Schlumberger Limited. (NYSE:SLB) Shares Acquired by Bartlett & Co. LLC

Bartlett & Co. LLC raised its stake in shares of Schlumberger Limited. (NYSE:SLB) by 86.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,951 shares of the oil and gas company’s stock after purchasing an additional 25,065 shares during the quarter. Bartlett & Co. LLC’s holdings in Schlumberger were worth $1,844,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SLB. Nuveen Asset Management LLC boosted its holdings in shares of Schlumberger by 14,172.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 7,796,324 shares of the oil and gas company’s stock valued at $309,825,000 after acquiring an additional 7,741,700 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Schlumberger by 57.3% in the 2nd quarter. Invesco Ltd. now owns 16,703,642 shares of the oil and gas company’s stock valued at $663,804,000 after acquiring an additional 6,087,455 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Schlumberger by 14,241.7% in the 2nd quarter. Mackenzie Financial Corp now owns 2,921,974 shares of the oil and gas company’s stock valued at $116,119,000 after acquiring an additional 2,901,600 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Schlumberger by 2.7% in the 2nd quarter. BlackRock Inc. now owns 89,868,836 shares of the oil and gas company’s stock valued at $3,571,386,000 after acquiring an additional 2,340,320 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Schlumberger by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 112,662,996 shares of the oil and gas company’s stock valued at $4,477,227,000 after acquiring an additional 1,715,548 shares during the last quarter. Institutional investors and hedge funds own 76.52% of the company’s stock.

Shares of NYSE SLB opened at $36.34 on Friday. The company’s fifty day moving average price is $33.95 and its 200 day moving average price is $36.68. Schlumberger Limited. has a 1 year low of $30.65 and a 1 year high of $51.29. The company has a market capitalization of $50.83 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 3.45 and a beta of 1.49. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.95 and a current ratio of 1.29.

Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Friday, October 18th. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.03. Schlumberger had a negative net margin of 30.22% and a positive return on equity of 6.00%. The firm had revenue of $8.54 billion for the quarter, compared to the consensus estimate of $8.50 billion. During the same period in the prior year, the firm posted $0.46 earnings per share. The firm’s quarterly revenue was up .4% compared to the same quarter last year. On average, equities analysts expect that Schlumberger Limited. will post 1.47 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Wednesday, December 4th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date of this dividend is Tuesday, December 3rd. Schlumberger’s dividend payout ratio (DPR) is presently 123.46%.

Several research firms have recently commented on SLB. Morgan Stanley set a $50.00 price objective on shares of Schlumberger and gave the company a “buy” rating in a report on Monday, October 21st. Royal Bank of Canada set a $40.00 price objective on shares of Schlumberger and gave the company a “buy” rating in a report on Monday, October 21st. Bank of America set a $43.00 price objective on shares of Schlumberger and gave the company a “buy” rating in a report on Monday, October 21st. JPMorgan Chase & Co. dropped their price objective on shares of Schlumberger from $41.00 to $34.00 and set a “neutral” rating on the stock in a report on Monday, September 9th. Finally, Cowen dropped their price objective on shares of Schlumberger from $47.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. Schlumberger has an average rating of “Buy” and a consensus target price of $44.82.

In related news, VP Simon Farrant sold 5,000 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $33.55, for a total transaction of $167,750.00. Following the sale, the vice president now directly owns 20,316 shares of the company’s stock, valued at $681,601.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.48% of the company’s stock.

Schlumberger Company Profile

Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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