Bank of Nova Scotia grew its stake in shares of Schlumberger Limited. (NYSE:SLB) by 29.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 704,941 shares of the oil and gas company’s stock after acquiring an additional 159,698 shares during the quarter. Bank of Nova Scotia owned about 0.05% of Schlumberger worth $25,422,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SLB. HC Financial Advisors Inc. grew its holdings in shares of Schlumberger by 44.0% during the third quarter. HC Financial Advisors Inc. now owns 24,373 shares of the oil and gas company’s stock valued at $1,485,000 after buying an additional 7,444 shares during the last quarter. Ceredex Value Advisors LLC grew its holdings in shares of Schlumberger by 31.5% during the third quarter. Ceredex Value Advisors LLC now owns 1,836,077 shares of the oil and gas company’s stock valued at $112,671,000 after buying an additional 439,595 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of Schlumberger by 3.0% during the third quarter. Toronto Dominion Bank now owns 927,948 shares of the oil and gas company’s stock valued at $56,516,000 after buying an additional 27,119 shares during the last quarter. Sound Shore Management Inc. CT purchased a new stake in shares of Schlumberger during the third quarter valued at approximately $61,845,000. Finally, Sustainable Growth Advisers LP grew its holdings in shares of Schlumberger by 8.9% during the third quarter. Sustainable Growth Advisers LP now owns 6,238,231 shares of the oil and gas company’s stock valued at $380,033,000 after buying an additional 508,361 shares during the last quarter. 78.31% of the stock is owned by institutional investors.

Shares of SLB stock opened at $42.39 on Friday. Schlumberger Limited. has a 12-month low of $34.99 and a 12-month high of $75.43. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.87 and a current ratio of 1.17. The company has a market capitalization of $58.75 billion, a P/E ratio of 26.17, a P/E/G ratio of 2.30 and a beta of 1.34.

Schlumberger (NYSE:SLB) last issued its earnings results on Friday, January 18th. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. Schlumberger had a net margin of 6.51% and a return on equity of 6.12%. The company had revenue of $8.18 billion for the quarter, compared to analysts’ expectations of $8.10 billion. During the same quarter last year, the company posted $0.48 earnings per share. The firm’s quarterly revenue was up .0% on a year-over-year basis. As a group, equities analysts predict that Schlumberger Limited. will post 1.59 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Wednesday, February 13th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.72%. The ex-dividend date is Tuesday, February 12th. Schlumberger’s dividend payout ratio is currently 123.46%.

In other Schlumberger news, EVP Peuch Olivier Le sold 15,000 shares of the stock in a transaction that occurred on Tuesday, January 22nd. The shares were sold at an average price of $44.00, for a total value of $660,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Patrick Schorn purchased 10,000 shares of the firm’s stock in a transaction on Thursday, December 20th. The stock was acquired at an average price of $37.55 per share, for a total transaction of $375,500.00. Following the completion of the transaction, the executive vice president now directly owns 35,000 shares of the company’s stock, valued at approximately $1,314,250. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by company insiders.

SLB has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Schlumberger from a “hold” rating to a “strong sell” rating in a report on Friday, January 11th. Citigroup cut their price target on shares of Schlumberger from $57.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, January 4th. Royal Bank of Canada set a $58.00 price target on shares of Schlumberger and gave the company a “buy” rating in a report on Friday, January 18th. Jefferies Financial Group cut shares of Schlumberger from a “buy” rating to a “hold” rating and cut their price target for the company from $50.00 to $45.00 in a report on Friday. Finally, HSBC upgraded shares of Schlumberger from a “hold” rating to a “buy” rating in a report on Monday, November 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. Schlumberger has a consensus rating of “Hold” and a consensus target price of $65.50.

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Schlumberger Company 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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