Intact Investment Management Inc. boosted its position in Schlumberger Limited. (NYSE:SLB) by 62.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,150 shares of the company’s stock after buying an additional 4,300 shares during the period. Intact Investment Management Inc.’s holdings in Schlumberger Limited. were worth $936,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its position in Schlumberger Limited. by 4.0% in the fourth quarter. State Street Corp now owns 71,630,356 shares of the company’s stock worth $6,015,125,000 after buying an additional 2,755,140 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Schlumberger Limited. by 0.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 36,026,336 shares of the company’s stock worth $2,833,111,000 after buying an additional 118,380 shares in the last quarter. BlackRock Fund Advisors boosted its position in Schlumberger Limited. by 2.7% in the third quarter. BlackRock Fund Advisors now owns 20,014,573 shares of the company’s stock worth $1,573,946,000 after buying an additional 535,156 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Schlumberger Limited. by 7.5% in the third quarter. Ameriprise Financial Inc. now owns 9,181,556 shares of the company’s stock worth $722,382,000 after buying an additional 642,178 shares in the last quarter. Finally, State Farm Mutual Automobile Insurance Co. boosted its position in Schlumberger Limited. by 1.8% in the third quarter. State Farm Mutual Automobile Insurance Co. now owns 7,037,969 shares of the company’s stock worth $553,466,000 after buying an additional 122,830 shares in the last quarter. 78.66% of the stock is owned by hedge funds and other institutional investors.
Shares of Schlumberger Limited. (NYSE:SLB) opened at 77.02 on Tuesday. The firm’s 50-day moving average is $80.05 and its 200 day moving average is $81.36. Schlumberger Limited. has a 52-week low of $71.34 and a 52-week high of $87.84. The stock’s market cap is $107.17 billion.
Schlumberger Limited. (NYSE:SLB) last announced its earnings results on Friday, January 20th. The company reported $0.27 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. The company earned $7.11 billion during the quarter. Schlumberger Limited. had a negative net margin of 6.07% and a positive return on equity of 3.81%. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same period last year, the business earned $0.65 EPS. Analysts forecast that Schlumberger Limited. will post $1.80 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Wednesday, February 15th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.60%. The ex-dividend date is Monday, February 13th. Schlumberger Limited.’s dividend payout ratio (DPR) is presently -169.49%.
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A number of equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Schlumberger Limited. from a “hold” rating to a “sell” rating in a report on Wednesday, January 25th. Stephens reiterated an “overweight” rating and set a $89.00 price objective on shares of Schlumberger Limited. in a report on Monday. Jefferies Group LLC upgraded shares of Schlumberger Limited. from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a report on Thursday, December 1st. Deutsche Bank AG set a $101.00 price objective on shares of Schlumberger Limited. and gave the company a “buy” rating in a report on Monday, January 23rd. Finally, SunTrust Banks, Inc. assumed coverage on shares of Schlumberger Limited. in a report on Wednesday, January 18th. They set a “hold” rating and a $92.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. Schlumberger Limited. presently has a consensus rating of “Buy” and an average price target of $95.95.
In other Schlumberger Limited. news, Director Tore I. Sandvold sold 5,000 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $81.54, for a total transaction of $407,700.00. Following the completion of the transaction, the director now owns 7,750 shares of the company’s stock, valued at $631,935. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.36% of the company’s stock.
Schlumberger Limited. Company Profile
Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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