ST Germain D J Co. Inc. increased its stake in shares of Schlumberger Limited. (NYSE:SLB) by 1.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 140,289 shares of the oil and gas company’s stock after purchasing an additional 1,333 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Schlumberger were worth $6,112,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in SLB. CX Institutional increased its holdings in shares of Schlumberger by 158.4% in the 1st quarter. CX Institutional now owns 646 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 396 shares during the last quarter. Old North State Trust LLC grew its stake in Schlumberger by 100.2% during the 1st quarter. Old North State Trust LLC now owns 871 shares of the oil and gas company’s stock worth $37,000 after buying an additional 436 shares during the last quarter. Berman Capital Advisors LLC bought a new position in Schlumberger during the 4th quarter worth $31,000. Riverview Trust Co grew its stake in Schlumberger by 94.6% during the 1st quarter. Riverview Trust Co now owns 899 shares of the oil and gas company’s stock worth $39,000 after buying an additional 437 shares during the last quarter. Finally, Bruderman Asset Management LLC bought a new position in Schlumberger during the 4th quarter worth $33,000. 77.22% of the stock is owned by institutional investors.
Shares of NYSE:SLB traded down $0.86 during midday trading on Friday, hitting $35.93. The company had a trading volume of 11,231,883 shares, compared to its average volume of 10,334,171. The company has a quick ratio of 0.99, a current ratio of 1.35 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $49.28 billion, a P/E ratio of 22.18, a P/E/G ratio of 1.47 and a beta of 1.39. Schlumberger Limited. has a 12 month low of $34.46 and a 12 month high of $69.61.
Schlumberger (NYSE:SLB) last posted its earnings results on Thursday, April 18th. The oil and gas company reported $0.30 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. The firm had revenue of $7.88 billion for the quarter, compared to analyst estimates of $7.82 billion. Schlumberger had a return on equity of 5.87% and a net margin of 6.19%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. As a group, equities research analysts expect that Schlumberger Limited. will post 1.57 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Wednesday, June 5th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date of this dividend is Tuesday, June 4th. Schlumberger’s dividend payout ratio is currently 123.46%.
A number of research analysts have issued reports on the company. Stifel Nicolaus upgraded Schlumberger from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Friday, June 7th. Royal Bank of Canada cut their price objective on Schlumberger to $51.00 and set an “outperform” rating for the company in a report on Wednesday, May 15th. SunTrust Banks upped their price objective on Schlumberger to $53.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. BMO Capital Markets set a $44.00 price objective on Schlumberger and gave the company a “hold” rating in a report on Monday, April 22nd. Finally, Morgan Stanley set a $51.00 target price on Schlumberger and gave the stock a “hold” rating in a research report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $55.78.
In other Schlumberger news, CFO Simon Ayat sold 25,000 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $11,800,263.10. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Alexander C. Juden sold 8,643 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $43.29, for a total value of $374,155.47. Following the transaction, the insider now directly owns 70,260 shares in the company, valued at approximately $3,041,555.40. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.
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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.
Further Reading: Average Daily Trade Volume – ADTV
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