Engineers Gate Manager LP Invests $1.33 Million in Schlumberger Limited. (SLB) Stock

Engineers Gate Manager LP bought a new stake in Schlumberger Limited. (NYSE:SLB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,792 shares of the oil and gas company’s stock, valued at approximately $1,334,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Frontier Wealth Management LLC grew its stake in Schlumberger by 0.4% during the second quarter. Frontier Wealth Management LLC now owns 8,229 shares of the oil and gas company’s stock worth $542,000 after buying an additional 35 shares during the last quarter. Choate Investment Advisors grew its stake in Schlumberger by 0.4% during the second quarter. Choate Investment Advisors now owns 14,516 shares of the oil and gas company’s stock worth $956,000 after buying an additional 60 shares during the last quarter. Bienville Capital Management LLC grew its stake in Schlumberger by 2.7% during the second quarter. Bienville Capital Management LLC now owns 4,004 shares of the oil and gas company’s stock worth $266,000 after buying an additional 105 shares during the last quarter. EagleClaw Capital Managment LLC grew its stake in shares of Schlumberger by 0.5% during the second quarter. EagleClaw Capital Managment LLC now owns 23,475 shares of the oil and gas company’s stock valued at $1,545,000 after purchasing an additional 125 shares during the last quarter. Finally, Coastline Trust Co grew its stake in shares of Schlumberger by 0.7% during the second quarter. Coastline Trust Co now owns 18,902 shares of the oil and gas company’s stock valued at $1,245,000 after purchasing an additional 139 shares during the last quarter. 79.88% of the stock is currently owned by institutional investors and hedge funds.

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Schlumberger Limited. (SLB) opened at $64.14 on Monday. The company has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 0.40. The firm has a market cap of $88,765.46, a P/E ratio of -58.84, a P/E/G ratio of 4.94 and a beta of 1.03. Schlumberger Limited. has a twelve month low of $61.02 and a twelve month high of $80.89.

Schlumberger (NYSE:SLB) last posted its earnings results on Friday, January 19th. The oil and gas company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.04. The company had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.12 billion. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period last year, the business posted $0.27 earnings per share. equities analysts predict that Schlumberger Limited. will post 2.15 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Wednesday, February 7th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, February 6th. This represents a $2.00 annualized dividend and a yield of 3.12%. Schlumberger’s dividend payout ratio (DPR) is presently -183.49%.

Several analysts have recently commented on the stock. Cowen reissued a “buy” rating and set a $81.00 price target on shares of Schlumberger in a research note on Thursday, March 15th. Barclays set a $70.00 price target on shares of Schlumberger and gave the company a “hold” rating in a research note on Saturday. ValuEngine cut shares of Schlumberger from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Susquehanna Bancshares set a $88.00 price target on shares of Schlumberger and gave the company a “buy” rating in a research note on Monday, January 22nd. Finally, UBS set a $95.00 price target on shares of Schlumberger and gave the company a “buy” rating in a research note on Monday, January 22nd. Two 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 issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $81.26.

In other Schlumberger news, CFO Simon Ayat sold 75,000 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $78.86, for a total value of $5,914,500.00. Following the sale, the chief financial officer now directly owns 138,827 shares in the company, valued at $10,947,897.22. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Howard Guild sold 25,000 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $78.26, for a total transaction of $1,956,500.00. Following the completion of the sale, 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. Company insiders own 0.48% of the company’s stock.

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

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