Osborn Williams & Donohoe LLC lessened its holdings in shares of Schlumberger Limited. (NYSE:SLB) by 5.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 93,348 shares of the oil and gas company’s stock after selling 5,708 shares during the quarter. Osborn Williams & Donohoe LLC’s holdings in Schlumberger were worth $6,291,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Aviance Capital Management LLC bought a new stake in Schlumberger during the second quarter worth approximately $100,000. Mountain Capital Investment Advisors Inc bought a new stake in Schlumberger during the second quarter worth approximately $107,000. Jacobi Capital Management LLC raised its holdings in Schlumberger by 95.8% during the second quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock worth $134,000 after purchasing an additional 1,000 shares in the last quarter. Atlantic Trust LLC bought a new stake in Schlumberger during the second quarter worth approximately $137,000. Finally, Legacy Advisors LLC bought a new stake in Schlumberger during the third quarter worth approximately $146,000. 78.94% of the stock is currently owned by institutional investors.
Several brokerages recently commented on SLB. Loop Capital reissued a “buy” rating and set a $82.00 target price (up previously from $77.00) on shares of Schlumberger in a report on Monday, January 22nd. Cowen set a $85.00 target price on Schlumberger and gave the stock a “buy” rating in a report on Wednesday, February 14th. Zacks Investment Research cut Schlumberger from a “hold” rating to a “sell” rating in a report on Monday, February 12th. Susquehanna Bancshares set a $88.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research report on Monday, January 22nd. Finally, ValuEngine lowered shares of Schlumberger from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $81.59.
In other Schlumberger news, insider Howard Guild sold 25,000 shares of Schlumberger stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $78.26, for a total transaction of $1,956,500.00. Following the completion of the sale, the insider now owns 22,410 shares of the company’s stock, valued at approximately $1,753,806.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Simon Ayat sold 75,000 shares of Schlumberger stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $78.86, for a total transaction of $5,914,500.00. Following the sale, the chief financial officer now directly owns 138,827 shares of the company’s stock, valued at approximately $10,947,897.22. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.
Schlumberger Limited. (NYSE:SLB) opened at $66.63 on Wednesday. Schlumberger Limited. has a 52-week low of $61.02 and a 52-week high of $80.89. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 1.21. The firm has a market cap of $92,300.00, a P/E ratio of -58.45, a price-to-earnings-growth ratio of 5.05 and a beta of 1.03.
Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.04. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. The firm had revenue of $8.18 billion for the quarter, compared to analysts’ expectations of $8.12 billion. During the same period in the previous year, the company posted $0.27 EPS. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. equities analysts anticipate that Schlumberger Limited. will post 2.16 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Wednesday, February 7th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.00%. The ex-dividend date is Tuesday, February 6th. Schlumberger’s payout ratio is -175.44%.
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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