PNC Financial Services Group Inc. lowered its stake in Schlumberger Limited. (NYSE:SLB) by 19.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,410,770 shares of the oil and gas company’s stock after selling 574,886 shares during the period. PNC Financial Services Group Inc. owned 0.17% of Schlumberger worth $158,723,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp increased its stake in shares of Schlumberger by 1.1% in the first quarter. State Street Corp now owns 72,400,230 shares of the oil and gas company’s stock worth $5,655,994,000 after acquiring an additional 769,874 shares during the period. Bank of New York Mellon Corp lifted its holdings in Schlumberger by 1.8% during the first quarter. Bank of New York Mellon Corp now owns 26,666,760 shares of the oil and gas company’s stock valued at $2,082,673,000 after purchasing an additional 477,006 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in Schlumberger by 103.9% during the second quarter. First Eagle Investment Management LLC now owns 16,025,764 shares of the oil and gas company’s stock valued at $1,055,136,000 after purchasing an additional 8,167,945 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in Schlumberger by 5.7% during the first quarter. Clearbridge Investments LLC now owns 12,214,777 shares of the oil and gas company’s stock valued at $953,974,000 after purchasing an additional 655,694 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Schlumberger by 33.5% during the second quarter. American Century Companies Inc. now owns 11,117,713 shares of the oil and gas company’s stock valued at $731,990,000 after purchasing an additional 2,791,675 shares in the last quarter. 79.77% of the stock is owned by institutional investors and hedge funds.
In other Schlumberger news, Director Tore I. Sandvold sold 3,500 shares of Schlumberger stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total transaction of $219,205.00. Following the completion of the sale, the director now directly owns 1,500 shares in the company, valued at $93,945. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.38% of the stock is owned by company insiders.
Shares of Schlumberger Limited. (SLB) traded down $1.38 during mid-day trading on Thursday, reaching $62.07. 9,299,300 shares of the company’s stock were exchanged, compared to its average volume of 7,106,954. The company has a quick ratio of 1.20, a current ratio of 1.53 and a debt-to-equity ratio of 0.40. Schlumberger Limited. has a one year low of $61.02 and a one year high of $87.84. The stock has a market capitalization of $87,894.88, a P/E ratio of 49.19, a PEG ratio of 1.94 and a beta of 1.01.
Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. Schlumberger had a net margin of 1.86% and a return on equity of 4.42%. The business had revenue of $7.91 billion during the quarter, compared to analysts’ expectations of $7.91 billion. During the same period last year, the business earned $0.25 earnings per share. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. analysts anticipate that Schlumberger Limited. will post 1.47 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Wednesday, December 6th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Tuesday, December 5th. Schlumberger’s dividend payout ratio is presently 512.83%.
Schlumberger 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.
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