BTIM Corp. raised its position in shares of Schlumberger Limited. (NYSE:SLB) by 16.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 126,344 shares of the oil and gas company’s stock after acquiring an additional 17,730 shares during the period. BTIM Corp.’s holdings in Schlumberger were worth $5,504,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the business. MUFG Securities EMEA plc grew 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 worth $8,584,000 after purchasing an additional 140,403 shares during the last quarter. Kentucky Retirement Systems bought a new position in shares of Schlumberger in the third quarter worth about $9,798,000. Lee Danner & Bass Inc. grew 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 worth $4,654,000 after purchasing an additional 13,203 shares during the last quarter. B. Riley Wealth Management Inc. bought a new position in shares of Schlumberger in the third quarter worth about $219,000. Finally, Csenge Advisory Group bought a new position in shares of Schlumberger in the third quarter worth about $164,000. Institutional investors and hedge funds own 78.94% of the company’s stock.

A number of research analysts have recently commented on the stock. Stifel Nicolaus set a $50.00 price target on shares of Schlumberger and gave the stock a “hold” rating in a report on Monday. BMO Capital Markets set a $44.00 price objective on shares of Schlumberger and gave the stock a “hold” rating in a research note on Monday. Morgan Stanley set a $51.00 price objective on shares of Schlumberger and gave the stock a “hold” rating in a research note on Monday. Tudor Pickering lowered shares of Schlumberger from a “hold” rating to a “sell” rating and set a $35.00 price objective for the company. in a research note on Monday. Finally, Barclays lowered their price objective on shares of Schlumberger from $52.00 to $49.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $60.45.

SLB stock opened at $45.85 on Tuesday. The stock has a market cap of $63.14 billion, a price-to-earnings ratio of 28.30, a PEG ratio of 2.04 and a beta of 1.33. Schlumberger Limited. has a one year low of $34.99 and a one year high of $75.43. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 0.45.

Schlumberger (NYSE:SLB) last released its quarterly earnings results on Thursday, April 18th. The oil and gas company reported $0.30 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. The business had revenue of $7.88 billion during the quarter, compared to analyst estimates of $7.82 billion. Schlumberger had a net margin of 6.19% and a return on equity of 5.87%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 earnings per share. Analysts predict that Schlumberger Limited. will post 1.6 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Wednesday, June 5th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.36%. The ex-dividend date is Tuesday, June 4th. Schlumberger’s payout ratio is 123.46%.

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Schlumberger 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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