Heritage Investors Management Corp lowered its position in Schlumberger (NYSE:SLB) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 296,977 shares of the oil and gas company’s stock after selling 4,909 shares during the quarter. Heritage Investors Management Corp’s holdings in Schlumberger were worth $20,013,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of SLB. Harding Loevner LP lifted its stake in shares of Schlumberger by 1,337.3% during the third quarter. Harding Loevner LP now owns 138,957,632 shares of the oil and gas company’s stock worth $569,035,000 after purchasing an additional 129,289,552 shares in the last quarter. Dodge & Cox lifted its stake in shares of Schlumberger by 12.8% during the second quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock worth $3,178,193,000 after purchasing an additional 5,494,165 shares in the last quarter. Capital International Investors lifted its stake in shares of Schlumberger by 74.8% during the third quarter. Capital International Investors now owns 10,031,514 shares of the oil and gas company’s stock worth $699,798,000 after purchasing an additional 4,294,058 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Schlumberger by 2.9% during the second quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock worth $6,519,670,000 after purchasing an additional 2,790,227 shares in the last quarter. Finally, Northern Cross LLC lifted its stake in shares of Schlumberger by 15.3% during the fourth quarter. Northern Cross LLC now owns 19,852,648 shares of the oil and gas company’s stock worth $1,337,870,000 after purchasing an additional 2,637,527 shares in the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.
Shares of Schlumberger stock opened at $67.56 on Friday. 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 stock has a market capitalization of $92,322.18, a P/E ratio of 45.04, a PEG ratio of 5.26 and a beta of 1.05. Schlumberger has a fifty-two week low of $61.02 and a fifty-two week high of $80.35.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Wednesday, February 7th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.96%. The ex-dividend date is Tuesday, February 6th. Schlumberger’s dividend payout ratio is currently 133.33%.
A number of research analysts have commented on SLB shares. Royal Bank of Canada set a $73.00 price objective on Schlumberger and gave the stock a “buy” rating in a research note on Thursday, December 21st. Barclays set a $70.00 price objective on Schlumberger and gave the stock a “hold” rating in a research note on Saturday, March 24th. UBS set a $95.00 price objective on Schlumberger and gave the stock a “buy” rating in a research note on Monday, January 22nd. Zacks Investment Research lowered Schlumberger from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Finally, ValuEngine lowered Schlumberger from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $81.23.
In other news, insider Mogharbel Khaled Al acquired 3,000 shares of the stock in a transaction that occurred on Wednesday, March 28th. The stock was purchased at an average cost of $64.30 per share, with a total value of $192,900.00. Following the completion of the acquisition, the insider now directly owns 30,482 shares in the company, valued at $1,959,992.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Paal Kibsgaard acquired 10,000 shares of the stock in a transaction that occurred on Monday, March 26th. The stock was purchased at an average cost of $64.68 per share, with a total value of $646,800.00. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 18,000 shares of company stock valued at $1,163,650. 0.48% of the stock is owned by corporate insiders.
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Schlumberger Company 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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