Schlumberger Limited (NYSE:SLB) Holdings Increased by Qsemble Capital Management LP

Qsemble Capital Management LP boosted its holdings in shares of Schlumberger Limited (NYSE:SLB) by 231.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 143,720 shares of the oil and gas company’s stock after purchasing an additional 100,335 shares during the quarter. Schlumberger makes up approximately 1.1% of Qsemble Capital Management LP’s holdings, making the stock its largest holding. Qsemble Capital Management LP’s holdings in Schlumberger were worth $6,029,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its stake in Schlumberger by 14.0% during the second quarter. Legal & General Group Plc now owns 12,686,384 shares of the oil and gas company’s stock worth $598,544,000 after acquiring an additional 1,560,684 shares during the period. Boston Partners boosted its position in Schlumberger by 35.8% during the 1st quarter. Boston Partners now owns 11,640,827 shares of the oil and gas company’s stock worth $635,883,000 after acquiring an additional 3,069,395 shares during the period. Van ECK Associates Corp lifted its holdings in Schlumberger by 1.2% in the second quarter. Van ECK Associates Corp now owns 8,583,818 shares of the oil and gas company’s stock worth $404,985,000 after purchasing an additional 100,477 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Schlumberger by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 7,990,797 shares of the oil and gas company’s stock valued at $335,214,000 after acquiring an additional 31,718 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Schlumberger by 14.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,067,465 shares of the oil and gas company’s stock valued at $333,445,000 after purchasing an additional 915,705 shares during the period. 81.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SLB shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $60.00 price objective (down previously from $62.00) on shares of Schlumberger in a research note on Monday, October 21st. Wells Fargo & Company reduced their price target on shares of Schlumberger from $53.00 to $49.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 25th. TD Cowen cut their target price on shares of Schlumberger from $68.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, October 21st. UBS Group decreased their target price on Schlumberger from $63.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Finally, Citigroup dropped their price target on Schlumberger from $60.00 to $54.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.97.

Schlumberger Stock Performance

NYSE:SLB traded up $0.04 during trading hours on Monday, hitting $44.27. 1,408,523 shares of the company traded hands, compared to its average volume of 11,179,220. The company has a current ratio of 1.48, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $62.52 billion, a price-to-earnings ratio of 14.22, a P/E/G ratio of 1.56 and a beta of 1.52. The firm has a 50-day moving average of $42.78 and a 200 day moving average of $44.53. Schlumberger Limited has a twelve month low of $38.66 and a twelve month high of $55.69.

Schlumberger (NYSE:SLB) last released its earnings results on Friday, October 18th. The oil and gas company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. The business had revenue of $9.16 billion for the quarter, compared to the consensus estimate of $9.27 billion. During the same period last year, the business earned $0.78 earnings per share. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, analysts forecast that Schlumberger Limited will post 3.39 EPS for the current year.

Schlumberger Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 4th will be paid a dividend of $0.275 per share. The ex-dividend date is Wednesday, December 4th. This represents a $1.10 dividend on an annualized basis and a yield of 2.48%. Schlumberger’s dividend payout ratio is currently 35.37%.

Insider Buying and Selling 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 value of $2,514,000.00. Following the sale, the executive vice president now owns 211,937 shares of the company’s stock, valued at $8,880,160.30. The trade was a 22.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.26% of the company’s stock.

Schlumberger Company 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.