3,400 Shares in Schlumberger Limited. (SLB) Acquired by Smith Shellnut Wilson LLC ADV

Smith Shellnut Wilson LLC ADV acquired a new stake in Schlumberger Limited. (NYSE:SLB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,400 shares of the company’s stock, valued at approximately $285,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SLB. First Eagle Investment Management LLC boosted its position in shares of Schlumberger Limited. by 508,950.1% in the third quarter. First Eagle Investment Management LLC now owns 4,581,451 shares of the company’s stock valued at $360,285,000 after buying an additional 4,580,551 shares during the period. State Street Corp boosted its position in shares of Schlumberger Limited. by 4.0% in the fourth quarter. State Street Corp now owns 71,630,356 shares of the company’s stock valued at $6,015,125,000 after buying an additional 2,755,140 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Schlumberger Limited. during the fourth quarter valued at approximately $208,252,000. Asset Management One Co. Ltd. boosted its position in shares of Schlumberger Limited. by 1,231.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,591,964 shares of the company’s stock valued at $217,654,000 after buying an additional 2,397,334 shares during the period. Finally, Cambiar Investors LLC boosted its position in shares of Schlumberger Limited. by 47.8% in the third quarter. Cambiar Investors LLC now owns 3,200,430 shares of the company’s stock valued at $251,682,000 after buying an additional 1,035,396 shares during the period. 78.66% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Schlumberger Limited. (NYSE:SLB)

Shares of Schlumberger Limited. (NYSE:SLB) opened at 78.92 on Tuesday. Schlumberger Limited. has a 12 month low of $71.34 and a 12 month high of $87.84. The firm’s market cap is $109.82 billion. The company’s 50-day moving average price is $80.97 and its 200-day moving average price is $81.41.

Schlumberger Limited. (NYSE:SLB) last announced its earnings results on Friday, January 20th. The company reported $0.27 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.27. Schlumberger Limited. had a positive return on equity of 3.81% and a negative net margin of 6.07%. The firm had revenue of $7.11 billion for the quarter. During the same quarter in the previous year, the firm earned $0.65 EPS. Schlumberger Limited.’s quarterly revenue was down 8.2% on a year-over-year basis. On average, analysts predict that Schlumberger Limited. will post $1.80 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Wednesday, February 15th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, February 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.53%. Schlumberger Limited.’s payout ratio is presently -169.49%.

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Several brokerages recently commented on SLB. Jefferies Group LLC raised Schlumberger Limited. from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research report on Thursday, December 1st. Vetr raised Schlumberger Limited. from a “buy” rating to a “strong-buy” rating and set a $95.37 price target for the company in a research report on Wednesday, December 28th. Stephens cut Schlumberger Limited. from an “overweight” rating to an “equal weight” rating in a research report on Monday, January 23rd. SunTrust Banks, Inc. began coverage on Schlumberger Limited. in a research report on Wednesday, January 18th. They set a “hold” rating and a $92.00 price target for the company. Finally, Zacks Investment Research cut Schlumberger Limited. from a “hold” rating to a “sell” rating in a research report on Wednesday, January 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $96.04.

In other news, EVP Ashok Belani sold 46,577 shares of the business’s stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $85.50, for a total value of $3,982,333.50. Following the transaction, the executive vice president now owns 125,642 shares in the company, valued at approximately $10,742,391. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Tore I. Sandvold sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $81.54, for a total value of $407,700.00. Following the completion of the transaction, the director now owns 7,750 shares in the company, valued at approximately $631,935. The disclosure for this sale can be found here. 0.36% of the stock is owned by insiders.

Schlumberger Limited. Company Profile

Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.

5 Day Chart for NYSE:SLB

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