Exencial Wealth Advisors LLC raised its position in shares of Schlumberger Limited. (NYSE:SLB) by 8.9% during the third quarter, Holdings Channel reports. The fund owned 69,363 shares of the oil and gas company’s stock after acquiring an additional 5,695 shares during the quarter. Schlumberger accounts for approximately 1.0% of Exencial Wealth Advisors LLC’s investment portfolio, making the stock its 29th largest holding. Exencial Wealth Advisors LLC’s holdings in Schlumberger were worth $4,226,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in Schlumberger by 8.0% in the second quarter. Bank of New York Mellon Corp now owns 29,461,493 shares of the oil and gas company’s stock worth $1,974,805,000 after purchasing an additional 2,188,823 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Schlumberger by 20.1% during the third quarter. American Century Companies Inc. now owns 10,218,188 shares of the oil and gas company’s stock valued at $622,492,000 after acquiring an additional 1,707,050 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Schlumberger by 6.2% in the 3rd quarter. Fisher Asset Management LLC now owns 6,576,688 shares of the oil and gas company’s stock worth $400,652,000 after buying an additional 385,816 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in Schlumberger by 3.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 5,720,875 shares of the oil and gas company’s stock worth $383,471,000 after buying an additional 164,182 shares during the period. Finally, Swiss National Bank increased its holdings in Schlumberger by 2.8% in the 2nd quarter. Swiss National Bank now owns 4,950,935 shares of the oil and gas company’s stock worth $331,861,000 after buying an additional 133,900 shares during the period. Institutional investors and hedge funds own 78.47% of the company’s stock.

In other news, CFO Simon Ayat sold 60,000 shares of the firm’s stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $56.60, for a total value of $3,396,000.00. Following the completion of the sale, the chief financial officer now owns 234,008 shares of the company’s stock, valued at $13,244,852.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael E. Marks bought 8,000 shares of the firm’s stock in a transaction dated Thursday, September 6th. The stock was acquired at an average cost of $60.31 per share, with a total value of $482,480.00. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by company insiders.

NYSE:SLB opened at $50.40 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.13. Schlumberger Limited. has a 52 week low of $50.00 and a 52 week high of $80.35. The company has a market cap of $72.45 billion, a price-to-earnings ratio of 33.60, a PEG ratio of 5.16 and a beta of 1.03.

Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Friday, October 19th. The oil and gas company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01. Schlumberger had a positive return on equity of 6.55% and a negative net margin of 2.00%. The business had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.57 billion. During the same quarter last year, the business posted $0.42 EPS. The business’s revenue was up 7.6% on a year-over-year basis. On average, research analysts forecast that Schlumberger Limited. will post 1.69 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Wednesday, December 5th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Tuesday, December 4th. Schlumberger’s dividend payout ratio (DPR) is presently 133.33%.

Several equities research analysts have commented on the company. Tudor Pickering lowered Schlumberger from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. ValuEngine lowered Schlumberger from a “hold” rating to a “sell” rating in a report on Tuesday, September 4th. Credit Suisse Group raised their price objective on Schlumberger from $80.00 to $82.00 and gave the company a “buy” rating in a report on Monday, July 23rd. UBS Group cut their target price on Schlumberger from $92.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, October 22nd. Finally, Jefferies Financial Group set a $80.00 target price on Schlumberger and gave the stock a “buy” rating in a research note on Monday, July 23rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $76.84.

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Schlumberger Profile

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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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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