Bellecapital International Ltd. Lowers Holdings in Schlumberger Limited. (SLB)
Bellecapital International Ltd. decreased its holdings in shares of Schlumberger Limited. (NYSE:SLB) by 14.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,695 shares of the oil and gas company’s stock after selling 6,048 shares during the quarter. Schlumberger comprises approximately 2.9% of Bellecapital International Ltd.’s investment portfolio, making the stock its 12th biggest holding. Bellecapital International Ltd.’s holdings in Schlumberger were worth $2,490,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of SLB. First Eagle Investment Management LLC grew its position in shares of Schlumberger by 103.9% during the 2nd quarter. First Eagle Investment Management LLC now owns 16,025,764 shares of the oil and gas company’s stock worth $1,055,136,000 after buying an additional 8,167,945 shares during the period. Dodge & Cox grew its holdings in Schlumberger by 12.8% during the second quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock valued at $3,178,193,000 after purchasing an additional 5,494,165 shares during the period. American Century Companies Inc. grew its holdings in Schlumberger by 33.5% during the second quarter. American Century Companies Inc. now owns 11,117,713 shares of the oil and gas company’s stock valued at $731,990,000 after purchasing an additional 2,791,675 shares during the period. Vanguard Group Inc. grew its holdings in Schlumberger by 2.9% during the second quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock valued at $6,519,670,000 after purchasing an additional 2,790,227 shares during the period. Finally, Capital Research Global Investors grew its holdings in Schlumberger by 13.8% during the second quarter. Capital Research Global Investors now owns 16,460,016 shares of the oil and gas company’s stock valued at $1,083,727,000 after purchasing an additional 1,993,829 shares during the period. Institutional investors own 79.30% of the company’s stock.
Schlumberger Limited. (NYSE:SLB) opened at $67.92 on Thursday. Schlumberger Limited. has a fifty-two week low of $61.02 and a fifty-two week high of $87.84. The company has a market cap of $93,422.07, a price-to-earnings ratio of 174.16, a price-to-earnings-growth ratio of 2.07 and a beta of 1.01. 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 (NYSE:SLB) last released its quarterly earnings data on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. Schlumberger had a net margin of 7.03% and a return on equity of 5.53%. The firm had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $7.91 billion. During the same period in the previous year, the company earned $0.25 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. equities research analysts predict that Schlumberger Limited. will post 1.47 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Wednesday, December 6th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $2.00 annualized dividend and a dividend yield of 2.94%. Schlumberger’s dividend payout ratio is currently 512.83%.
In related news, Director Tore I. Sandvold sold 3,500 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total value of $219,205.00. Following the transaction, the director now directly owns 1,500 shares in the company, valued at $93,945. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.38% of the stock is owned by insiders.
A number of brokerages recently issued reports on SLB. Royal Bank of Canada set a $73.00 price objective on shares of Schlumberger and gave the company a “buy” rating in a report on Thursday, December 21st. Goldman Sachs Group cut shares of Schlumberger from a “conviction-buy” rating to a “buy” rating and set a $75.00 price objective for the company. in a report on Monday, November 13th. Zacks Investment Research upgraded shares of Schlumberger from a “sell” rating to a “hold” rating in a report on Friday, November 10th. B. Riley restated a “buy” rating on shares of Schlumberger in a report on Friday, November 3rd. Finally, SunTrust Banks restated a “hold” rating on shares of Schlumberger in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $79.42.
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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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