,620,279 shares of the oil and gas company’s stock valued at $1,787,272,000 after purchasing an additional 548,250 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Schlumberger by 2.9% in the 2nd quarter. Northern Trust Corp now owns 18,762,468 shares of the oil and gas company’s stock valued at $1,235,321,000 after purchasing an additional 536,928 shares during the period. Hedge funds and other institutional investors own 80.01% of the company’s stock.
In other news, CFO Simon Ayat sold 75,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 138,827 shares of the company’s stock, valued at $10,947,897.22. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Howard Guild sold 25,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly 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.
Schlumberger Limited. (SLB) opened at $67.14 on Wednesday. The stock has a market capitalization of $93,010.00, a P/E ratio of -58.89, a PEG ratio of 5.30 and a beta of 1.03. The company has a quick ratio of 0.95, a current ratio of 1.21 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 earnings results on Friday, January 19th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.04. The company had revenue of $8.18 billion during the quarter, compared to analyst estimates of $8.12 billion. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. Schlumberger’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share. analysts anticipate that Schlumberger Limited. will post 2.16 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Wednesday, February 7th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Tuesday, February 6th. Schlumberger’s dividend 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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