St. James Investment Company LLC Has $38.47 Million Position in Schlumberger Limited. (SLB)

St. James Investment Company LLC boosted its holdings in Schlumberger Limited. (NYSE:SLB) by 59.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 631,487 shares of the oil and gas company’s stock after acquiring an additional 236,492 shares during the quarter. Schlumberger comprises 3.5% of St. James Investment Company LLC’s portfolio, making the stock its 15th largest holding. St. James Investment Company LLC’s holdings in Schlumberger were worth $38,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Westwood Holdings Group Inc. increased its position in shares of Schlumberger by 67.0% during the 1st quarter. Westwood Holdings Group Inc. now owns 92,993 shares of the oil and gas company’s stock valued at $6,025,000 after purchasing an additional 37,312 shares during the period. Chilton Capital Management LLC increased its position in shares of Schlumberger by 1.0% during the 1st quarter. Chilton Capital Management LLC now owns 160,207 shares of the oil and gas company’s stock valued at $10,378,000 after purchasing an additional 1,651 shares during the period. Senvest Management LLC acquired a new position in shares of Schlumberger during the 1st quarter valued at $648,000. Birch Hill Investment Advisors LLC increased its position in shares of Schlumberger by 5.0% during the 1st quarter. Birch Hill Investment Advisors LLC now owns 105,065 shares of the oil and gas company’s stock valued at $6,806,000 after purchasing an additional 4,966 shares during the period. Finally, IHT Wealth Management LLC increased its position in shares of Schlumberger by 11.0% during the 1st quarter. IHT Wealth Management LLC now owns 7,588 shares of the oil and gas company’s stock valued at $482,000 after purchasing an additional 751 shares during the period. Hedge funds and other institutional investors own 78.52% of the company’s stock.

Shares of NYSE SLB opened at $52.90 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. The firm has a market capitalization of $73.26 billion, a P/E ratio of 30.23, a P/E/G ratio of 5.21 and a beta of 0.93. Schlumberger Limited. has a 52-week low of $51.84 and a 52-week high of $80.35.



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

The business also recently announced a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Wednesday, December 5th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Tuesday, December 4th. Schlumberger’s payout ratio is 133.33%.

SLB has been the topic of several research analyst reports. ValuEngine cut Schlumberger from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Piper Jaffray Companies reiterated a “buy” rating and set a $80.00 price target on shares of Schlumberger in a research report on Monday, July 23rd. Credit Suisse Group lifted their price target on Schlumberger from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, July 23rd. Citigroup lowered their price target on Schlumberger from $78.00 to $77.00 and set a “buy” rating on the stock in a research report on Monday, July 23rd. Finally, Seaport Global Securities set a $72.00 price target on Schlumberger and gave the company a “buy” rating in a research report on Monday, July 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have issued a buy rating to the stock. Schlumberger has a consensus rating of “Buy” and an average price target of $76.84.

In related news, Director Michael E. Marks bought 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 6th. The shares were acquired at an average cost of $60.31 per share, for a total transaction of $482,480.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.48% of the company’s stock.

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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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).

Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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