Aspiriant LLC acquired a new position in shares of Schlumberger Limited. (NYSE:SLB) during the first quarter, Holdings Channel reports. The institutional investor acquired 9,315 shares of the oil and gas company’s stock, valued at approximately $603,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Delek Group Ltd. acquired a new position in Schlumberger during the fourth quarter worth $100,000. FNY Partners Fund LP acquired a new position in Schlumberger during the fourth quarter worth $101,000. Rational Advisors LLC acquired a new position in Schlumberger during the fourth quarter worth $108,000. American Research & Management Co. boosted its stake in Schlumberger by 81.1% during the fourth quarter. American Research & Management Co. now owns 1,731 shares of the oil and gas company’s stock worth $117,000 after buying an additional 775 shares during the last quarter. Finally, Delpha Capital Management LLC acquired a new position in shares of Schlumberger in the 4th quarter valued at $119,000. 78.60% of the stock is currently owned by institutional investors.
In other Schlumberger news, VP Claudia Jaramillo sold 3,000 shares of the company’s stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $72.68, for a total transaction of $218,040.00. Following the sale, the vice president now owns 6,162 shares in the company, valued at approximately $447,854.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Paal Kibsgaard purchased 10,000 shares of the business’s stock in a transaction on Monday, March 26th. The shares were bought at an average price of $64.68 per share, for a total transaction of $646,800.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 18,000 shares of company stock worth $1,163,650. 0.48% of the stock is owned by company insiders.
Shares of Schlumberger opened at $68.67 on Friday, according to Marketbeat.com. The company has a current ratio of 1.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.36. Schlumberger Limited. has a 1-year low of $61.02 and a 1-year high of $80.35. The stock has a market cap of $94.27 billion, a price-to-earnings ratio of 45.78, a P/E/G ratio of 5.52 and a beta of 1.05.
Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, April 20th. The oil and gas company reported $0.38 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.38. Schlumberger had a positive return on equity of 5.85% and a negative net margin of 4.01%. The company had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.79 billion. During the same quarter in the prior year, the business earned $0.25 EPS. Schlumberger’s revenue was up 13.6% on a year-over-year basis. research analysts expect that Schlumberger Limited. will post 2.05 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Wednesday, June 6th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 5th. This represents a $2.00 annualized dividend and a yield of 2.91%. Schlumberger’s dividend payout ratio (DPR) is 133.33%.
Schlumberger Company Profile
Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.
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