Schlumberger Limited (NYSE:SLB) Shares Bought by Viking Fund Management LLC

Viking Fund Management LLC lifted its holdings in Schlumberger Limited (NYSE:SLB) by 33.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 80,000 shares of the oil and gas company’s stock after buying an additional 20,000 shares during the quarter. Viking Fund Management LLC’s holdings in Schlumberger were worth $3,356,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Capital World Investors increased its stake in shares of Schlumberger by 72.3% in the first quarter. Capital World Investors now owns 88,950,956 shares of the oil and gas company’s stock valued at $4,875,402,000 after purchasing an additional 37,333,485 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Schlumberger by 14.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 85,986,039 shares of the oil and gas company’s stock worth $4,712,897,000 after acquiring an additional 10,606,191 shares in the last quarter. Boston Partners increased its stake in Schlumberger by 35.8% in the 1st quarter. Boston Partners now owns 11,640,827 shares of the oil and gas company’s stock worth $635,883,000 after purchasing an additional 3,069,395 shares in the last quarter. Ceredex Value Advisors LLC purchased a new position in shares of Schlumberger in the second quarter worth approximately $92,944,000. Finally, 1832 Asset Management L.P. acquired a new stake in shares of Schlumberger during the second quarter valued at approximately $91,364,000. Institutional investors own 81.99% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on SLB. Susquehanna decreased their price objective on shares of Schlumberger from $70.00 to $60.00 and set a “positive” rating for the company in a research note on Friday. Citigroup lowered their price target on shares of Schlumberger from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, June 28th. Barclays cut their price objective on Schlumberger from $70.00 to $67.00 and set an “overweight” rating for the company in a report on Tuesday, July 23rd. Evercore ISI boosted their price target on Schlumberger from $73.00 to $74.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Finally, Wells Fargo & Company reduced their price objective on shares of Schlumberger from $53.00 to $49.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 25th. Two research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $63.42.

Insider Transactions at Schlumberger

In other Schlumberger news, EVP Mogharbel Khaled Al sold 120,668 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $50.19, for a total value of $6,056,326.92. Following the completion of the transaction, the executive vice president now directly owns 247,699 shares of the company’s stock, valued at approximately $12,432,012.81. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Schlumberger news, EVP Mogharbel Khaled Al sold 120,668 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $50.19, for a total transaction of $6,056,326.92. Following the sale, the executive vice president now directly owns 247,699 shares in the company, valued at approximately $12,432,012.81. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Stephane Biguet sold 50,048 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $49.94, for a total transaction of $2,499,397.12. Following the completion of the transaction, the chief financial officer now owns 203,076 shares of the company’s stock, valued at $10,141,615.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 180,716 shares of company stock valued at $9,048,624 over the last three months. 0.26% of the stock is currently owned by corporate insiders.

Schlumberger Trading Up 0.4 %

Schlumberger stock traded up $0.18 during trading hours on Friday, reaching $44.78. 8,892,291 shares of the company’s stock traded hands, compared to its average volume of 14,753,282. The firm has a market capitalization of $63.58 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 0.96 and a beta of 1.51. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.13 and a current ratio of 1.49. Schlumberger Limited has a fifty-two week low of $38.66 and a fifty-two week high of $61.20. The firm’s 50 day moving average is $43.10 and its 200-day moving average is $46.42.

Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, July 19th. The oil and gas company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The business had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $9.08 billion. Schlumberger had a return on equity of 21.92% and a net margin of 12.56%. The firm’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.72 earnings per share. On average, analysts predict that Schlumberger Limited will post 3.47 earnings per share for the current year.

Schlumberger Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Wednesday, September 4th were issued a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $1.10 annualized dividend and a yield of 2.46%. Schlumberger’s dividend payout ratio (DPR) is presently 35.95%.

Schlumberger 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.