Tiaa Fsb Boosts Holdings in Schlumberger Limited. (SLB)
Tiaa Fsb boosted its position in shares of Schlumberger Limited. (NYSE:SLB) by 5.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,001 shares of the oil and gas company’s stock after buying an additional 1,618 shares during the quarter. Tiaa Fsb’s holdings in Schlumberger were worth $1,766,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Jolley Asset Management LLC lifted its holdings in Schlumberger by 9.3% during the 3rd quarter. Jolley Asset Management LLC now owns 64,846 shares of the oil and gas company’s stock worth $3,950,000 after buying an additional 5,541 shares in the last quarter. Westbourne Investment Advisors Inc. acquired a new position in Schlumberger during the 3rd quarter worth $158,000. Winslow Asset Management Inc. lifted its stake in shares of Schlumberger by 1.5% in the 3rd quarter. Winslow Asset Management Inc. now owns 108,639 shares of the oil and gas company’s stock valued at $6,618,000 after purchasing an additional 1,593 shares during the period. Lodestar Investment Counsel LLC IL lifted its stake in shares of Schlumberger by 2.0% in the 3rd quarter. Lodestar Investment Counsel LLC IL now owns 214,202 shares of the oil and gas company’s stock valued at $13,049,000 after purchasing an additional 4,158 shares during the period. Finally, Seven Eight Capital LP lifted its stake in shares of Schlumberger by 264.2% in the 3rd quarter. Seven Eight Capital LP now owns 256,134 shares of the oil and gas company’s stock valued at $15,604,000 after purchasing an additional 185,800 shares during the period. 78.56% of the stock is currently owned by hedge funds and other institutional investors.
SLB has been the topic of a number of analyst reports. Stifel Nicolaus initiated coverage on Schlumberger in a research note on Monday, September 10th. They issued a “hold” rating and a $69.00 price target on the stock. Seaport Global Securities set a $72.00 price target on Schlumberger and gave the company a “buy” rating in a research note on Monday, July 23rd. Bank of America initiated coverage on Schlumberger in a research note on Wednesday, October 17th. They issued a “buy” rating on the stock. Citigroup cut their price target on Schlumberger from $78.00 to $77.00 and set a “buy” rating on the stock in a research note on Monday, July 23rd. Finally, Morgan Stanley initiated coverage on Schlumberger in a research note on Tuesday, September 18th. They issued an “equal weight” rating and a $72.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $78.84.
Shares of Schlumberger stock opened at $58.47 on Monday. The firm has a market cap of $80.93 billion, a P/E ratio of 38.98, a price-to-earnings-growth ratio of 5.58 and a beta of 0.93. Schlumberger Limited. has a 12 month low of $57.59 and a 12 month high of $80.35. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.12.
Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, October 19th. The oil and gas company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.01. The business had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.57 billion. Schlumberger had a positive return on equity of 6.25% and a negative net margin of 2.34%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 EPS. On average, analysts expect that Schlumberger Limited. will post 1.73 EPS for the current year.
Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.
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