Atria Investments LLC boosted its stake in shares of Schlumberger Limited (NYSE:SLB – Get Rating) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,172 shares of the oil and gas company’s stock after buying an additional 4,196 shares during the period. Atria Investments LLC’s holdings in Schlumberger were worth $3,449,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Illinois Municipal Retirement Fund bought a new stake in shares of Schlumberger in the 3rd quarter worth $255,000. Signaturefd LLC raised its stake in shares of Schlumberger by 10.0% in the third quarter. Signaturefd LLC now owns 15,033 shares of the oil and gas company’s stock worth $446,000 after purchasing an additional 1,368 shares during the last quarter. Vontobel Holding Ltd. raised its stake in shares of Schlumberger by 55.6% in the third quarter. Vontobel Holding Ltd. now owns 133,252 shares of the oil and gas company’s stock worth $3,950,000 after purchasing an additional 47,602 shares during the last quarter. Busey Wealth Management raised its stake in shares of Schlumberger by 25.2% in the third quarter. Busey Wealth Management now owns 185,742 shares of the oil and gas company’s stock worth $5,505,000 after purchasing an additional 37,439 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of Schlumberger by 37.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,540 shares of the oil and gas company’s stock worth $105,000 after purchasing an additional 967 shares during the last quarter. 75.52% of the stock is owned by institutional investors.
In other Schlumberger news, CAO Howard Guild sold 25,500 shares of the company’s stock in a transaction that occurred on Wednesday, January 26th. The stock was sold at an average price of $39.02, for a total transaction of $995,010.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Claudia Jaramillo sold 11,628 shares of the company’s stock in a transaction that occurred on Wednesday, March 30th. The shares were sold at an average price of $43.00, for a total value of $500,004.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 105,451 shares of company stock valued at $4,190,908. 0.28% of the stock is owned by corporate insiders.
Schlumberger (NYSE:SLB – Get Rating) last announced its quarterly earnings results on Friday, January 21st. The oil and gas company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Schlumberger had a return on equity of 13.32% and a net margin of 8.20%. The company had revenue of $6.23 billion during the quarter, compared to analyst estimates of $6.09 billion. During the same period in the prior year, the company earned $0.22 earnings per share. The firm’s revenue was up 12.5% on a year-over-year basis. Research analysts expect that Schlumberger Limited will post 1.85 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 7th. Investors of record on Wednesday, February 9th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Tuesday, February 8th. Schlumberger’s payout ratio is presently 37.88%.
Several research firms have recently weighed in on SLB. Stifel Nicolaus boosted their price target on Schlumberger from $44.00 to $50.00 in a research note on Friday, April 8th. Zacks Investment Research cut Schlumberger from a “buy” rating to a “hold” rating and set a $44.00 price target for the company. in a research note on Tuesday, March 15th. Exane BNP Paribas upgraded Schlumberger from a “neutral” rating to an “outperform” rating and set a $45.00 price objective for the company in a research report on Wednesday, January 26th. Citigroup upped their price objective on Schlumberger from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, January 24th. Finally, Morgan Stanley upped their price objective on Schlumberger from $43.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, April 11th. Three investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $44.45.
About Schlumberger (Get Rating)
Schlumberger Limited provides technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. It offers software, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; petro technical data services and training solutions; reservoir interpretation and data processing services; asset performance solutions; open and cased-hole services; exploration and production pressure and flow-rate measurement services; pressure pumping, well stimulation, and coiled tubing equipment for downhole mechanical well intervention, reservoir monitoring, and downhole data acquisition; and integrated production systems.
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