Schlumberger Limited. (SLB) Shares Sold by Thomas Story & Son LLC
Thomas Story & Son LLC lessened its stake in Schlumberger Limited. (NYSE:SLB) by 1.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,964 shares of the oil and gas company’s stock after selling 900 shares during the quarter. Schlumberger accounts for 3.4% of Thomas Story & Son LLC’s investment portfolio, making the stock its 10th largest position. Thomas Story & Son LLC’s holdings in Schlumberger were worth $6,276,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Comprehensive Portfolio Management LLC purchased a new position in Schlumberger during the 2nd quarter valued at about $885,000. Bank of Montreal Can increased its holdings in Schlumberger by 41.6% during the 2nd quarter. Bank of Montreal Can now owns 1,601,025 shares of the oil and gas company’s stock valued at $105,414,000 after acquiring an additional 470,615 shares in the last quarter. WFG Advisors LP increased its holdings in Schlumberger by 51.5% during the 2nd quarter. WFG Advisors LP now owns 11,332 shares of the oil and gas company’s stock valued at $746,000 after acquiring an additional 3,853 shares in the last quarter. Denver Investment Advisors LLC increased its holdings in Schlumberger by 5.8% during the 2nd quarter. Denver Investment Advisors LLC now owns 160,191 shares of the oil and gas company’s stock valued at $10,547,000 after acquiring an additional 8,817 shares in the last quarter. Finally, MUFG Securities EMEA plc purchased a new position in Schlumberger during the 2nd quarter valued at about $14,156,000. Institutional investors and hedge funds own 79.31% of the company’s stock.
Shares of Schlumberger Limited. (NYSE SLB) opened at $74.80 on Tuesday. The company has a market cap of $103,620.00, a PE ratio of 191.79, a PEG ratio of 1.53 and a beta of 1.01. Schlumberger Limited. has a twelve month low of $61.02 and a twelve month high of $87.84. The company has a current ratio of 1.53, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40.
Schlumberger (NYSE:SLB) last released its earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. Schlumberger had a net margin of 1.86% and a return on equity of 4.42%. The business had revenue of $7.91 billion for the quarter, compared to analysts’ expectations of $7.91 billion. During the same period last year, the company earned $0.25 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. research analysts predict that Schlumberger Limited. will post 1.46 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Wednesday, December 6th will be given a $0.50 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $2.00 annualized dividend and a dividend yield of 2.67%. Schlumberger’s dividend payout ratio is presently 512.82%.
In related news, Director Tore I. Sandvold sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total value of $219,205.00. Following the sale, the director now directly owns 1,500 shares of the company’s stock, valued at $93,945. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is currently owned by company insiders.
Several research firms have weighed in on SLB. ValuEngine downgraded shares of Schlumberger from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Jefferies Group restated a “buy” rating and set a $80.00 target price on shares of Schlumberger in a report on Friday, September 29th. Loop Capital dropped their target price on shares of Schlumberger from $80.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, October 26th. Royal Bank of Canada set a $86.00 target price on shares of Schlumberger and gave the company a “buy” rating in a report on Saturday, October 7th. Finally, SunTrust Banks restated a “hold” rating on shares of Schlumberger in a report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $79.37.
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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