Schlumberger Limited. (NYSE:SLB) Shares Bought by Signaturefd LLC
Signaturefd LLC grew its holdings in Schlumberger Limited. (NYSE:SLB) by 43.5% in the first quarter, HoldingsChannel reports. The firm owned 9,068 shares of the oil and gas company’s stock after buying an additional 2,751 shares during the quarter. Signaturefd LLC’s holdings in Schlumberger were worth $395,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. MUFG Securities EMEA plc lifted its holdings in shares of Schlumberger by 144.0% during the 4th quarter. MUFG Securities EMEA plc now owns 237,926 shares of the oil and gas company’s stock valued at $8,584,000 after purchasing an additional 140,403 shares during the last quarter. Taylor Cottrill Erickson & Associates Inc. lifted its stake in Schlumberger by 31.2% in the 1st quarter. Taylor Cottrill Erickson & Associates Inc. now owns 31,794 shares of the oil and gas company’s stock valued at $1,385,000 after buying an additional 7,566 shares in the last quarter. Bristol Advisors LLC purchased a new position in Schlumberger in the 1st quarter worth approximately $523,000. Meyer Handelman Co. lifted its stake in Schlumberger by 3.5% in the 4th quarter. Meyer Handelman Co. now owns 216,869 shares of the oil and gas company’s stock worth $7,825,000 after purchasing an additional 7,328 shares in the last quarter. Finally, Washington Capital Management Inc. lifted its stake in Schlumberger by 11.3% in the 4th quarter. Washington Capital Management Inc. now owns 28,700 shares of the oil and gas company’s stock worth $1,035,000 after purchasing an additional 2,910 shares in the last quarter. 77.22% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:SLB traded down $0.24 on Wednesday, reaching $36.45. The company’s stock had a trading volume of 3,280,180 shares, compared to its average volume of 10,269,610. Schlumberger Limited. has a 52-week low of $34.46 and a 52-week high of $70.47. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.99 and a current ratio of 1.35. The stock has a market capitalization of $50.09 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 1.47 and a beta of 1.39.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Wednesday, June 5th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.49%. Schlumberger’s dividend payout ratio (DPR) is 123.46%.
In other news, insider Alexander C. Juden sold 8,643 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $43.29, for a total transaction of $374,155.47. Following the transaction, the insider now directly owns 70,260 shares in the company, valued at $3,041,555.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Simon Ayat sold 25,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $46.10, for a total transaction of $1,152,500.00. Following the transaction, the chief financial officer now owns 255,971 shares in the company, valued at $11,800,263.10. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.
Several equities analysts have commented on the stock. Stifel Nicolaus set a $50.00 price target on shares of Schlumberger and gave the stock a “hold” rating in a research note on Monday, April 22nd. BMO Capital Markets set a $44.00 target price on shares of Schlumberger and gave the stock a “hold” rating in a research note on Monday, April 22nd. Morgan Stanley set a $51.00 target price on shares of Schlumberger and gave the stock a “hold” rating in a research note on Monday, April 22nd. SunTrust Banks boosted their target price on shares of Schlumberger to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Finally, Barclays lowered their target price on shares of Schlumberger from $52.00 to $49.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company. Schlumberger has a consensus rating of “Hold” and an average target price of $55.78.
Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.
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