Capital International Investors Has $699.80 Million Holdings in Schlumberger Limited. (SLB)
Capital International Investors grew its stake in Schlumberger Limited. (NYSE:SLB) by 74.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,031,514 shares of the oil and gas company’s stock after acquiring an additional 4,294,058 shares during the quarter. Capital International Investors’ holdings in Schlumberger were worth $699,798,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Comprehensive Portfolio Management LLC bought a new stake in Schlumberger in the second quarter worth $885,000. Meyer Handelman Co. boosted its holdings in Schlumberger by 12.3% in the third quarter. Meyer Handelman Co. now owns 232,113 shares of the oil and gas company’s stock worth $16,193,000 after acquiring an additional 25,494 shares in the last quarter. WFG Advisors LP boosted its holdings in Schlumberger by 51.5% in the second quarter. WFG Advisors LP now owns 11,332 shares of the oil and gas company’s stock worth $746,000 after acquiring an additional 3,853 shares in the last quarter. Denver Investment Advisors LLC boosted its holdings in Schlumberger by 5.8% in 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 acquiring an additional 8,817 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in Schlumberger in the second quarter worth $14,156,000. 79.18% of the stock is currently owned by institutional investors and hedge funds.
Shares of Schlumberger Limited. (SLB) opened at $65.87 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.95. The company has a market capitalization of $91,250.00, a PE ratio of -60.43, a price-to-earnings-growth ratio of 5.08 and a beta of 0.98. Schlumberger Limited. has a 1 year low of $61.02 and a 1 year high of $82.69.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders 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 yield of 3.04%. The ex-dividend date is Tuesday, February 6th. Schlumberger’s payout ratio is -183.49%.
A number of research analysts have recently issued reports on the company. SunTrust Banks upped their price target on Schlumberger from $72.00 to $80.00 and gave the company a “hold” rating in a report on Tuesday, January 23rd. Susquehanna Bancshares set a $88.00 price target on Schlumberger and gave the company a “buy” rating in a report on Monday, January 22nd. Zacks Investment Research downgraded Schlumberger from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Barclays set a $75.00 price target on Schlumberger and gave the company a “hold” rating in a report on Tuesday, January 23rd. Finally, Loop Capital reaffirmed a “buy” rating and set a $82.00 price target (up from $77.00) on shares of Schlumberger in a report on Monday, January 22nd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $82.29.
In other Schlumberger news, insider Howard Guild sold 25,000 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 22,410 shares in the company, valued at $1,753,806.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Simon Ayat sold 75,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 138,827 shares of the company’s stock, valued at approximately $10,947,897.22. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.
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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