Capital International Sarl lifted its position in Schlumberger Limited. (NYSE:SLB) by 28.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,783 shares of the oil and gas company’s stock after buying an additional 25,193 shares during the quarter. Capital International Sarl’s holdings in Schlumberger were worth $4,614,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Vestor Capital LLC bought a new position in shares of Schlumberger in the fourth quarter worth approximately $42,000. S.A. Mason LLC bought a new position in Schlumberger during the fourth quarter valued at approximately $43,000. Pacitti Group Inc. bought a new position in Schlumberger during the fourth quarter valued at approximately $44,000. Advisors Preferred LLC bought a new position in Schlumberger during the fourth quarter valued at approximately $47,000. Finally, Cornerstone Advisors Inc. grew its position in Schlumberger by 58.4% during the fourth quarter. Cornerstone Advisors Inc. now owns 1,174 shares of the oil and gas company’s stock valued at $47,000 after acquiring an additional 433 shares during the last quarter. 78.10% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Vijay Kasibhatla purchased 2,000 shares of Schlumberger stock in a transaction dated Monday, March 9th. The stock was purchased at an average cost of $17.05 per share, for a total transaction of $34,100.00. Following the completion of the acquisition, the director now directly owns 29,362 shares of the company’s stock, valued at $500,622.10. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Rajeev Sonthalia purchased 1,000 shares of Schlumberger stock in a transaction dated Monday, February 3rd. The shares were bought at an average price of $35.24 per share, with a total value of $35,240.00. Following the completion of the acquisition, the insider now directly owns 13,829 shares of the company’s stock, valued at $487,333.96. The disclosure for this purchase can be found here. Company insiders own 0.58% of the company’s stock.
Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $8.23 billion during the quarter, compared to analyst estimates of $8.16 billion. Schlumberger had a positive return on equity of 6.77% and a negative net margin of 30.80%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 earnings per share. As a group, analysts predict that Schlumberger Limited. will post 1.12 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 13.09%. The ex-dividend date of this dividend is Tuesday, February 11th. Schlumberger’s dividend payout ratio is currently 136.05%.
SLB has been the topic of a number of recent research reports. Wells Fargo & Co increased their price target on shares of Schlumberger from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Citigroup reduced their price target on shares of Schlumberger from $17.00 to $11.50 and set a “neutral” rating on the stock in a research report on Friday, March 20th. Cowen cut shares of Schlumberger from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $44.00 to $42.00 in a research report on Tuesday, January 21st. Bernstein Bank initiated coverage on shares of Schlumberger in a research report on Tuesday, January 14th. They set an “underperform” rating and a $27.10 price target on the stock. Finally, Barclays reiterated a “buy” rating and set a $25.00 price target on shares of Schlumberger in a research report on Friday, March 20th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $35.99.
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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