Northeast Investment Management lowered its position in shares of Schlumberger Limited. (NYSE:SLB) by 56.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,230 shares of the oil and gas company’s stock after selling 114,200 shares during the period. Northeast Investment Management’s holdings in Schlumberger were worth $5,946,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Harding Loevner LP raised its holdings in Schlumberger by 1,337.3% in 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 purchasing an additional 129,289,552 shares in the last quarter. Vanguard Group Inc. raised its holdings in Schlumberger by 2.9% in 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 purchasing an additional 2,790,227 shares in the last quarter. Dodge & Cox raised its holdings in Schlumberger by 12.8% in 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 purchasing an additional 5,494,165 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Schlumberger by 2.2% in 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 purchasing an additional 548,250 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Schlumberger by 2.9% in 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 purchasing an additional 536,928 shares in the last quarter. 80.01% of the stock is owned by institutional investors and hedge funds.

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Shares of Schlumberger stock opened at $66.10 on Monday. Schlumberger Limited. has a 1 year low of $61.02 and a 1 year high of $80.89. The company has a market cap of $91,477.97, a PE ratio of -60.64, a P/E/G ratio of 5.10 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 1.21.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.04. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. The company had revenue of $8.18 billion for the quarter, compared to the consensus estimate of $8.12 billion. During the same period in the prior year, the firm posted $0.27 EPS. Schlumberger’s revenue for the quarter was up 15.1% on a year-over-year basis. equities analysts predict that Schlumberger Limited. will post 2.16 earnings per share for the current fiscal year.

The company also recently disclosed 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. This represents a $2.00 annualized dividend and a yield of 3.03%. The ex-dividend date is Tuesday, February 6th. Schlumberger’s dividend payout ratio (DPR) is -183.49%.

SLB has been the subject of several research reports. Royal Bank of Canada set a $73.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a report on Thursday, December 21st. ValuEngine lowered shares of Schlumberger from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. B. Riley set a $80.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Jefferies Group set a $78.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a report on Thursday, January 4th. Finally, Cowen set a $85.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a report on Thursday, January 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $81.44.

In other news, insider Howard Guild sold 25,000 shares of the firm’s stock in a transaction dated Monday, January 22nd. The shares were 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 of the company’s stock, valued at approximately $1,753,806.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Simon Ayat sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $78.86, for a total transaction of $5,914,500.00. Following the sale, the chief financial officer now directly owns 138,827 shares in the company, valued at approximately $10,947,897.22. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

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About Schlumberger

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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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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