ST Germain D J Co. Inc. boosted its position in shares of Schlumberger Limited (NYSE:SLB – Free Report) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 706,511 shares of the oil and gas company’s stock after acquiring an additional 6,505 shares during the quarter. Schlumberger accounts for approximately 1.2% of ST Germain D J Co. Inc.’s investment portfolio, making the stock its 15th biggest holding. ST Germain D J Co. Inc.’s holdings in Schlumberger were worth $27,088,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the company. Choreo LLC lifted its stake in Schlumberger by 605.5% in the 2nd quarter. Choreo LLC now owns 36,107 shares of the oil and gas company’s stock valued at $1,684,000 after purchasing an additional 30,989 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in shares of Schlumberger by 38.8% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 6,836 shares of the oil and gas company’s stock worth $323,000 after acquiring an additional 1,912 shares during the period. Daiwa Securities Group Inc. raised its stake in Schlumberger by 10.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 155,188 shares of the oil and gas company’s stock valued at $7,322,000 after acquiring an additional 14,094 shares during the period. Coldstream Capital Management Inc. lifted its holdings in Schlumberger by 1.7% during the 2nd quarter. Coldstream Capital Management Inc. now owns 23,541 shares of the oil and gas company’s stock valued at $1,111,000 after purchasing an additional 398 shares during the last quarter. Finally, Headlands Technologies LLC boosted its position in Schlumberger by 1,302.3% during the second quarter. Headlands Technologies LLC now owns 9,115 shares of the oil and gas company’s stock worth $430,000 after purchasing an additional 8,465 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on SLB shares. Jefferies Financial Group dropped their price objective on shares of Schlumberger from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. BMO Capital Markets cut their price objective on shares of Schlumberger from $60.00 to $58.00 and set an “outperform” rating for the company in a research report on Thursday, October 10th. Dbs Bank assumed coverage on Schlumberger in a research report on Wednesday, September 18th. They issued a “buy” rating and a $64.50 target price on the stock. Citigroup dropped their price target on Schlumberger from $53.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Finally, Stifel Nicolaus decreased their price objective on Schlumberger from $60.00 to $59.00 and set a “buy” rating on the stock in a report on Monday, December 23rd. Five research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.58.
Insider Activity at Schlumberger
In other news, EVP Abdellah Merad sold 60,000 shares of Schlumberger stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $41.90, for a total transaction of $2,514,000.00. Following the sale, the executive vice president now directly owns 211,937 shares of the company’s stock, valued at approximately $8,880,160.30. This trade represents a 22.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.26% of the stock is currently owned by insiders.
Schlumberger Price Performance
Shares of Schlumberger stock traded down $0.09 on Friday, reaching $38.72. 4,206,180 shares of the stock were exchanged, compared to its average volume of 9,141,840. The firm’s 50 day moving average is $41.00 and its 200-day moving average is $43.16. The firm has a market cap of $54.68 billion, a PE ratio of 12.45, a P/E/G ratio of 1.42 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. Schlumberger Limited has a one year low of $36.52 and a one year high of $55.69.
Schlumberger (NYSE:SLB – Get Free Report) last posted its quarterly earnings results on Friday, October 18th. The oil and gas company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. The company had revenue of $9.16 billion during the quarter, compared to analysts’ expectations of $9.27 billion. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. Schlumberger’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.78 EPS. As a group, analysts anticipate that Schlumberger Limited will post 3.39 EPS for the current fiscal year.
Schlumberger Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 4th were paid a $0.275 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.84%. Schlumberger’s payout ratio is currently 35.37%.
Schlumberger 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.
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