ING Groep NV Has $6.08 Million Position in Schlumberger (SLB)

ING Groep NV trimmed its position in Schlumberger (NYSE:SLB) by 4.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,146 shares of the oil and gas company’s stock after selling 4,226 shares during the quarter. ING Groep NV’s holdings in Schlumberger were worth $6,075,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SLB. Aviance Capital Management LLC purchased a new stake in Schlumberger in the 2nd quarter worth approximately $100,000. FNY Partners Fund LP purchased a new stake in Schlumberger in the 4th quarter worth approximately $101,000. Mountain Capital Investment Advisors Inc purchased a new stake in Schlumberger in the 2nd quarter worth approximately $107,000. Atlantic Trust LLC purchased a new stake in Schlumberger in the 2nd quarter worth approximately $137,000. Finally, Legacy Advisors LLC purchased a new stake in Schlumberger in the 3rd quarter worth approximately $146,000. 79.90% of the stock is owned by institutional investors.

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SLB has been the subject of several analyst reports. ValuEngine lowered shares of Schlumberger from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Jefferies Group set a $78.00 price target on Schlumberger and gave the stock a “buy” rating in a research note on Thursday, January 4th. Credit Suisse Group set a $86.00 price target on Schlumberger and gave the stock a “buy” rating in a research note on Wednesday, March 14th. B. Riley set a $80.00 price target on Schlumberger and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Finally, SunTrust Banks upped their price target on Schlumberger from $72.00 to $80.00 and gave the stock a “hold” rating in a research note on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $81.23.

In related news, 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 sale, the insider now directly owns 22,410 shares in the company, valued at $1,753,806.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Mogharbel Khaled Al purchased 3,000 shares of the stock in a transaction that occurred on Wednesday, March 28th. The stock was bought at an average price of $64.30 per share, with a total value of $192,900.00. Following the completion of the transaction, the insider now owns 30,482 shares of the company’s stock, valued at $1,959,992.60. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 18,000 shares of company stock valued at $1,163,650. 0.48% of the stock is owned by corporate insiders.

NYSE SLB opened at $65.77 on Friday. 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 company has a market cap of $89,665.02, a PE ratio of 43.85, a PEG ratio of 5.07 and a beta of 1.05. Schlumberger has a one year low of $61.02 and a one year high of $80.89.

Schlumberger (NYSE:SLB) last posted its earnings results on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. The firm had revenue of $8.18 billion during the quarter, compared to the consensus estimate of $8.12 billion. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS. sell-side analysts expect that Schlumberger will post 2.13 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Wednesday, February 7th will be given a $0.50 dividend. The ex-dividend date is Tuesday, February 6th. This represents a $2.00 dividend on an annualized basis and a yield of 3.04%. Schlumberger’s dividend payout ratio is presently 133.33%.

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Schlumberger Profile

Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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