Peddock Capital Advisors LLC Invests $96,000 in Schlumberger Limited. (NYSE:SLB)
Peddock Capital Advisors LLC acquired a new position in Schlumberger Limited. (NYSE:SLB) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,400 shares of the oil and gas company’s stock, valued at approximately $96,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Fulcrum Capital LLC bought a new stake in Schlumberger during the 3rd quarter valued at approximately $7,301,000. Doyle Wealth Management bought a new stake in Schlumberger during the 2nd quarter valued at approximately $33,000. AllSquare Wealth Management LLC bought a new stake in Schlumberger during the 3rd quarter valued at approximately $37,000. Acima Private Wealth LLC raised its stake in Schlumberger by 34.1% during the 3rd quarter. Acima Private Wealth LLC now owns 1,239 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 315 shares during the period. Finally, Savior LLC bought a new stake in Schlumberger during the 4th quarter valued at approximately $51,000. 76.52% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Patrick Schorn sold 65,000 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $35.89, for a total transaction of $2,332,850.00. Following the completion of the transaction, the executive vice president now owns 50,000 shares in the company, valued at approximately $1,794,500. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mogharbel Khaled Al sold 21,385 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $37.07, for a total value of $792,741.95. Following the transaction, the executive vice president now owns 69,872 shares of the company’s stock, valued at approximately $2,590,155.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 99,735 shares of company stock valued at $3,594,864. 0.48% of the stock is owned by company insiders.
Schlumberger (NYSE:SLB) last announced its earnings results on Friday, January 17th. The oil and gas company reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. The firm had revenue of $8.23 billion during the quarter, compared to analysts’ expectations of $8.16 billion. Schlumberger had a positive return on equity of 6.77% and a negative net margin of 30.80%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 EPS. As a group, analysts anticipate that Schlumberger Limited. will post 1.6 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Wednesday, February 12th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date is Tuesday, February 11th. Schlumberger’s payout ratio is currently 136.05%.
A number of analysts have issued reports on SLB shares. Deutsche Bank started coverage on Schlumberger in a research note on Wednesday, November 27th. They issued a “buy” rating and a $42.00 price objective on the stock. Tudor Pickering raised Schlumberger from a “sell” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Wednesday, November 20th. Citigroup lifted their price objective on Schlumberger from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Stifel Nicolaus lifted their price objective on Schlumberger from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Finally, ValuEngine raised Schlumberger from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $42.71.
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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