Schlumberger Limited. (SLB) Stake Lessened by Birmingham Capital Management Co. Inc. AL
Birmingham Capital Management Co. Inc. AL lessened its stake in Schlumberger Limited. (NYSE:SLB) by 1.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 56,455 shares of the oil and gas company’s stock after selling 1,000 shares during the quarter. Schlumberger makes up approximately 1.6% of Birmingham Capital Management Co. Inc. AL’s holdings, making the stock its 27th biggest holding. Birmingham Capital Management Co. Inc. AL’s holdings in Schlumberger were worth $3,938,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. Aviance Capital Management LLC acquired a new stake in Schlumberger during the second quarter worth about $100,000. Mountain Capital Investment Advisors Inc acquired a new stake in Schlumberger during the second quarter worth about $107,000. Tradewinds Capital Management LLC raised its stake in Schlumberger by 22.3% during the second quarter. Tradewinds Capital Management LLC now owns 1,636 shares of the oil and gas company’s stock worth $108,000 after acquiring an additional 298 shares during the period. Jacobi Capital Management LLC raised its stake in Schlumberger by 95.8% during the second quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock worth $134,000 after acquiring an additional 1,000 shares during the period. Finally, Atlantic Trust LLC acquired a new stake in Schlumberger during the second quarter worth about $137,000. Institutional investors and hedge funds own 79.31% of the company’s stock.
Schlumberger Limited. (NYSE:SLB) opened at $77.97 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.53 and a debt-to-equity ratio of 0.40. The stock has a market cap of $108,010.00, a P/E ratio of 199.92, a PEG ratio of 1.59 and a beta of 1.01. Schlumberger Limited. has a 1-year low of $61.02 and a 1-year high of $87.84.
Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, October 20th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. The business had revenue of $7.91 billion during 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 business’s revenue was up 12.6% on a year-over-year basis. During the same period last year, the firm posted $0.25 earnings per share. analysts anticipate that Schlumberger Limited. will post 1.46 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Wednesday, December 6th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend was Tuesday, December 5th. Schlumberger’s dividend payout ratio (DPR) is presently 512.82%.
Several research firms recently weighed in on SLB. Cowen set a $85.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research note on Thursday. Jefferies Group set a $78.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research note on Thursday, January 4th. B. Riley set a $80.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. ValuEngine cut shares of Schlumberger from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Finally, Royal Bank of Canada set a $73.00 target price on shares of Schlumberger and gave the stock a “buy” rating in a research report on Thursday, December 21st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. Schlumberger has a consensus rating of “Buy” and a consensus price target of $79.56.
In other news, Director Tore I. Sandvold sold 3,500 shares of the 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 completion of the transaction, the director now directly owns 1,500 shares in the company, valued at $93,945. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.38% of the company’s stock.
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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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