State of Alaska Department of Revenue boosted its position in shares of Schlumberger Limited. (NYSE:SLB) by 2.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 186,461 shares of the oil and gas company’s stock after purchasing an additional 3,687 shares during the period. State of Alaska Department of Revenue’s holdings in Schlumberger were worth $11,358,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Precocity Capital LP grew its holdings in Schlumberger by 20.0% during the 2nd quarter. Precocity Capital LP now owns 60,000 shares of the oil and gas company’s stock valued at $4,022,000 after purchasing an additional 10,000 shares during the last quarter. Barings LLC grew its holdings in Schlumberger by 365.6% during the 2nd quarter. Barings LLC now owns 325,428 shares of the oil and gas company’s stock valued at $21,813,000 after purchasing an additional 255,539 shares during the last quarter. Private Advisor Group LLC boosted its position in Schlumberger by 214.6% in the 2nd quarter. Private Advisor Group LLC now owns 28,977 shares of the oil and gas company’s stock valued at $1,903,000 after buying an additional 19,765 shares during the period. Intrust Bank NA boosted its position in Schlumberger by 10.2% in the 2nd quarter. Intrust Bank NA now owns 18,356 shares of the oil and gas company’s stock valued at $1,231,000 after buying an additional 1,696 shares during the period. Finally, Cornerstone Capital Inc. boosted its position in Schlumberger by 3.8% in the 2nd quarter. Cornerstone Capital Inc. now owns 234,592 shares of the oil and gas company’s stock valued at $15,725,000 after buying an additional 8,570 shares during the period. Institutional investors own 78.43% of the company’s stock.

In other Schlumberger news, Director Michael E. Marks purchased 8,000 shares of the stock in a transaction dated Thursday, September 6th. The stock was purchased at an average price of $60.31 per share, with a total value of $482,480.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.48% of the stock is currently owned by corporate insiders.

SLB has been the subject of several research reports. Jefferies Financial Group lowered their price objective on shares of Schlumberger from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, September 26th. Tudor Pickering cut shares of Schlumberger from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Citigroup lowered their price objective on shares of Schlumberger from $79.00 to $78.00 and set a “buy” rating for the company in a research report on Monday, June 25th. Credit Suisse Group boosted their price objective on shares of Schlumberger from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, July 23rd. Finally, ValuEngine cut shares of Schlumberger from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Schlumberger currently has an average rating of “Buy” and a consensus price target of $78.57.

Shares of SLB opened at $60.82 on Thursday. Schlumberger Limited. has a fifty-two week low of $59.25 and a fifty-two week high of $80.35. The company has a market capitalization of $84.32 billion, a PE ratio of 40.55, a price-to-earnings-growth ratio of 5.68 and a beta of 0.93. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.12 and a quick ratio of 0.85.

Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Friday, July 20th. The oil and gas company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. Schlumberger had a negative net margin of 2.34% and a positive return on equity of 6.25%. The firm had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.35 billion. During the same quarter in the prior year, the company earned $0.35 EPS. The company’s revenue was up 11.3% compared to the same quarter last year. As a group, equities analysts expect that Schlumberger Limited. will post 1.79 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 12th. Stockholders of record on Wednesday, September 5th will be given a $0.50 dividend. The ex-dividend date is Tuesday, September 4th. This represents a $2.00 annualized dividend and a dividend yield of 3.29%. Schlumberger’s payout ratio is presently 133.33%.

About Schlumberger

Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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