Schlumberger Limited. (SLB) Position Maintained by Compass Capital Management Inc.
Compass Capital Management Inc. held its position in shares of Schlumberger Limited. (NYSE:SLB) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,223 shares of the oil and gas company’s stock at the end of the 2nd quarter. Compass Capital Management Inc.’s holdings in Schlumberger Limited. were worth $212,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Tradewinds Capital Management LLC lifted its stake in Schlumberger Limited. by 29.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock valued at $104,000 after acquiring an additional 307 shares in the last quarter. MCF Advisors LLC grew its stake in shares of Schlumberger Limited. by 130.3% in the 1st quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock worth $126,000 after acquiring an additional 915 shares in the last quarter. Proficio Capital Partners LLC grew its stake in shares of Schlumberger Limited. by 18.0% in the 1st quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock worth $145,000 after acquiring an additional 310 shares in the last quarter. Independence Advisors LLC bought a new stake in shares of Schlumberger Limited. in the 2nd quarter worth $288,000. Finally, Baystate Wealth Management LLC grew its stake in shares of Schlumberger Limited. by 27.6% in the 1st quarter. Baystate Wealth Management LLC now owns 2,402 shares of the oil and gas company’s stock worth $191,000 after acquiring an additional 520 shares in the last quarter. 78.91% of the stock is owned by institutional investors.
In other Schlumberger Limited. news, Director Michael E. Marks bought 8,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average price of $64.20 per share, with a total value of $513,600.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Helge Lund bought 2,800 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The shares were acquired at an average cost of $66.78 per share, for a total transaction of $186,984.00. The disclosure for this purchase can be found here. 0.38% of the stock is currently owned by insiders.
A number of brokerages have issued reports on SLB. UBS AG set a $90.00 price objective on shares of Schlumberger Limited. and gave the stock a “buy” rating in a research report on Friday, June 16th. Credit Suisse Group set a $78.00 price objective on shares of Schlumberger Limited. and gave the company a “buy” rating in a research note on Monday, July 24th. Jefferies Group LLC reissued a “buy” rating and set a $80.00 target price (down previously from $92.00) on shares of Schlumberger Limited. in a research report on Monday, July 24th. Zacks Investment Research cut shares of Schlumberger Limited. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, BidaskClub upgraded Schlumberger Limited. from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $85.80.
Shares of Schlumberger Limited. (NYSE:SLB) opened at 69.06 on Wednesday. The firm has a 50 day moving average price of $65.94 and a 200 day moving average price of $69.56. The stock has a market cap of $95.62 billion, a PE ratio of 543.78 and a beta of 1.05. Schlumberger Limited. has a 12-month low of $62.56 and a 12-month high of $87.84.
Schlumberger Limited. (NYSE:SLB) last announced its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.05. The firm had revenue of $7.46 billion during the quarter, compared to analysts’ expectations of $7.25 billion. Schlumberger Limited. had a negative net margin of 1.08% and a negative return on equity of 0.74%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.23 earnings per share. On average, equities analysts expect that Schlumberger Limited. will post $1.52 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 6th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Friday, September 1st. Schlumberger Limited.’s dividend payout ratio (DPR) is 1,538.58%.
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About Schlumberger Limited.
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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