Capital Investment Advisory Services LLC boosted its position in Schlumberger Limited. (NYSE:SLB) by 8.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,451 shares of the oil and gas company’s stock after purchasing an additional 342 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Schlumberger were worth $152,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of SLB. BTC Capital Management Inc. increased its stake in Schlumberger by 3.6% during the 2nd quarter. BTC Capital Management Inc. now owns 88,704 shares of the oil and gas company’s stock valued at $3,520,000 after buying an additional 3,056 shares during the period. Camarda Financial Advisors LLC increased its stake in Schlumberger by 7.4% during the 2nd quarter. Camarda Financial Advisors LLC now owns 47,628 shares of the oil and gas company’s stock valued at $1,893,000 after buying an additional 3,275 shares during the period. Chesley Taft & Associates LLC increased its stake in Schlumberger by 2.1% during the 2nd quarter. Chesley Taft & Associates LLC now owns 21,500 shares of the oil and gas company’s stock valued at $854,000 after buying an additional 450 shares during the period. Manning & Napier Group LLC increased its stake in Schlumberger by 4.6% during the 2nd quarter. Manning & Napier Group LLC now owns 3,437,572 shares of the oil and gas company’s stock valued at $136,608,000 after buying an additional 152,088 shares during the period. Finally, Johnson Financial Group Inc. grew its stake in shares of Schlumberger by 11.7% in the 2nd quarter. Johnson Financial Group Inc. now owns 4,723 shares of the oil and gas company’s stock worth $188,000 after purchasing an additional 496 shares during the last quarter. Hedge funds and other institutional investors own 76.52% of the company’s stock.
Shares of SLB traded up $0.26 during midday trading on Friday, hitting $36.34. The stock had a trading volume of 8,211,488 shares, compared to its average volume of 10,844,604. Schlumberger Limited. has a fifty-two week low of $30.65 and a fifty-two week high of $51.29. The business has a 50-day simple moving average of $33.95 and a two-hundred day simple moving average of $36.68. The firm has a market cap of $50.83 billion, a P/E ratio of 22.43, a price-to-earnings-growth ratio of 3.45 and a beta of 1.49. The company has a current ratio of 1.29, a quick ratio of 0.95 and a debt-to-equity ratio of 0.67.
Schlumberger (NYSE:SLB) last announced its earnings results on Friday, October 18th. The oil and gas company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. Schlumberger had a negative net margin of 30.22% and a positive return on equity of 6.00%. The company had revenue of $8.54 billion during the quarter, compared to analysts’ expectations of $8.50 billion. During the same period last year, the company posted $0.46 earnings per share. The business’s revenue for the quarter was up .4% on a year-over-year basis. On average, analysts expect that Schlumberger Limited. will post 1.47 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Wednesday, December 4th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.50%. The ex-dividend date is Tuesday, December 3rd. Schlumberger’s payout ratio is 123.46%.
Several equities analysts have recently issued reports on SLB shares. ValuEngine raised shares of Schlumberger from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. lowered their price objective on shares of Schlumberger from $41.00 to $34.00 and set a “neutral” rating on the stock in a research note on Monday, September 9th. Cowen lowered their price objective on shares of Schlumberger from $47.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. TheStreet cut shares of Schlumberger from a “c” rating to a “d+” rating in a research note on Friday, October 18th. Finally, Royal Bank of Canada set a $40.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Schlumberger has an average rating of “Buy” and a consensus target price of $44.82.
In other Schlumberger news, VP Simon Farrant sold 5,000 shares of the firm’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $33.55, for a total value of $167,750.00. Following the completion of the transaction, the vice president now directly owns 20,316 shares in the company, valued at $681,601.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.48% of the company’s stock.
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.
Featured Article: Different Types of Derivatives
Receive News & Ratings for Schlumberger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger and related companies with MarketBeat.com's FREE daily email newsletter.