Pillar Pacific Capital Management LLC lessened its position in shares of Schlumberger Limited. (NYSE:SLB) by 20.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,763 shares of the oil and gas company’s stock after selling 11,550 shares during the period. Pillar Pacific Capital Management LLC’s holdings in Schlumberger were worth $3,084,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of SLB. Harding Loevner LP boosted its holdings 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 buying an additional 129,289,552 shares in the last quarter. Vanguard Group Inc. raised its position in 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 last quarter. Dodge & Cox raised its position in 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 last quarter. Bank of New York Mellon Corp raised its position in 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 last quarter. Finally, Northern Trust Corp raised its position in 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 last quarter. Institutional investors own 80.01% of the company’s stock.
SLB has been the subject of several research reports. Piper Jaffray Companies upped their price target on shares of Schlumberger from $74.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, January 19th. ValuEngine downgraded shares of Schlumberger from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Jefferies Group set a $78.00 price target on shares of Schlumberger and gave the company a “buy” rating in a research report on Thursday, January 4th. Royal Bank of Canada set a $73.00 price target on shares of Schlumberger and gave the company a “buy” rating in a research report on Thursday, December 21st. Finally, B. Riley set a $80.00 price target on shares of Schlumberger and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $81.59.
Schlumberger Limited. (SLB) opened at $67.14 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 0.40. The stock has a market cap of $93,010.00, a PE ratio of -58.89, a PEG ratio of 5.30 and a beta of 1.03. Schlumberger Limited. has a twelve month low of $61.02 and a twelve month high of $80.89.
Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 negative net margin of 4.94% and a positive return on equity of 5.27%. The business’s revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 EPS. analysts forecast that Schlumberger Limited. will post 2.16 earnings per share for the current fiscal year.
The business also recently declared 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. The ex-dividend date is Tuesday, February 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.98%. 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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