Schlumberger Limited. (SLB) Shares Sold by Mutual of America Capital Management LLC
Mutual of America Capital Management LLC cut its holdings in Schlumberger Limited. (NYSE:SLB) by 9.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 171,094 shares of the oil and gas company’s stock after selling 16,946 shares during the period. Mutual of America Capital Management LLC’s holdings in Schlumberger were worth $11,936,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of SLB. Aviance Capital Management LLC acquired a new position in Schlumberger during the 2nd quarter valued at about $100,000. Tradewinds Capital Management LLC boosted its stake in Schlumberger 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 purchasing an additional 307 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new position in Schlumberger during the 2nd quarter valued at about $107,000. Jacobi Capital Management LLC boosted its stake in Schlumberger by 95.8% during the 2nd quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock valued at $134,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Atlantic Trust LLC acquired a new position in Schlumberger during the 2nd quarter valued at about $137,000. Institutional investors own 79.76% of the company’s stock.
A number of equities analysts have issued reports on SLB shares. Deutsche Bank initiated coverage on Schlumberger in a research note on Tuesday, October 10th. They set a “buy” rating and a $78.00 price target for the company. Royal Bank of Canada set a $86.00 target price on Schlumberger and gave the stock a “buy” rating in a research note on Saturday, October 7th. Cowen set a $80.00 target price on Schlumberger and gave the stock a “buy” rating in a research note on Friday, October 6th. Citigroup boosted their target price on Schlumberger from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, October 5th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $80.00 price target on shares of Schlumberger in a report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $79.31.
Shares of Schlumberger Limited. (SLB) opened at $62.09 on Monday. Schlumberger Limited. has a fifty-two week low of $61.02 and a fifty-two week high of $87.84. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.53 and a quick ratio of 1.20. The stock has a market cap of $86,010.91, a P/E ratio of 48.13, a P/E/G ratio of 1.90 and a beta of 1.01.
Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. The business had revenue of $7.91 billion for the quarter, compared to analysts’ expectations of $7.91 billion. Schlumberger had a net margin of 1.86% and a return on equity of 4.42%. The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 EPS. analysts expect that Schlumberger Limited. will post 1.47 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Wednesday, December 6th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Tuesday, December 5th. Schlumberger’s dividend payout ratio is presently 512.83%.
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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