Aureus Asset Management LLC Has $7.72 Million Holdings in Schlumberger Limited. (SLB)
Aureus Asset Management LLC decreased its position in Schlumberger Limited. (NYSE:SLB) by 8.4% during the third quarter, HoldingsChannel.com reports. The firm owned 110,707 shares of the oil and gas company’s stock after selling 10,133 shares during the quarter. Aureus Asset Management LLC’s holdings in Schlumberger were worth $7,723,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the company. Harding Loevner LP increased its position in Schlumberger by 1,337.3% during the third quarter. Harding Loevner LP now owns 138,957,632 shares of the oil and gas company’s stock worth $569,035,000 after acquiring an additional 129,289,552 shares during the period. First Eagle Investment Management LLC increased its holdings in Schlumberger by 103.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 16,025,764 shares of the oil and gas company’s stock valued at $1,055,136,000 after buying an additional 8,167,945 shares during the period. Dodge & Cox boosted its stake in shares of Schlumberger by 12.8% in the 2nd 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 in the last quarter. American Century Companies Inc. boosted its stake in shares of Schlumberger by 33.5% in the 2nd 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 in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Schlumberger by 2.9% in the 2nd 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 in the last quarter. 79.30% of the stock is currently owned by institutional investors.
Several research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Schlumberger from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. Barclays set a $75.00 price target on Schlumberger and gave the company a “hold” rating in a research note on Tuesday, January 23rd. SunTrust Banks upped their price target on Schlumberger from $72.00 to $80.00 and gave the company a “hold” rating in a research note on Tuesday, January 23rd. Susquehanna Bancshares set a $88.00 target price on Schlumberger and gave the stock a “buy” rating in a research note on Monday, January 22nd. Finally, Credit Suisse Group reissued a “buy” rating and set a $86.00 target price (up from $71.00) on shares of Schlumberger in a research note on Monday, January 22nd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. Schlumberger has an average rating of “Buy” and a consensus target price of $82.29.
Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.04. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The company had revenue of $8.18 billion for the quarter, compared to analysts’ expectations of $8.12 billion. During the same quarter last year, the business earned $0.27 earnings per share. Schlumberger’s revenue was up 15.1% on a year-over-year basis. analysts expect that Schlumberger Limited. will post 2.19 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Wednesday, February 7th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Tuesday, February 6th. Schlumberger’s payout ratio is currently -183.49%.
In related news, CFO Simon Ayat sold 75,000 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $78.86, for a total value of $5,914,500.00. Following the transaction, the chief financial officer now owns 138,827 shares in the company, valued at $10,947,897.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Howard Guild sold 25,000 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $78.26, for a total value of $1,956,500.00. Following the completion of the transaction, the insider now owns 22,410 shares in the company, valued at approximately $1,753,806.60. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by company insiders.
WARNING: “Aureus Asset Management LLC Has $7.72 Million Holdings in Schlumberger Limited. (SLB)” was first reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://theolympiareport.com/2018/02/11/aureus-asset-management-llc-has-7-72-million-holdings-in-schlumberger-limited-slb.html.
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.
Want to see what other hedge funds are holding SLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schlumberger Limited. (NYSE:SLB).
Receive News & Ratings for Schlumberger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger and related companies with MarketBeat.com's FREE daily email newsletter.