Addenda Capital Inc. cut its holdings in shares of Schlumberger Limited. (NYSE:SLB) by 6.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 60,241 shares of the oil and gas company’s stock after selling 4,176 shares during the period. Addenda Capital Inc.’s holdings in Schlumberger were worth $4,092,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Harding Loevner LP grew its position in shares of Schlumberger by 1,337.3% during the third quarter. Harding Loevner LP now owns 138,957,632 shares of the oil and gas company’s stock valued at $569,035,000 after purchasing an additional 129,289,552 shares in the last quarter. First Eagle Investment Management LLC grew its position in shares of 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. Dodge & Cox grew its position in shares of Schlumberger by 12.8% during the second quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock valued at $3,178,193,000 after purchasing an additional 5,494,165 shares in the last quarter. Capital International Investors grew its position in shares of Schlumberger by 74.8% during the third quarter. Capital International Investors now owns 10,031,514 shares of the oil and gas company’s stock valued at $699,798,000 after purchasing an additional 4,294,058 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of 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. 80.69% of the stock is currently owned by institutional investors and hedge funds.
SLB has been the subject of several recent research reports. Jefferies Group set a $78.00 price target on Schlumberger and gave the stock a “buy” rating in a research report on Thursday, January 4th. SunTrust Banks reiterated a “hold” rating on shares of Schlumberger in a research report on Tuesday, October 31st. B. Riley set a $80.00 price target on Schlumberger and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Zacks Investment Research lowered Schlumberger from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Finally, Cowen set a $85.00 price target on Schlumberger and gave the stock a “buy” rating in a research report on Thursday, January 11th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $81.37.
Shares of Schlumberger Limited. (NYSE:SLB) opened at $66.50 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 1.21. Schlumberger Limited. has a 12 month low of $61.02 and a 12 month high of $82.69. The firm has a market cap of $92,120.00, a P/E ratio of -58.33, a PEG ratio of 5.12 and a beta of 0.98.
Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.04. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. The firm had revenue of $8.18 billion during the quarter, compared to the consensus estimate of $8.12 billion. During the same quarter in the previous year, the firm posted $0.27 earnings per share. The company’s revenue was up 15.1% on a year-over-year basis. sell-side analysts expect that Schlumberger Limited. will post 2.16 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Wednesday, February 7th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Tuesday, February 6th. Schlumberger’s dividend payout ratio is presently -175.44%.
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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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