Ridgewood Investments LLC grew its position in Schlumberger Limited. (NYSE:SLB) by 88.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,522 shares of the oil and gas company’s stock after purchasing an additional 4,924 shares during the quarter. Ridgewood Investments LLC’s holdings in Schlumberger were worth $458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. CX Institutional raised its stake in Schlumberger by 158.4% during the first quarter. CX Institutional now owns 646 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 396 shares in the last quarter. Berman Capital Advisors LLC purchased a new stake in Schlumberger during the fourth quarter valued at $31,000. Bruderman Asset Management LLC purchased a new stake in Schlumberger during the fourth quarter valued at $33,000. Sontag Advisory LLC purchased a new stake in Schlumberger during the fourth quarter valued at $36,000. Finally, Exane Asset Management purchased a new stake in Schlumberger during the fourth quarter valued at $37,000. Institutional investors and hedge funds own 78.94% of the company’s stock.
Shares of SLB opened at $45.56 on Friday. Schlumberger Limited. has a twelve month low of $34.99 and a twelve month high of $75.43. The firm has a market capitalization of $63.14 billion, a PE ratio of 28.12, a PEG ratio of 2.04 and a beta of 1.33. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 0.45.
Schlumberger (NYSE:SLB) last announced its earnings results on Thursday, April 18th. The oil and gas company reported $0.30 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. Schlumberger had a net margin of 6.19% and a return on equity of 5.87%. The business had revenue of $7.88 billion for the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter in the prior year, the firm posted $0.38 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. On average, equities research analysts predict that Schlumberger Limited. will post 1.6 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Wednesday, June 5th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date is Tuesday, June 4th. Schlumberger’s payout ratio is presently 123.46%.
SLB has been the topic of a number of recent research reports. Citigroup decreased their price target on shares of Schlumberger from $57.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, January 4th. Royal Bank of Canada set a $58.00 price target on shares of Schlumberger and gave the company a “buy” rating in a research note on Friday, January 18th. Goldman Sachs Group initiated coverage on shares of Schlumberger in a research note on Sunday, March 10th. They set a “buy” rating and a $55.00 price target on the stock. Barclays decreased their price target on shares of Schlumberger from $52.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 9th. Finally, Raymond James reaffirmed a “hold” rating on shares of Schlumberger in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $65.00.
In other news, EVP Peuch Olivier Le sold 15,000 shares of the company’s stock in a transaction dated Tuesday, January 22nd. The shares were sold at an average price of $44.00, for a total value of $660,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.48% of the company’s stock.
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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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