Schlumberger Limited (NYSE:SLB) Shares Bought by Pathstone Holdings LLC

Pathstone Holdings LLC raised its holdings in shares of Schlumberger Limited (NYSE:SLB) by 3.6% during the third quarter, HoldingsChannel.com reports. The firm owned 148,635 shares of the oil and gas company’s stock after buying an additional 5,105 shares during the period. Pathstone Holdings LLC’s holdings in Schlumberger were worth $6,240,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Islay Capital Management LLC raised its stake in Schlumberger by 4,952.4% in the third quarter. Islay Capital Management LLC now owns 26,525 shares of the oil and gas company’s stock valued at $1,113,000 after buying an additional 26,000 shares during the last quarter. Swiss National Bank raised its position in shares of Schlumberger by 0.7% in the 3rd quarter. Swiss National Bank now owns 4,242,627 shares of the oil and gas company’s stock valued at $177,978,000 after purchasing an additional 29,200 shares during the last quarter. S&CO Inc. boosted its stake in Schlumberger by 51.7% in the 3rd quarter. S&CO Inc. now owns 6,750 shares of the oil and gas company’s stock worth $283,000 after purchasing an additional 2,300 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Schlumberger by 2.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 225,906 shares of the oil and gas company’s stock valued at $9,476,000 after purchasing an additional 4,665 shares in the last quarter. Finally, AM Squared Ltd raised its holdings in shares of Schlumberger by 16.3% in the third quarter. AM Squared Ltd now owns 5,000 shares of the oil and gas company’s stock worth $210,000 after buying an additional 700 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Activity at Schlumberger

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $41.90, for a total transaction of $2,514,000.00. Following the completion of the transaction, the executive vice president now owns 211,937 shares of the company’s stock, valued at $8,880,160.30. This represents a 22.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Schlumberger Stock Up 0.4 %

Shares of SLB opened at $44.23 on Friday. The firm has a market cap of $62.46 billion, a P/E ratio of 14.22, a PEG ratio of 1.52 and a beta of 1.52. Schlumberger Limited has a 12 month low of $38.66 and a 12 month high of $55.69. The stock’s 50 day moving average is $42.78 and its two-hundred day moving average is $44.58. The company has a current ratio of 1.48, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52.

Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, October 18th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. The firm had revenue of $9.16 billion for the quarter, compared to analysts’ expectations of $9.27 billion. Schlumberger had a net margin of 12.44% and a return on equity of 21.84%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 EPS. Analysts predict that Schlumberger Limited will post 3.4 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 4th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.10 annualized dividend and a dividend yield of 2.49%. Schlumberger’s dividend payout ratio (DPR) is presently 35.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus reissued a “buy” rating and set a $60.00 price objective (down from $62.00) on shares of Schlumberger in a report on Monday, October 21st. Wells Fargo & Company cut their price objective on Schlumberger from $53.00 to $49.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 25th. Evercore ISI decreased their target price on Schlumberger from $74.00 to $62.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Barclays dropped their target price on Schlumberger from $67.00 to $63.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Schlumberger from $64.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.97.

Schlumberger Company Profile

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, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.