Asset Management One Co. Ltd. Has $21.03 Million Stock Holdings in Schlumberger Limited (NYSE:SLB)

Asset Management One Co. Ltd. lessened its holdings in shares of Schlumberger Limited (NYSE:SLBGet Rating) by 1.1% in the third quarter, Holdings Channel.com reports. The fund owned 585,885 shares of the oil and gas company’s stock after selling 6,552 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Schlumberger were worth $21,033,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. FMR LLC grew its holdings in Schlumberger by 44.9% during the 2nd quarter. FMR LLC now owns 32,671,828 shares of the oil and gas company’s stock worth $1,168,374,000 after acquiring an additional 10,121,321 shares during the period. Amundi grew its holdings in shares of Schlumberger by 1.5% in the 2nd quarter. Amundi now owns 29,555,312 shares of the oil and gas company’s stock valued at $931,195,000 after buying an additional 439,979 shares during the period. Jennison Associates LLC grew its holdings in shares of Schlumberger by 59.3% in the 2nd quarter. Jennison Associates LLC now owns 28,917,488 shares of the oil and gas company’s stock valued at $1,034,089,000 after buying an additional 10,761,322 shares during the period. Artisan Partners Limited Partnership grew its holdings in shares of Schlumberger by 0.9% in the 2nd quarter. Artisan Partners Limited Partnership now owns 16,314,429 shares of the oil and gas company’s stock valued at $583,404,000 after buying an additional 141,333 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Schlumberger by 1.1% in the 2nd quarter. Northern Trust Corp now owns 15,150,363 shares of the oil and gas company’s stock valued at $541,777,000 after buying an additional 158,201 shares during the period. Institutional investors and hedge funds own 80.22% of the company’s stock.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, VP Kevin Fyfe sold 36,850 shares of the stock in a transaction dated Monday, January 23rd. The shares were sold at an average price of $57.50, for a total value of $2,118,875.00. Following the transaction, the vice president now directly owns 32,105 shares of the company’s stock, valued at approximately $1,846,037.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Schlumberger news, VP Kevin Fyfe sold 36,850 shares of the stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $57.50, for a total transaction of $2,118,875.00. Following the transaction, the vice president now owns 32,105 shares in the company, valued at approximately $1,846,037.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Howard Guild sold 20,053 shares of the stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $53.00, for a total transaction of $1,062,809.00. Following the transaction, the chief accounting officer now owns 35,994 shares in the company, valued at approximately $1,907,682. The disclosure for this sale can be found here. Insiders have sold a total of 269,389 shares of company stock valued at $15,026,271 in the last three months. 0.28% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of Schlumberger from $52.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, November 7th. Citigroup upped their target price on shares of Schlumberger from $62.00 to $67.00 and gave the stock a “buy” rating in a research note on Tuesday. Wells Fargo & Company upped their target price on shares of Schlumberger from $51.00 to $69.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 26th. TheStreet raised shares of Schlumberger from a “c+” rating to a “b” rating in a research note on Tuesday, October 11th. Finally, Benchmark started coverage on shares of Schlumberger in a research note on Thursday, January 19th. They issued a “buy” rating and a $65.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $57.52.

Schlumberger Stock Down 0.7 %

Shares of SLB stock opened at $55.47 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.92 and a current ratio of 1.25. The firm’s 50-day moving average is $52.95 and its 200-day moving average is $44.91. The stock has a market cap of $78.66 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 0.49 and a beta of 1.79. Schlumberger Limited has a 52-week low of $30.65 and a 52-week high of $62.78.

Schlumberger (NYSE:SLBGet Rating) last issued its earnings results on Friday, January 20th. The oil and gas company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The company had revenue of $7.88 billion for the quarter, compared to analysts’ expectations of $7.80 billion. Schlumberger had a net margin of 12.25% and a return on equity of 18.51%. Schlumberger’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. Sell-side analysts predict that Schlumberger Limited will post 3.01 EPS for the current year.

Schlumberger Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 6th. Shareholders of record on Wednesday, February 8th will be issued a $0.25 dividend. This is a boost from Schlumberger’s previous quarterly dividend of $0.18. This represents a $1.00 annualized dividend and a yield of 1.80%. The ex-dividend date is Tuesday, February 7th. Schlumberger’s dividend payout ratio is currently 29.17%.

Schlumberger Company Profile

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Schlumberger NV engages in the provision of technology for reservoir characterization, drilling, production and processing to the oil and gas industry. It operates through the following business segments: Digital and Integration, Reservoir Performance, Well Construction, and Production Systems. The Digital and Integration segment combines the company’s software and seismic businesses with its integrated offering of asset performance solutions.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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