CapWealth Advisors LLC Has $2.86 Million Holdings in Schlumberger Limited. (SLB)
CapWealth Advisors LLC raised its stake in Schlumberger Limited. (NYSE:SLB) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,934 shares of the oil and gas company’s stock after acquiring an additional 1,800 shares during the period. CapWealth Advisors LLC’s holdings in Schlumberger were worth $2,856,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Harding Loevner LP raised its holdings in shares of Schlumberger by 1,337.3% during the 3rd quarter. Harding Loevner LP now owns 138,957,632 shares of the oil and gas company’s stock worth $569,035,000 after buying an additional 129,289,552 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Schlumberger by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock worth $6,519,670,000 after buying an additional 2,790,227 shares in the last quarter. Dodge & Cox raised its holdings in shares of Schlumberger by 12.8% during the 2nd quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock worth $3,178,193,000 after buying an additional 5,494,165 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Schlumberger by 2.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 25,620,279 shares of the oil and gas company’s stock worth $1,787,272,000 after buying an additional 548,250 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Schlumberger by 2.9% during the 2nd quarter. Northern Trust Corp now owns 18,762,468 shares of the oil and gas company’s stock worth $1,235,321,000 after buying an additional 536,928 shares in the last quarter. 79.30% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Howard Guild sold 25,000 shares of the company’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $78.26, for a total transaction of $1,956,500.00. Following the sale, the insider now owns 22,410 shares in the company, valued at approximately $1,753,806.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Simon Ayat sold 75,000 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $78.86, for a total value of $5,914,500.00. Following the sale, the chief financial officer now owns 138,827 shares in the company, valued at approximately $10,947,897.22. The disclosure for this sale can be found here. 0.38% of the stock is owned by corporate insiders.
Schlumberger (NYSE:SLB) last announced its earnings results on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.44 by $0.04. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The company had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.12 billion. During the same quarter in the prior year, the company earned $0.27 EPS. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. equities research analysts expect that Schlumberger Limited. will post 2.19 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Wednesday, February 7th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, February 6th. This represents a $2.00 annualized dividend and a dividend yield of 2.97%. Schlumberger’s payout ratio is -183.49%.
A number of equities analysts have recently commented on SLB shares. Goldman Sachs Group cut Schlumberger from a “conviction-buy” rating to a “buy” rating and set a $75.00 price target for the company. in a report on Monday, November 13th. Piper Jaffray Companies set a $74.00 price target on Schlumberger and gave the stock a “buy” rating in a report on Saturday, October 21st. ValuEngine cut Schlumberger from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Citigroup lowered their price target on Schlumberger from $80.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, October 25th. Finally, Jefferies Group set a $78.00 price target on Schlumberger and gave the stock a “buy” rating in a report on Thursday, January 4th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $82.29.
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.
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