Skba Capital Management LLC Takes Position in Schlumberger Limited (NYSE:SLB)

Skba Capital Management LLC purchased a new position in shares of Schlumberger Limited (NYSE:SLBFree Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,490 shares of the oil and gas company’s stock, valued at approximately $203,000.

Other large investors have also recently bought and sold shares of the company. Cyrus J. Lawrence LLC grew its holdings in shares of Schlumberger by 0.7% during the 3rd quarter. Cyrus J. Lawrence LLC now owns 137,087 shares of the oil and gas company’s stock worth $7,992,000 after purchasing an additional 975 shares in the last quarter. WBI Investments Inc. bought a new stake in Schlumberger in the 3rd quarter valued at $674,000. Sanders Capital LLC raised its stake in shares of Schlumberger by 34.9% in the 3rd quarter. Sanders Capital LLC now owns 8,056,492 shares of the oil and gas company’s stock valued at $469,693,000 after buying an additional 2,085,506 shares in the last quarter. Greenleaf Trust lifted its holdings in shares of Schlumberger by 7.1% during the 3rd quarter. Greenleaf Trust now owns 33,647 shares of the oil and gas company’s stock worth $1,962,000 after acquiring an additional 2,231 shares during the period. Finally, Boston Financial Mangement LLC bought a new stake in Schlumberger in the third quarter valued at about $214,000. 79.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Susquehanna increased their target price on Schlumberger from $72.00 to $77.00 and gave the stock a “positive” rating in a report on Monday, January 22nd. Royal Bank of Canada restated an “outperform” rating and issued a $66.00 target price on shares of Schlumberger in a research note on Thursday. Wells Fargo & Company boosted their price target on shares of Schlumberger from $69.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Raymond James raised their price target on Schlumberger from $68.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, October 23rd. Finally, Barclays reduced their price objective on Schlumberger from $77.00 to $74.00 and set an “overweight” rating on the stock in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Schlumberger currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.67.

Read Our Latest Research Report on SLB

Schlumberger Stock Up 2.2 %

Shares of SLB traded up $1.03 during midday trading on Monday, hitting $48.11. The stock had a trading volume of 1,767,900 shares, compared to its average volume of 14,499,414. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.32 and a quick ratio of 1.00. The firm has a market cap of $68.67 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 0.84 and a beta of 1.61. The company has a 50 day simple moving average of $50.51 and a two-hundred day simple moving average of $54.94. Schlumberger Limited has a twelve month low of $42.73 and a twelve month high of $62.12.

Schlumberger (NYSE:SLBGet Free Report) last released its earnings results on Friday, January 19th. The oil and gas company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.02. Schlumberger had a return on equity of 21.97% and a net margin of 12.68%. The business had revenue of $8.99 billion for the quarter, compared to analyst estimates of $8.96 billion. During the same quarter in the prior year, the company posted $0.71 earnings per share. Schlumberger’s revenue was up 14.1% on a year-over-year basis. On average, analysts anticipate that Schlumberger Limited will post 3.54 EPS for the current year.

Schlumberger Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Wednesday, February 7th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 2.08%. Schlumberger’s dividend payout ratio is currently 34.25%.

Insider Activity

In other Schlumberger news, CAO Howard Guild sold 22,853 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $51.66, for a total value of $1,180,585.98. Following the transaction, the chief accounting officer now directly owns 22,181 shares of the company’s stock, valued at approximately $1,145,870.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Schlumberger news, CAO Howard Guild sold 22,853 shares of Schlumberger stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $51.66, for a total value of $1,180,585.98. Following the completion of the sale, the chief accounting officer now owns 22,181 shares in the company, valued at approximately $1,145,870.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stephane Biguet sold 6,250 shares of Schlumberger stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $52.44, for a total transaction of $327,750.00. Following the completion of the sale, the chief financial officer now owns 169,765 shares of the company’s stock, valued at $8,902,476.60. The disclosure for this sale can be found here. Insiders have sold 135,116 shares of company stock valued at $6,923,671 over the last ninety days. 0.23% of the stock is currently owned by company insiders.

Schlumberger Company Profile

(Free Report)

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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