Greylin Investment Mangement Inc. purchased a new stake in Schlumberger Limited. (NYSE:SLB) in the 4th quarter, HoldingsChannel reports. The fund purchased 72,910 shares of the oil and gas company’s stock, valued at approximately $4,913,000. Schlumberger comprises approximately 1.1% of Greylin Investment Mangement Inc.’s investment portfolio, making the stock its 18th largest holding.
A number of other institutional investors have also recently bought and sold shares of SLB. Harding Loevner LP raised its holdings in shares of Schlumberger by 1,337.3% in the 3rd quarter. Harding Loevner LP now owns 138,957,632 shares of the oil and gas company’s stock worth $569,035,000 after buying an additional 129,289,552 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Schlumberger by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock worth $6,519,670,000 after buying an additional 2,790,227 shares in the last quarter. Dodge & Cox raised its holdings in shares of Schlumberger by 12.8% in the 2nd quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock worth $3,178,193,000 after buying an additional 5,494,165 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Schlumberger by 2.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 25,620,279 shares of the oil and gas company’s stock worth $1,787,272,000 after buying an additional 548,250 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Schlumberger by 2.9% in the 2nd quarter. Northern Trust Corp now owns 18,762,468 shares of the oil and gas company’s stock worth $1,235,321,000 after buying an additional 536,928 shares in the last quarter. 80.69% of the stock is owned by hedge funds and other institutional investors.
In other news, CFO Simon Ayat sold 75,000 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $78.86, for a total value of $5,914,500.00. Following the transaction, the chief financial officer now directly owns 138,827 shares in the company, valued at approximately $10,947,897.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Howard Guild sold 25,000 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $78.26, for a total value of $1,956,500.00. Following the completion of the transaction, the insider now owns 22,410 shares in the company, valued at $1,753,806.60. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by company insiders.
Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.04. The firm had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.12 billion. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the company earned $0.27 EPS. equities research analysts predict that Schlumberger Limited. will post 2.16 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Wednesday, February 7th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $2.00 dividend on an annualized basis and a yield of 2.99%. Schlumberger’s payout ratio is -175.44%.
A number of equities analysts have recently issued reports on the company. Bank of America raised Schlumberger from a “neutral” rating to a “buy” rating and increased their target price for the stock from $66.50 to $75.00 in a report on Monday. Zacks Investment Research raised Schlumberger from a “sell” rating to a “hold” rating in a report on Monday. SunTrust Banks reissued a “hold” rating on shares of Schlumberger in a report on Tuesday, October 31st. Susquehanna Bancshares set a $88.00 target price on Schlumberger and gave the stock a “buy” rating in a report on Monday, January 22nd. Finally, Cowen set a $85.00 target price on Schlumberger and gave the stock a “buy” rating in a report on Wednesday, February 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Schlumberger presently has an average rating of “Buy” and an average target price of $81.59.
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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