Asset Advisors Investment Management LLC bought a new position in Schlumberger Limited. (NYSE:SLB) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,000 shares of the oil and gas company’s stock, valued at approximately $218,000.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Jolley Asset Management LLC boosted its stake in Schlumberger by 170.8% in the 1st quarter. Jolley Asset Management LLC now owns 66,906 shares of the oil and gas company’s stock worth $2,915,000 after purchasing an additional 42,200 shares during the period. Autus Asset Management LLC boosted its stake in Schlumberger by 53.9% in the 1st quarter. Autus Asset Management LLC now owns 88,683 shares of the oil and gas company’s stock worth $3,864,000 after purchasing an additional 31,074 shares during the period. RPG Investment Advisory LLC boosted its stake in Schlumberger by 34.1% in the 1st quarter. RPG Investment Advisory LLC now owns 140,163 shares of the oil and gas company’s stock worth $6,107,000 after purchasing an additional 35,670 shares during the period. Welch Group LLC boosted its stake in Schlumberger by 51.3% in the 1st quarter. Welch Group LLC now owns 9,705 shares of the oil and gas company’s stock worth $423,000 after purchasing an additional 3,291 shares during the period. Finally, Hodges Capital Management Inc. boosted its stake in Schlumberger by 24.3% in the 1st quarter. Hodges Capital Management Inc. now owns 30,428 shares of the oil and gas company’s stock worth $1,326,000 after purchasing an additional 5,950 shares during the period. 78.94% of the stock is owned by institutional investors.
Several research firms have weighed in on SLB. Barclays dropped their price target on Schlumberger from $52.00 to $49.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 9th. Raymond James restated a “hold” rating on shares of Schlumberger in a research note on Tuesday, April 2nd. Jefferies Financial Group downgraded Schlumberger from a “buy” rating to a “hold” rating and dropped their price target for the stock from $50.00 to $45.00 in a research note on Friday, March 15th. Goldman Sachs Group began coverage on Schlumberger in a research note on Sunday, March 10th. They issued a “buy” rating and a $55.00 price target for the company. Finally, Zacks Investment Research upgraded Schlumberger from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company. Schlumberger presently has an average rating of “Hold” and a consensus target price of $65.00.
In related news, EVP Peuch Olivier Le sold 15,000 shares of the firm’s stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $44.00, for a total value of $660,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.48% of the stock is owned by company insiders.
NYSE SLB opened at $45.56 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 0.45. The company has a market cap of $63.14 billion, a PE ratio of 28.12, a PEG ratio of 2.04 and a beta of 1.33. Schlumberger Limited. has a one year low of $34.99 and a one year high of $75.43.
Schlumberger (NYSE:SLB) last posted its earnings results on Thursday, April 18th. The oil and gas company reported $0.30 EPS for the quarter, meeting analysts’ consensus estimates of $0.30. The firm had revenue of $7.88 billion during the quarter, compared to the consensus estimate of $7.82 billion. Schlumberger had a return on equity of 5.87% and a net margin of 6.19%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 EPS. On average, sell-side analysts expect that Schlumberger Limited. will post 1.6 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Wednesday, June 5th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $2.00 dividend on an annualized basis and a yield of 4.39%. Schlumberger’s dividend payout ratio is presently 123.46%.
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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