Toronto Dominion Bank grew its holdings in Schlumberger Limited (NYSE:SLB – Get Rating) by 7.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 829,847 shares of the oil and gas company’s stock after acquiring an additional 54,454 shares during the quarter. Toronto Dominion Bank owned 0.06% of Schlumberger worth $24,854,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Equitec Proprietary Markets LLC bought a new position in Schlumberger in the fourth quarter worth $25,000. Old North State Trust LLC lifted its position in Schlumberger by 91.4% in the fourth quarter. Old North State Trust LLC now owns 911 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 435 shares during the period. Kozak & Associates Inc. acquired a new position in Schlumberger during the third quarter worth $30,000. Liberty Wealth Management LLC raised its stake in Schlumberger by 50.4% during the third quarter. Liberty Wealth Management LLC now owns 1,047 shares of the oil and gas company’s stock worth $32,000 after acquiring an additional 351 shares in the last quarter. Finally, Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in Schlumberger during the fourth quarter worth $35,000. 75.52% of the stock is owned by institutional investors.
Several research analysts have issued reports on SLB shares. StockNews.com upgraded Schlumberger from a “hold” rating to a “buy” rating in a research note on Friday, April 1st. Citigroup raised their target price on Schlumberger from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, January 24th. Stifel Nicolaus raised their target price on Schlumberger from $44.00 to $50.00 in a research note on Friday, April 8th. Susquehanna raised their target price on Schlumberger from $41.00 to $43.00 in a research note on Monday, January 24th. Finally, Morgan Stanley lifted their price objective on Schlumberger from $43.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, April 11th. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Schlumberger currently has a consensus rating of “Buy” and an average target price of $44.45.
Schlumberger (NYSE:SLB – Get Rating) last posted its earnings results on Friday, January 21st. The oil and gas company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.09 billion. Schlumberger had a return on equity of 13.32% and a net margin of 8.20%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.22 EPS. As a group, analysts anticipate that Schlumberger Limited will post 1.85 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 7th. Investors of record on Wednesday, February 9th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Tuesday, February 8th. Schlumberger’s payout ratio is presently 37.88%.
In related news, EVP Mogharbel Khaled Al sold 29,366 shares of the business’s stock in a transaction on Tuesday, February 15th. The stock was sold at an average price of $39.64, for a total value of $1,164,068.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Claudia Jaramillo sold 11,628 shares of the company’s stock in a transaction 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. Insiders have sold a total of 105,451 shares of company stock worth $4,190,908 over the last three months. 0.28% of the stock is owned by insiders.
Schlumberger Profile (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.
- Get a free copy of the StockNews.com research report on Schlumberger (SLB)
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