Guinness Atkinson Asset Management Inc boosted its stake in shares of Schlumberger Limited. (NYSE:SLB) by 19.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 19,300 shares of the oil and gas company’s stock after purchasing an additional 3,100 shares during the quarter. Schlumberger makes up approximately 0.6% of Guinness Atkinson Asset Management Inc’s holdings, making the stock its 29th largest holding. Guinness Atkinson Asset Management Inc’s holdings in Schlumberger were worth $696,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Kempner Capital Management Inc. raised its stake in Schlumberger by 0.3% during the 4th quarter. Kempner Capital Management Inc. now owns 96,914 shares of the oil and gas company’s stock valued at $3,497,000 after acquiring an additional 276 shares in the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of Schlumberger by 2.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 11,941 shares of the oil and gas company’s stock worth $431,000 after buying an additional 278 shares in the last quarter. Garde Capital Inc. raised its stake in shares of Schlumberger by 3.6% in the 3rd quarter. Garde Capital Inc. now owns 11,201 shares of the oil and gas company’s stock worth $539,000 after buying an additional 390 shares in the last quarter. Evanson Asset Management LLC raised its stake in shares of Schlumberger by 3.1% in the 4th quarter. Evanson Asset Management LLC now owns 13,453 shares of the oil and gas company’s stock worth $485,000 after buying an additional 400 shares in the last quarter. Finally, Buckingham Capital Management Inc. raised its stake in shares of Schlumberger by 1.7% in the 3rd quarter. Buckingham Capital Management Inc. now owns 33,079 shares of the oil and gas company’s stock worth $2,015,000 after buying an additional 543 shares in the last quarter. Institutional investors and hedge funds own 77.31% of the company’s stock.
A number of research firms have recently commented on SLB. Wolfe Research began coverage on Schlumberger in a research note on Wednesday, October 10th. They issued a “market perform” rating on the stock. Credit Suisse Group dropped their price objective on Schlumberger from $82.00 to $71.00 and set an “outperform” rating on the stock in a research note on Monday, October 22nd. Bank of America reissued a “buy” rating and issued a $52.00 price objective (down previously from $69.00) on shares of Schlumberger in a research note on Monday, December 3rd. UBS Group dropped their price objective on Schlumberger from $92.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, October 22nd. Finally, Zacks Investment Research raised Schlumberger from a “sell” rating to a “hold” rating in a research note on Wednesday, December 5th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. Schlumberger currently has an average rating of “Hold” and an average price target of $66.65.
Shares of Schlumberger stock opened at $44.56 on Monday. The firm has a market cap of $61.62 billion, a PE ratio of 27.51, a P/E/G ratio of 2.35 and a beta of 1.36. The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 0.40. Schlumberger Limited. has a 12-month low of $34.99 and a 12-month high of $75.43.
Schlumberger (NYSE:SLB) last announced its earnings results on Friday, January 18th. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.36. The company had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.10 billion. Schlumberger had a return on equity of 6.12% and a net margin of 6.51%. Schlumberger’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 earnings per share. Equities research analysts predict that Schlumberger Limited. will post 1.62 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Wednesday, February 13th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date is Tuesday, February 12th. Schlumberger’s dividend payout ratio (DPR) is presently 123.46%.
In related news, EVP Patrick Schorn bought 10,000 shares of the business’s stock in a transaction dated Thursday, December 20th. The shares were bought at an average cost of $37.55 per share, with a total value of $375,500.00. Following the completion of the transaction, the executive vice president now directly owns 35,000 shares of the company’s stock, valued at $1,314,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peuch Olivier Le sold 15,000 shares of the business’s stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $44.00, for a total value of $660,000.00. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.
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.
Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks
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