Harvey Investment Co. LLC decreased its position in Schlumberger Limited. (NYSE:SLB) by 1.6% in the 1st quarter, Holdings Channel reports. The firm owned 23,010 shares of the oil and gas company’s stock after selling 375 shares during the period. Harvey Investment Co. LLC’s holdings in Schlumberger were worth $1,003,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of SLB. MUFG Securities EMEA plc boosted its holdings in shares of Schlumberger by 144.0% in the fourth quarter. MUFG Securities EMEA plc now owns 237,926 shares of the oil and gas company’s stock valued at $8,584,000 after acquiring an additional 140,403 shares in the last quarter. Kentucky Retirement Systems bought a new position in shares of Schlumberger in the third quarter valued at approximately $9,798,000. Lee Danner & Bass Inc. boosted its holdings in shares of Schlumberger by 11.4% in the fourth quarter. Lee Danner & Bass Inc. now owns 128,987 shares of the oil and gas company’s stock valued at $4,654,000 after acquiring an additional 13,203 shares in the last quarter. B. Riley Wealth Management Inc. bought a new position in shares of Schlumberger in the third quarter valued at approximately $219,000. Finally, Csenge Advisory Group bought a new position in shares of Schlumberger in the third quarter valued at approximately $164,000. Hedge funds and other institutional investors own 78.94% of the company’s stock.
Shares of NYSE:SLB opened at $47.34 on Wednesday. The company has a market cap of $64.31 billion, a P/E ratio of 29.22, a price-to-earnings-growth ratio of 2.46 and a beta of 1.34. Schlumberger Limited. has a 1-year low of $34.99 and a 1-year high of $75.43. The company has a quick ratio of 0.87, a current ratio of 1.17 and a debt-to-equity ratio of 0.40.
Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, January 18th. The oil and gas company reported $0.36 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. The business had revenue of $8.18 billion during the quarter, compared to the consensus estimate of $8.10 billion. Schlumberger had a net margin of 6.51% and a return on equity of 6.12%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.48 EPS. As a group, sell-side analysts anticipate that Schlumberger Limited. will post 1.59 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Wednesday, February 13th were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, February 12th. This represents a $2.00 annualized dividend and a dividend yield of 4.22%. Schlumberger’s dividend payout ratio (DPR) is presently 123.46%.
Several research analysts have recently issued reports on the stock. Barclays decreased their price objective on shares of Schlumberger from $52.00 to $49.00 and set an “equal weight” rating for the company in a report on Tuesday, April 9th. Raymond James reiterated a “hold” rating on shares of Schlumberger in a report on Tuesday, April 2nd. Credit Suisse Group set a $44.00 target price on shares of Schlumberger and gave the stock a “hold” rating in a report on Friday, January 18th. Zacks Investment Research restated a “strong sell” rating on shares of Schlumberger in a report on Monday, December 31st. Finally, Goldman Sachs Group assumed coverage on shares of Schlumberger in a report on Sunday, March 10th. They set a “buy” rating and a $55.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $65.00.
In related news, EVP Peuch Olivier Le sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 22nd. The shares were sold at an average price of $44.00, for a total value of $660,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.48% of the stock is currently owned by corporate insiders.
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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