Blue Edge Capital LLC Has $357,000 Holdings in Schlumberger Limited. (SLB)
Blue Edge Capital LLC held its position in Schlumberger Limited. (NYSE:SLB) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,420 shares of the oil and gas company’s stock at the close of the second quarter. Blue Edge Capital LLC’s holdings in Schlumberger were worth $357,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Aviance Capital Management LLC bought a new position in shares of Schlumberger during the second quarter valued at about $100,000. Tradewinds Capital Management LLC lifted its position in shares of Schlumberger by 29.8% during the first quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock valued at $104,000 after purchasing an additional 307 shares in the last quarter. Jacobi Capital Management LLC lifted its position in shares of Schlumberger by 95.8% during the second quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock valued at $134,000 after purchasing an additional 1,000 shares in the last quarter. Proficio Capital Partners LLC lifted its position in shares of Schlumberger by 18.0% during the first quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock valued at $145,000 after purchasing an additional 310 shares in the last quarter. Finally, Valley National Advisers Inc. lifted its position in shares of Schlumberger by 0.3% during the second quarter. Valley National Advisers Inc. now owns 2,594 shares of the oil and gas company’s stock valued at $171,000 after purchasing an additional 8 shares in the last quarter. 79.76% of the stock is currently owned by hedge funds and other institutional investors.
SLB has been the topic of a number of recent analyst reports. Deutsche Bank initiated coverage on shares of Schlumberger in a research report on Tuesday, October 10th. They set a “buy” rating and a $78.00 price target on the stock. Royal Bank of Canada set a $86.00 price target on shares of Schlumberger and gave the company a “buy” rating in a research report on Saturday, October 7th. Cowen set a $80.00 price target on shares of Schlumberger and gave the company a “buy” rating in a research report on Friday, October 6th. Citigroup raised their price target on shares of Schlumberger from $77.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, October 5th. Finally, Jefferies Group reissued a “buy” rating and set a $80.00 price target on shares of Schlumberger in a research report on Friday, September 29th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $79.31.
Shares of Schlumberger Limited. (NYSE:SLB) traded down $0.25 during mid-day trading on Tuesday, reaching $64.31. 3,993,777 shares of the company’s stock traded hands, compared to its average volume of 7,145,926. The company has a market capitalization of $88,019.55, a price-to-earnings ratio of 49.26, a price-to-earnings-growth ratio of 1.94 and a beta of 1.01. The company has a current ratio of 1.53, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40. Schlumberger Limited. has a twelve month low of $61.02 and a twelve month high of $87.84.
Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. The business had revenue of $7.91 billion for the quarter, compared to analyst estimates of $7.91 billion. Schlumberger had a net margin of 1.86% and a return on equity of 4.42%. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 earnings per share. analysts expect that Schlumberger Limited. will post 1.47 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Wednesday, December 6th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $2.00 annualized dividend and a dividend yield of 3.11%. Schlumberger’s payout ratio is 512.83%.
In other news, Director Tore I. Sandvold sold 3,500 shares of Schlumberger stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total value of $219,205.00. Following the completion of the transaction, the director now owns 1,500 shares in the company, valued at $93,945. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is owned by company insiders.
TRADEMARK VIOLATION NOTICE: “Blue Edge Capital LLC Has $357,000 Holdings in Schlumberger Limited. (SLB)” was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://www.watchlistnews.com/blue-edge-capital-llc-has-357000-holdings-in-schlumberger-limited-slb/1759745.html.
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.
Want to see what other hedge funds are holding SLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schlumberger Limited. (NYSE:SLB).
Receive News & Ratings for Schlumberger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger and related companies with Analyst Ratings Network's FREE daily email newsletter.