Schlumberger Limited. (SLB) is Kempner Capital Management Inc.’s 7th Largest Position
Kempner Capital Management Inc. boosted its position in Schlumberger Limited. (NYSE:SLB) by 13.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,365 shares of the oil and gas company’s stock after purchasing an additional 11,489 shares during the period. Schlumberger comprises 4.1% of Kempner Capital Management Inc.’s investment portfolio, making the stock its 7th biggest position. Kempner Capital Management Inc.’s holdings in Schlumberger were worth $6,494,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. United Asset Strategies Inc. grew its position in shares of Schlumberger by 3.3% in the second quarter. United Asset Strategies Inc. now owns 68,144 shares of the oil and gas company’s stock valued at $4,487,000 after purchasing an additional 2,182 shares during the period. Alpine Woods Capital Investors LLC boosted its holdings in Schlumberger by 77.2% in the second quarter. Alpine Woods Capital Investors LLC now owns 21,800 shares of the oil and gas company’s stock valued at $1,435,000 after acquiring an additional 9,500 shares during the last quarter. Pinnacle Financial Partners Inc. lifted its stake in shares of Schlumberger by 27.3% during the second quarter. Pinnacle Financial Partners Inc. now owns 40,418 shares of the oil and gas company’s stock worth $2,662,000 after purchasing an additional 8,665 shares in the last quarter. Rational Advisors LLC acquired a new position in shares of Schlumberger during the second quarter worth about $198,000. Finally, Dupont Capital Management Corp lifted its stake in shares of Schlumberger by 9.2% during the second quarter. Dupont Capital Management Corp now owns 291,145 shares of the oil and gas company’s stock worth $19,169,000 after purchasing an additional 24,593 shares in the last quarter. 80.69% of the stock is owned by hedge funds and other institutional investors.
SLB has been the topic of a number of analyst reports. Jefferies Group set a $78.00 target price on Schlumberger and gave the stock a “buy” rating in a research report on Thursday, January 4th. Loop Capital lowered their target price on Schlumberger from $80.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, October 26th. SunTrust Banks reiterated a “hold” rating on shares of Schlumberger in a research report on Tuesday, October 31st. B. Riley set a $80.00 price objective on Schlumberger and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Finally, Zacks Investment Research downgraded Schlumberger from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $81.37.
Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. The business had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.12 billion. During the same period last year, the business posted $0.27 earnings per share. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. research analysts anticipate that Schlumberger Limited. will post 2.17 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Wednesday, February 7th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, February 6th. This represents a $2.00 annualized dividend and a yield of 3.08%. Schlumberger’s payout ratio is currently -175.44%.
In other news, CFO Simon Ayat sold 75,000 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $78.86, for a total transaction of $5,914,500.00. Following the transaction, the chief financial officer now directly owns 138,827 shares in the company, valued at approximately $10,947,897.22. The transaction 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 Schlumberger stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $78.26, for a total transaction of $1,956,500.00. Following the sale, the insider now directly owns 22,410 shares of the company’s stock, valued at approximately $1,753,806.60. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.
WARNING: This report was first published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this report on another site, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this report can be viewed at https://theolympiareport.com/2018/02/23/schlumberger-limited-slb-is-kempner-capital-management-inc-s-7th-largest-position.html.
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.