South State Corp boosted its holdings in shares of Schlumberger Limited. (NYSE:SLB) by 1.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,370 shares of the oil and gas company’s stock after buying an additional 1,352 shares during the period. South State Corp’s holdings in Schlumberger were worth $5,752,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Wealth Architects LLC grew its stake in Schlumberger by 50.0% in the second quarter. Wealth Architects LLC now owns 6,004 shares of the oil and gas company’s stock valued at $395,000 after purchasing an additional 2,001 shares in the last quarter. Riverhead Capital Management LLC grew its stake in Schlumberger by 2.4% in the second quarter. Riverhead Capital Management LLC now owns 26,708 shares of the oil and gas company’s stock valued at $1,759,000 after purchasing an additional 624 shares in the last quarter. Coastline Trust Co grew its stake in Schlumberger by 0.7% in the second quarter. Coastline Trust Co now owns 18,902 shares of the oil and gas company’s stock valued at $1,245,000 after purchasing an additional 139 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its stake in Schlumberger by 28.1% in the second quarter. Nations Financial Group Inc. IA ADV now owns 4,463 shares of the oil and gas company’s stock valued at $294,000 after purchasing an additional 978 shares in the last quarter. Finally, Trust Co. of Virginia VA grew its stake in Schlumberger by 4.5% in the second quarter. Trust Co. of Virginia VA now owns 10,511 shares of the oil and gas company’s stock valued at $692,000 after purchasing an additional 450 shares in the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Tore I. Sandvold sold 3,500 shares of the stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total transaction of $219,205.00. Following the completion of the sale, the director now owns 1,500 shares in the company, valued at approximately $93,945. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.38% of the stock is owned by corporate insiders.

A number of research analysts have commented on SLB shares. BidaskClub downgraded Schlumberger from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Argus started coverage on Schlumberger in a research note on Monday, August 21st. They issued a “buy” rating on the stock. Jefferies Group set a $80.00 target price on Schlumberger and gave the company a “buy” rating in a research note on Friday, August 25th. Sanford C. Bernstein restated an “outperform” rating and issued a $80.00 target price on shares of Schlumberger in a research note on Wednesday, September 6th. Finally, BMO Capital Markets restated a “buy” rating and issued a $74.00 target price on shares of Schlumberger in a research note on Wednesday, September 6th. One analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $79.31.

Schlumberger Limited. (NYSE:SLB) traded up $1.88 on Friday, hitting $64.73. The stock had a trading volume of 11,963,517 shares, compared to its average volume of 7,860,523. The company has a market cap of $87,049.86, a P/E ratio of 48.71, a PEG ratio of 1.92 and a beta of 1.02. Schlumberger Limited. has a 52 week low of $61.02 and a 52 week high of $87.84. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.53.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share for the quarter, meeting the 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 during the quarter, compared to the consensus estimate of $7.91 billion. During the same quarter in the prior year, the company earned $0.25 EPS. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. research analysts predict that Schlumberger Limited. will post 1.47 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Wednesday, December 6th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 5th. This represents a $2.00 annualized dividend and a yield of 3.09%. Schlumberger’s payout ratio is 512.83%.

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About Schlumberger

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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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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