Northern Capital Management LLC raised its position in Schlumberger Limited. (NYSE:SLB) by 116.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,270 shares of the oil and gas company’s stock after purchasing an additional 16,850 shares during the period. Northern Capital Management LLC’s holdings in Schlumberger were worth $2,026,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in SLB. Delek Group Ltd. purchased a new position in shares of Schlumberger during the 4th quarter worth about $100,000. FNY Partners Fund LP purchased a new position in shares of Schlumberger during the 4th quarter worth about $101,000. Rational Advisors LLC purchased a new position in shares of Schlumberger during the 4th quarter worth about $108,000. American Research & Management Co. lifted its holdings in shares of Schlumberger by 81.1% during the 4th quarter. American Research & Management Co. now owns 1,731 shares of the oil and gas company’s stock worth $117,000 after acquiring an additional 775 shares during the period. Finally, Delpha Capital Management LLC purchased a new position in shares of Schlumberger during the 4th quarter worth about $119,000. Institutional investors own 78.55% of the company’s stock.
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In other news, insider Mogharbel Khaled Al acquired 3,000 shares of the stock in a transaction on Wednesday, March 28th. The stock was bought at an average price of $64.30 per share, with a total value of $192,900.00. Following the completion of the transaction, the insider now directly owns 30,482 shares of the company’s stock, valued at $1,959,992.60. The transaction was disclosed in a document filed 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 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. Insiders acquired 18,000 shares of company stock valued at $1,163,650 in the last ninety days. 0.48% of the stock is owned by corporate insiders.
Shares of NYSE:SLB opened at $69.43 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.11 and a quick ratio of 0.86. Schlumberger Limited. has a 52-week low of $61.02 and a 52-week high of $80.35. The company has a market capitalization of $95.41 billion, a price-to-earnings ratio of 46.29, a PEG ratio of 5.59 and a beta of 1.05.
Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, April 20th. The oil and gas company reported $0.38 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.38. Schlumberger had a negative net margin of 4.01% and a positive return on equity of 5.85%. The company had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.79 billion. During the same quarter last year, the company earned $0.25 earnings per share. Schlumberger’s revenue for the quarter was up 13.6% on a year-over-year basis. analysts anticipate that Schlumberger Limited. will post 2.05 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Wednesday, June 6th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.88%. The ex-dividend date is Tuesday, June 5th. Schlumberger’s dividend payout ratio (DPR) is 133.33%.
SLB has been the topic of several recent analyst reports. Barclays set a $70.00 price objective on shares of Schlumberger and gave the stock a “hold” rating in a report on Saturday, March 24th. Zacks Investment Research upgraded shares of Schlumberger from a “sell” rating to a “hold” rating in a report on Monday, February 26th. SunTrust Banks upgraded shares of Schlumberger from a “hold” rating to a “buy” rating in a report on Tuesday, April 3rd. They noted that the move was a valuation call. Bank of America upgraded shares of Schlumberger from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $66.50 to $75.00 in a report on Monday, February 26th. Finally, Griffin Securities upgraded shares of Schlumberger from a “neutral” rating to a “buy” rating in a report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $79.88.
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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