Tributary Capital Management LLC reduced its position in Schlumberger Limited. (NYSE:SLB) by 10.7% in the 4th quarter, HoldingsChannel reports. The firm owned 7,925 shares of the oil and gas company’s stock after selling 950 shares during the period. Tributary Capital Management LLC’s holdings in Schlumberger were worth $534,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in SLB. Harding Loevner LP increased its position in 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 worth $569,035,000 after buying an additional 129,289,552 shares in the last quarter. Dodge & Cox grew its position in shares of Schlumberger by 12.8% in 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 during the period. Capital International Investors grew its position in shares of Schlumberger by 74.8% in 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 during the period. Vanguard Group Inc. grew its position in shares of Schlumberger by 2.9% in the second quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock valued at $6,519,670,000 after purchasing an additional 2,790,227 shares during the period. Finally, Capital Research Global Investors grew its position in shares of Schlumberger by 13.8% in the second quarter. Capital Research Global Investors now owns 16,460,016 shares of the oil and gas company’s stock valued at $1,083,727,000 after purchasing an additional 1,993,829 shares during the period. 78.94% of the stock is owned by institutional investors.
A number of brokerages have recently commented on SLB. Piper Jaffray Companies lifted their price objective on Schlumberger from $74.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, January 19th. ValuEngine downgraded Schlumberger from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Barclays set a $75.00 price objective on Schlumberger and gave the company a “hold” rating in a research report on Tuesday, January 23rd. Cowen set a $85.00 price objective on Schlumberger and gave the company a “buy” rating in a research report on Wednesday, February 14th. Finally, Zacks Investment Research downgraded Schlumberger from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $81.59.
Schlumberger Limited. (NYSE SLB) opened at $68.78 on Monday. Schlumberger Limited. has a fifty-two week low of $61.02 and a fifty-two week high of $80.89. The firm has a market capitalization of $95,280.00, a price-to-earnings ratio of -60.33, a P/E/G ratio of 5.30 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.95.
Schlumberger (NYSE:SLB) last issued its earnings results on Friday, January 19th. The oil and gas company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.04. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The firm had revenue of $8.18 billion for the quarter, compared to analysts’ expectations of $8.12 billion. During the same quarter last year, the firm earned $0.27 earnings per share. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. equities analysts forecast that Schlumberger Limited. will post 2.16 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Wednesday, February 7th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Tuesday, February 6th. Schlumberger’s payout ratio is currently -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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