Lyell Wealth Management LP lowered its holdings in shares of Schlumberger Limited. (NYSE:SLB) by 40.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,627 shares of the oil and gas company’s stock after selling 11,361 shares during the period. Lyell Wealth Management LP’s holdings in Schlumberger were worth $610,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Schlumberger by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 108,726,647 shares of the oil and gas company’s stock valued at $6,623,627,000 after purchasing an additional 735,605 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of Schlumberger by 0.7% in the 3rd quarter. Vanguard Group Inc now owns 108,726,647 shares of the oil and gas company’s stock valued at $6,623,627,000 after purchasing an additional 735,605 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Schlumberger by 3.0% in the 4th quarter. BlackRock Inc. now owns 89,747,843 shares of the oil and gas company’s stock valued at $3,238,103,000 after purchasing an additional 2,571,883 shares in the last quarter. Capital International Investors boosted its stake in shares of Schlumberger by 62.5% in the 3rd quarter. Capital International Investors now owns 33,296,194 shares of the oil and gas company’s stock valued at $2,028,404,000 after purchasing an additional 12,810,020 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Schlumberger by 5.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 31,019,971 shares of the oil and gas company’s stock valued at $1,889,738,000 after purchasing an additional 1,558,478 shares in the last quarter. Hedge funds and other institutional investors own 78.31% of the company’s stock.
SLB has been the topic of several recent analyst reports. HSBC upgraded shares of Schlumberger from a “hold” rating to a “buy” rating in a research note on Monday, November 26th. Bank of America reaffirmed a “buy” rating and issued a $52.00 price target (down from $69.00) on shares of Schlumberger in a report on Monday, December 3rd. Zacks Investment Research raised Schlumberger from a “sell” rating to a “hold” rating in a report on Wednesday, December 5th. Jefferies Financial Group cut their price target on Schlumberger to $54.00 and set a “buy” rating for the company in a report on Thursday, December 6th. Finally, JPMorgan Chase & Co. cut Schlumberger from an “overweight” rating to a “neutral” rating and cut their price target for the company from $73.00 to $48.00 in a report on Tuesday, December 11th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. Schlumberger presently has a consensus rating of “Hold” and an average price target of $66.00.
Shares of NYSE:SLB opened at $43.09 on Friday. The stock has a market cap of $59.03 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 2.30 and a beta of 1.34. Schlumberger Limited. has a 1-year low of $34.99 and a 1-year high of $75.43. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.17 and a quick ratio of 0.87.
Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, January 18th. The oil and gas company reported $0.36 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The firm had revenue of $8.18 billion during the quarter, compared to analysts’ expectations of $8.10 billion. Schlumberger had a return on equity of 6.12% and a net margin of 6.51%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 EPS. As a group, sell-side analysts expect that Schlumberger Limited. will post 1.59 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Wednesday, February 13th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, February 12th. This represents a $2.00 annualized dividend and a yield of 4.64%. Schlumberger’s dividend payout ratio is currently 123.46%.
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Schlumberger Company Profile
Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.
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