EagleClaw Capital Managment LLC Raises Stock Holdings in Schlumberger Limited (NYSE:SLB)

EagleClaw Capital Managment LLC lifted its holdings in shares of Schlumberger Limited (NYSE:SLB) by 5.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,784 shares of the oil and gas company’s stock after acquiring an additional 1,975 shares during the period. EagleClaw Capital Managment LLC’s holdings in Schlumberger were worth $1,501,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Acadian Asset Management LLC raised its stake in shares of Schlumberger by 4.1% during the 1st quarter. Acadian Asset Management LLC now owns 8,638 shares of the oil and gas company’s stock worth $471,000 after buying an additional 337 shares during the last quarter. Lake Street Advisors Group LLC boosted its stake in shares of Schlumberger by 77.3% during the first quarter. Lake Street Advisors Group LLC now owns 7,196 shares of the oil and gas company’s stock valued at $396,000 after acquiring an additional 3,138 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of Schlumberger by 15.0% during the first quarter. National Bank of Canada FI now owns 396,382 shares of the oil and gas company’s stock valued at $21,726,000 after acquiring an additional 51,637 shares during the last quarter. Crewe Advisors LLC purchased a new stake in Schlumberger during the 1st quarter worth about $79,000. Finally, Shell Asset Management Co. boosted its stake in shares of Schlumberger by 6.8% during the 1st quarter. Shell Asset Management Co. now owns 64,492 shares of the oil and gas company’s stock worth $3,535,000 after purchasing an additional 4,134 shares during the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SLB. Evercore ISI decreased their target price on shares of Schlumberger from $74.00 to $62.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Sanford C. Bernstein upgraded Schlumberger to a “strong-buy” rating in a research report on Tuesday, November 12th. Dbs Bank started coverage on shares of Schlumberger in a research note on Wednesday, September 18th. They set a “buy” rating and a $64.50 price objective for the company. Morgan Stanley dropped their price target on shares of Schlumberger from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Finally, Susquehanna dropped their price objective on Schlumberger from $60.00 to $56.00 and set a “positive” rating for the company in a report on Monday, October 21st. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $60.97.

Schlumberger Stock Up 1.1 %

Shares of SLB stock traded up $0.49 on Wednesday, hitting $43.59. The stock had a trading volume of 421,181 shares, compared to its average volume of 11,195,560. Schlumberger Limited has a 52-week low of $38.66 and a 52-week high of $55.69. The firm has a market capitalization of $61.56 billion, a price-to-earnings ratio of 13.86, a P/E/G ratio of 1.52 and a beta of 1.52. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.48. The stock’s 50 day moving average is $42.53 and its 200-day moving average is $44.61.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, October 18th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. The business had revenue of $9.16 billion for the quarter, compared to analyst estimates of $9.27 billion. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.78 earnings per share. As a group, research analysts expect that Schlumberger Limited will post 3.4 earnings per share for the current year.

Schlumberger Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 4th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Wednesday, December 4th. Schlumberger’s dividend payout ratio (DPR) is currently 35.37%.

Insider Transactions at Schlumberger

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $41.90, for a total transaction of $2,514,000.00. Following the transaction, the executive vice president now directly owns 211,937 shares in the company, valued at $8,880,160.30. This represents a 22.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.26% of the company’s stock.

Schlumberger Company Profile

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.