American Century Companies Inc. Boosts Stake in Schlumberger Limited. (SLB)

American Century Companies Inc. grew its holdings in Schlumberger Limited. (NYSE:SLB) by 20.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,218,188 shares of the oil and gas company’s stock after purchasing an additional 1,707,050 shares during the period. Schlumberger makes up about 0.6% of American Century Companies Inc.’s holdings, making the stock its 22nd biggest position. American Century Companies Inc. owned about 0.74% of Schlumberger worth $622,492,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Glenview State Bank Trust DEPT. grew its stake in Schlumberger by 46.6% during the third quarter. Glenview State Bank Trust DEPT. now owns 31,593 shares of the oil and gas company’s stock valued at $1,925,000 after acquiring an additional 10,045 shares in the last quarter. Precocity Capital LP grew its stake in Schlumberger by 20.0% during the second quarter. Precocity Capital LP now owns 60,000 shares of the oil and gas company’s stock valued at $4,022,000 after acquiring an additional 10,000 shares in the last quarter. Cornerstone Wealth Management LLC grew its stake in Schlumberger by 17.2% during the third quarter. Cornerstone Wealth Management LLC now owns 302,955 shares of the oil and gas company’s stock valued at $4,434,000 after acquiring an additional 44,540 shares in the last quarter. John G Ullman & Associates Inc. grew its stake in Schlumberger by 1.1% during the third quarter. John G Ullman & Associates Inc. now owns 284,928 shares of the oil and gas company’s stock valued at $17,358,000 after acquiring an additional 3,014 shares in the last quarter. Finally, Bain Capital Public Equity Management LLC purchased a new position in Schlumberger during the second quarter valued at approximately $45,421,000. 78.47% of the stock is currently owned by institutional investors.

SLB stock opened at $50.40 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.13 and a quick ratio of 0.85. Schlumberger Limited. has a one year low of $50.00 and a one year high of $80.35. The company has a market capitalization of $72.12 billion, a price-to-earnings ratio of 33.60, a P/E/G ratio of 5.14 and a beta of 1.03.

Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, October 19th. The oil and gas company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.01. Schlumberger had a negative net margin of 2.00% and a positive return on equity of 6.55%. The business had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $8.57 billion. During the same quarter in the previous year, the company earned $0.42 EPS. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. As a group, equities research analysts forecast that Schlumberger Limited. will post 1.69 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Shareholders of record on Wednesday, December 5th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, December 4th. This represents a $2.00 dividend on an annualized basis and a yield of 3.97%. Schlumberger’s dividend payout ratio is presently 133.33%.

In other Schlumberger news, CFO Simon Ayat sold 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 30th. The shares were sold at an average price of $56.60, for a total value of $3,396,000.00. Following the completion of the transaction, the chief financial officer now owns 234,008 shares of the company’s stock, valued at approximately $13,244,852.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael E. Marks purchased 8,000 shares of the business’s stock in a transaction on Thursday, September 6th. The stock was bought at an average cost of $60.31 per share, with a total value of $482,480.00. The disclosure for this purchase can be found here. 0.48% of the stock is owned by insiders.

Several equities analysts recently commented on the stock. Credit Suisse Group boosted their price objective on shares of Schlumberger from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, July 23rd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $80.00 price objective on shares of Schlumberger in a research note on Monday, July 23rd. Citigroup reduced their price objective on shares of Schlumberger from $78.00 to $77.00 and set a “buy” rating for the company in a research note on Monday, July 23rd. Jefferies Financial Group set a $80.00 price objective on shares of Schlumberger and gave the company a “buy” rating in a research note on Monday, July 23rd. Finally, Seaport Global Securities set a $72.00 price objective on shares of Schlumberger and gave the company a “buy” rating in a research note on Monday, July 23rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $76.84.

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Schlumberger Company Profile

Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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