Schlumberger Limited. (SLB) Stake Raised by Wilkins Investment Counsel Inc.
Wilkins Investment Counsel Inc. increased its stake in Schlumberger Limited. (NYSE:SLB) by 8.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 111,235 shares of the oil and gas company’s stock after buying an additional 8,950 shares during the quarter. Schlumberger makes up 2.3% of Wilkins Investment Counsel Inc.’s holdings, making the stock its 21st biggest position. Wilkins Investment Counsel Inc.’s holdings in Schlumberger were worth $7,324,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SLB. Tradewinds Capital Management LLC raised its stake in Schlumberger by 29.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock valued at $104,000 after acquiring an additional 307 shares during the period. Proficio Capital Partners LLC increased its position in Schlumberger by 18.0% during the 1st quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock worth $145,000 after buying an additional 310 shares during the period. Valley National Advisers Inc. increased its position in Schlumberger by 0.3% during the 2nd quarter. Valley National Advisers Inc. now owns 2,594 shares of the oil and gas company’s stock worth $171,000 after buying an additional 8 shares during the period. Baystate Wealth Management LLC increased its position in Schlumberger by 12.7% during the 2nd quarter. Baystate Wealth Management LLC now owns 2,707 shares of the oil and gas company’s stock worth $181,000 after buying an additional 305 shares during the period. Finally, Rational Advisors LLC bought a new position in Schlumberger during the 2nd quarter worth $198,000. 89.07% of the stock is owned by institutional investors.
Shares of Schlumberger Limited. (NYSE SLB) traded down $0.08 during mid-day trading on Wednesday, hitting $62.21. The stock had a trading volume of 3,800,507 shares, compared to its average volume of 7,035,106. Schlumberger Limited. has a 12-month low of $61.02 and a 12-month high of $87.84. The firm has a market capitalization of $86,290.00, a price-to-earnings ratio of 48.01, a price-to-earnings-growth ratio of 1.89 and a beta of 1.02. The company has a quick ratio of 1.20, a current ratio of 1.53 and a debt-to-equity ratio of 0.40.
Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.42. Schlumberger had a return on equity of 4.42% and a net margin of 1.86%. The firm had revenue of $7.91 billion for the quarter, compared to analyst estimates of $7.91 billion. During the same period last year, the firm posted $0.25 earnings per share. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. analysts forecast that Schlumberger Limited. will post 1.47 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Wednesday, December 6th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Tuesday, December 5th. Schlumberger’s payout ratio is 512.82%.
Several research analysts have weighed in on SLB shares. Piper Jaffray Companies set a $74.00 price objective on Schlumberger and gave the stock a “buy” rating in a research report on Saturday, October 21st. Goldman Sachs Group cut Schlumberger from a “conviction-buy” rating to a “buy” rating and set a $75.00 price objective on the stock. in a research report on Monday, November 13th. BMO Capital Markets reiterated a “buy” rating and set a $74.00 price objective on shares of Schlumberger in a research report on Wednesday, September 6th. Sanford C. Bernstein reiterated an “outperform” rating and set a $80.00 price objective on shares of Schlumberger in a research report on Wednesday, September 6th. Finally, Citigroup lowered their price objective on Schlumberger from $80.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $79.31.
In other news, Director Tore I. Sandvold sold 3,500 shares of Schlumberger stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total transaction of $219,205.00. Following the sale, the director now directly owns 1,500 shares of the company’s stock, valued at $93,945. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.38% of the company’s stock.
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Schlumberger Company Profile
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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