Thompson Rubinstein Investment Management Inc. OR reduced its stake in shares of Schlumberger Limited. (NYSE:SLB) by 2.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,535 shares of the oil and gas company’s stock after selling 2,092 shares during the period. Schlumberger Limited. comprises about 2.1% of Thompson Rubinstein Investment Management Inc. OR’s holdings, making the stock its 15th largest position. Thompson Rubinstein Investment Management Inc. OR’s holdings in Schlumberger Limited. were worth $5,821,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of SLB. SRS Capital Advisors Inc. bought a new stake in Schlumberger Limited. during the fourth quarter worth about $101,000. Rocky Mountain Advisers LLC raised its stake in Schlumberger Limited. by 9,507.1% in the fourth quarter. Rocky Mountain Advisers LLC now owns 1,345 shares of the oil and gas company’s stock worth $113,000 after buying an additional 1,331 shares during the last quarter. Cable Hill Partners LLC raised its stake in Schlumberger Limited. by 28.3% in the third quarter. Cable Hill Partners LLC now owns 1,411 shares of the oil and gas company’s stock worth $115,000 after buying an additional 311 shares during the last quarter. WealthTrust Arizona LLC raised its stake in Schlumberger Limited. by 5.5% in the third quarter. WealthTrust Arizona LLC now owns 1,429 shares of the oil and gas company’s stock worth $112,000 after buying an additional 74 shares during the last quarter. Finally, Mascoma Wealth Management LLC bought a new stake in Schlumberger Limited. during the fourth quarter worth about $124,000. Hedge funds and other institutional investors own 78.66% of the company’s stock.
Schlumberger Limited. (NYSE:SLB) opened at 72.09 on Wednesday. The stock has a 50 day moving average price of $74.31 and a 200 day moving average price of $80.17. Schlumberger Limited. has a 12 month low of $70.22 and a 12 month high of $87.84. The company’s market cap is $100.17 billion.
Schlumberger Limited. (NYSE:SLB) last released its quarterly earnings data on Friday, April 21st. The oil and gas company reported $0.25 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.25. The company had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.98 billion. Schlumberger Limited. had a negative net margin of 6.07% and a positive return on equity of 3.81%. Schlumberger Limited.’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 EPS. Analysts anticipate that Schlumberger Limited. will post $1.49 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Thursday, June 1st will be issued a $0.50 dividend. The ex-dividend date is Tuesday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 2.77%. Schlumberger Limited.’s payout ratio is -169.49%.
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A number of equities analysts have weighed in on SLB shares. Evercore ISI set a $93.00 target price on Schlumberger Limited. and gave the stock a “buy” rating in a research note on Saturday, April 22nd. Cowen and Company restated an “outperform” rating and issued a $99.00 target price on shares of Schlumberger Limited. in a research note on Tuesday, April 25th. SunTrust Banks, Inc. upgraded Schlumberger Limited. from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research note on Thursday, April 20th. Zacks Investment Research lowered Schlumberger Limited. from a “hold” rating to a “sell” rating in a research note on Tuesday, March 28th. Finally, HSBC Holdings plc assumed coverage on Schlumberger Limited. in a research note on Wednesday, April 19th. They issued a “hold” rating and a $90.00 target price on the stock. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $94.00.
In other Schlumberger Limited. news, Director Tore I. Sandvold sold 5,000 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $81.54, for a total value of $407,700.00. Following the completion of the sale, the director now owns 7,750 shares in the company, valued at approximately $631,935. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.36% of the stock is currently owned by corporate insiders.
About Schlumberger Limited.
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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