Voya Financial Advisors Inc. lifted its position in shares of Schlumberger Limited. (NYSE:SLB) by 7.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,921 shares of the oil and gas company’s stock after purchasing an additional 727 shares during the quarter. Voya Financial Advisors Inc.’s holdings in Schlumberger were worth $341,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Voya Investment Management LLC lifted its position in shares of Schlumberger by 57.2% during the 3rd quarter. Voya Investment Management LLC now owns 1,258,321 shares of the oil and gas company’s stock worth $42,997,000 after buying an additional 457,879 shares during the period. Ilmarinen Mutual Pension Insurance Co bought a new position in shares of Schlumberger during the 3rd quarter worth approximately $6,287,000. AllSquare Wealth Management LLC bought a new position in shares of Schlumberger during the 3rd quarter worth approximately $37,000. Cetera Advisor Networks LLC lifted its position in shares of Schlumberger by 3.1% during the 3rd quarter. Cetera Advisor Networks LLC now owns 11,703 shares of the oil and gas company’s stock worth $398,000 after buying an additional 350 shares during the period. Finally, Goelzer Investment Management Inc. bought a new position in shares of Schlumberger during the 3rd quarter worth approximately $2,074,000. 76.64% of the stock is currently owned by institutional investors.
SLB has been the subject of several analyst reports. Royal Bank of Canada set a $40.00 target price on Schlumberger and gave the stock a “buy” rating in a research report on Monday, October 21st. Deutsche Bank initiated coverage on Schlumberger in a research report on Wednesday, November 27th. They set a “buy” rating and a $42.00 target price for the company. Barclays set a $47.00 target price on Schlumberger and gave the stock a “buy” rating in a research report on Friday, October 18th. TheStreet downgraded Schlumberger from a “c” rating to a “d+” rating in a research report on Friday, October 18th. Finally, Wells Fargo & Co cut their price objective on Schlumberger from $44.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $44.94.
Shares of SLB opened at $36.20 on Monday. The stock has a fifty day moving average price of $34.77 and a two-hundred day moving average price of $36.04. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.95 and a current ratio of 1.29. Schlumberger Limited. has a 52-week low of $30.65 and a 52-week high of $48.88. The company has a market cap of $50.11 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 3.65 and a beta of 1.56.
Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, October 18th. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.03. The firm had revenue of $8.54 billion during the quarter, compared to the consensus estimate of $8.50 billion. Schlumberger had a positive return on equity of 6.00% and a negative net margin of 30.22%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS. As a group, research analysts predict that Schlumberger Limited. will post 1.46 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.52%. Schlumberger’s payout ratio is currently 123.46%.
Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.
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