Schlumberger Limited. (SLB) Holdings Reduced by Israel Discount Bank of New York
Israel Discount Bank of New York lowered its holdings in Schlumberger Limited. (NYSE:SLB) by 7.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,481 shares of the oil and gas company’s stock after selling 755 shares during the quarter. Israel Discount Bank of New York’s holdings in Schlumberger were worth $624,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of SLB. Valley National Advisers Inc. raised its position in shares of Schlumberger by 0.3% during the second quarter. Valley National Advisers Inc. now owns 2,594 shares of the oil and gas company’s stock worth $171,000 after acquiring an additional 8 shares during the last quarter. Family Legacy Inc. raised its position in shares of Schlumberger by 0.9% during the second quarter. Family Legacy Inc. now owns 3,372 shares of the oil and gas company’s stock worth $222,000 after acquiring an additional 30 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in shares of Schlumberger by 0.3% during the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,886 shares of the oil and gas company’s stock worth $848,000 after acquiring an additional 36 shares during the last quarter. Delta Asset Management LLC TN raised its position in shares of Schlumberger by 0.8% during the second quarter. Delta Asset Management LLC TN now owns 5,189 shares of the oil and gas company’s stock worth $342,000 after acquiring an additional 40 shares during the last quarter. Finally, Glassman Wealth Services raised its position in shares of Schlumberger by 0.8% during the second quarter. Glassman Wealth Services now owns 5,276 shares of the oil and gas company’s stock worth $347,000 after acquiring an additional 44 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.
Shares of Schlumberger Limited. (NYSE SLB) traded up $1.88 during trading on Friday, hitting $64.73. The company’s stock had a trading volume of 11,963,517 shares, compared to its average volume of 7,082,402. Schlumberger Limited. has a 12 month low of $61.02 and a 12 month high of $87.84. The company has a market capitalization of $89,670.00, a P/E ratio of 48.29, a P/E/G ratio of 1.90 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 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. Schlumberger had a return on equity of 4.42% and a net margin of 1.86%. The company had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $7.91 billion. During the same period in the prior year, the company earned $0.25 earnings per share. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. equities research analysts expect that Schlumberger Limited. will post 1.47 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Wednesday, December 6th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $2.00 annualized dividend and a dividend yield of 3.09%. Schlumberger’s dividend payout ratio (DPR) is currently 512.82%.
A number of research firms have recently weighed in on SLB. Zacks Investment Research downgraded Schlumberger from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. FBR & Co reiterated a “buy” rating on shares of Schlumberger in a report on Friday, October 20th. Piper Jaffray Companies set a $74.00 price objective on Schlumberger and gave the company a “buy” rating in a report on Saturday, October 21st. Sanford C. Bernstein reiterated an “outperform” rating and issued a $80.00 price objective on shares of Schlumberger in a report on Wednesday, September 6th. Finally, Credit Suisse Group set a $71.00 price objective on Schlumberger and gave the company a “buy” rating in a report on Monday, October 23rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. Schlumberger currently has an average rating of “Buy” and an average target price of $79.31.
In other Schlumberger news, Director Tore I. Sandvold sold 3,500 shares of the stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total value of $219,205.00. Following the completion of the sale, the director now directly owns 1,500 shares in the company, valued at $93,945. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.38% of the stock is owned by corporate insiders.
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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