Schlumberger Limited. (SLB) Shares Bought by Xact Kapitalforvaltning AB
Xact Kapitalforvaltning AB grew its holdings in shares of Schlumberger Limited. (NYSE:SLB) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 114,892 shares of the oil and gas company’s stock after buying an additional 3,171 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Schlumberger were worth $8,015,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in SLB. Comprehensive Portfolio Management LLC bought a new position in Schlumberger during the second quarter worth $885,000. Bank of Montreal Can lifted its stake in Schlumberger by 41.6% during the second quarter. Bank of Montreal Can now owns 1,601,025 shares of the oil and gas company’s stock worth $105,414,000 after purchasing an additional 470,615 shares during the last quarter. Denver Investment Advisors LLC lifted its stake in Schlumberger by 5.8% during the second quarter. Denver Investment Advisors LLC now owns 160,191 shares of the oil and gas company’s stock worth $10,547,000 after purchasing an additional 8,817 shares during the last quarter. MUFG Securities EMEA plc bought a new position in Schlumberger during the second quarter worth $14,156,000. Finally, SOL Capital Management CO lifted its stake in Schlumberger by 8.3% during the second quarter. SOL Capital Management CO now owns 5,226 shares of the oil and gas company’s stock worth $344,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 79.32% of the company’s stock.
Schlumberger Limited. (NYSE SLB) opened at $67.44 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.53 and a quick ratio of 1.20. Schlumberger Limited. has a 1 year low of $61.02 and a 1 year high of $87.84. The firm has a market capitalization of $94,003.88, a price-to-earnings ratio of 172.93, a P/E/G ratio of 2.08 and a beta of 1.01.
Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.42. Schlumberger had a return on equity of 4.42% and a net margin of 1.86%. The business had revenue of $7.91 billion during the quarter, compared to analyst estimates of $7.91 billion. During the same quarter last year, the company posted $0.25 EPS. Schlumberger’s revenue for the quarter was up 12.6% on a year-over-year basis. research analysts expect that Schlumberger Limited. will post 1.47 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Wednesday, December 6th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.97%. Schlumberger’s dividend payout ratio (DPR) is 512.83%.
In related news, Director Tore I. Sandvold sold 3,500 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total value of $219,205.00. Following the completion of the transaction, the director now owns 1,500 shares in the company, valued at approximately $93,945. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.38% of the company’s stock.
A number of equities research analysts have issued reports on the company. Jefferies Group reiterated a “buy” rating and issued a $80.00 target price on shares of Schlumberger in a research note on Friday, September 29th. Loop Capital cut their target price on Schlumberger from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, October 26th. Royal Bank of Canada set a $86.00 target price on Schlumberger and gave the company a “buy” rating in a research note on Saturday, October 7th. SunTrust Banks reiterated a “hold” rating on shares of Schlumberger in a research note on Tuesday, October 31st. Finally, Zacks Investment Research cut Schlumberger from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $79.42.
Schlumberger Company Profile
Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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