Schlumberger Limited (NYSE:SLB) Shares Purchased by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise raised its stake in Schlumberger Limited (NYSE:SLB) by 6.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 115,450 shares of the oil and gas company’s stock after purchasing an additional 6,853 shares during the period. Banque Cantonale Vaudoise’s holdings in Schlumberger were worth $4,843,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fifth Third Wealth Advisors LLC raised its stake in Schlumberger by 5.0% during the third quarter. Fifth Third Wealth Advisors LLC now owns 23,500 shares of the oil and gas company’s stock worth $986,000 after acquiring an additional 1,125 shares during the period. Prospera Financial Services Inc raised its stake in shares of Schlumberger by 1.9% during the third quarter. Prospera Financial Services Inc now owns 31,811 shares of the oil and gas company’s stock valued at $1,335,000 after purchasing an additional 594 shares in the last quarter. Knuff & Co LLC raised its position in shares of Schlumberger by 10.6% during the 3rd quarter. Knuff & Co LLC now owns 9,810 shares of the oil and gas company’s stock worth $412,000 after buying an additional 940 shares in the last quarter. Pathstone Holdings LLC lifted its position in Schlumberger by 3.6% in the third quarter. Pathstone Holdings LLC now owns 148,635 shares of the oil and gas company’s stock worth $6,240,000 after purchasing an additional 5,105 shares during the period. Finally, Islay Capital Management LLC lifted its holdings in shares of 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 period. 81.99% of the stock is owned by institutional investors.

Insider Transactions at Schlumberger

In related news, EVP Abdellah Merad sold 60,000 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $41.90, for a total transaction of $2,514,000.00. Following the transaction, the executive vice president now owns 211,937 shares in the company, valued at $8,880,160.30. This represents a 22.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SLB. Royal Bank of Canada restated an “outperform” rating and set a $69.00 target price on shares of Schlumberger in a report on Thursday, October 3rd. Dbs Bank began coverage on shares of Schlumberger in a research report on Wednesday, September 18th. They set a “buy” rating and a $64.50 price objective on the stock. Wells Fargo & Company dropped their target price on Schlumberger from $53.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 25th. Susquehanna cut their price target on shares of Schlumberger from $60.00 to $56.00 and set a “positive” rating on the stock in a report on Monday, October 21st. Finally, Bank of America cut their price objective on Schlumberger from $58.00 to $54.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $60.97.

Schlumberger Trading Down 0.9 %

Shares of Schlumberger stock opened at $43.10 on Wednesday. The stock has a market capitalization of $60.86 billion, a P/E ratio of 13.86, a price-to-earnings-growth 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 company has a quick ratio of 1.12, a current ratio of 1.48 and a debt-to-equity ratio of 0.52. The company has a 50-day simple moving average of $42.53 and a 200 day simple moving average of $44.61.

Schlumberger (NYSE:SLB) last posted its 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 company had revenue of $9.16 billion during 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%. Schlumberger’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 earnings per share. Research analysts expect that Schlumberger Limited will post 3.4 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 4th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Wednesday, December 4th. Schlumberger’s dividend payout ratio is currently 35.37%.

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.