Cohen & Steers Inc. raised its position in Schlumberger Limited. (NYSE:SLB) by 1.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 210,280 shares of the oil and gas company’s stock after buying an additional 3,253 shares during the quarter. Cohen & Steers Inc.’s holdings in Schlumberger were worth $14,669,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SLB. Physicians Financial Services Inc. increased its stake in Schlumberger by 7.8% in the 2nd quarter. Physicians Financial Services Inc. now owns 14,847 shares of the oil and gas company’s stock valued at $978,000 after buying an additional 1,070 shares during the period. Endurance Wealth Management Inc. increased its stake in Schlumberger by 6.2% in the 2nd quarter. Endurance Wealth Management Inc. now owns 94,768 shares of the oil and gas company’s stock valued at $6,240,000 after buying an additional 5,567 shares during the period. Tdam USA Inc. increased its stake in Schlumberger by 18.8% in the 2nd quarter. Tdam USA Inc. now owns 77,146 shares of the oil and gas company’s stock valued at $5,044,000 after buying an additional 12,204 shares during the period. TD Asset Management Inc. increased its stake in Schlumberger by 24.5% in the 2nd quarter. TD Asset Management Inc. now owns 2,079,143 shares of the oil and gas company’s stock valued at $136,891,000 after buying an additional 409,077 shares during the period. Finally, Seven Bridges Advisors LLC increased its stake in Schlumberger by 11.4% in the 2nd quarter. Seven Bridges Advisors LLC now owns 16,637 shares of the oil and gas company’s stock valued at $1,095,000 after buying an additional 1,709 shares during the period. 79.18% of the stock is currently owned by institutional investors.

SLB has been the topic of a number of recent analyst reports. Scotiabank set a $80.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research note on Saturday, October 21st. Piper Jaffray Companies set a $74.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research note on Saturday, October 21st. FBR & Co reaffirmed a “buy” rating on shares of Schlumberger in a research note on Friday, October 20th. Credit Suisse Group set a $71.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research note on Monday, October 23rd. Finally, B. Riley reaffirmed a “buy” rating on shares of Schlumberger in a research note on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $82.29.

Shares of Schlumberger Limited. (NYSE:SLB) opened at $65.92 on Wednesday. Schlumberger Limited. has a 1 year low of $61.02 and a 1 year high of $82.69. The company has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 0.40. The company has a market cap of $91,320.00, a PE ratio of -60.48, a P/E/G ratio of 4.96 and a beta of 0.98.

Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.44 by $0.04. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. The business had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.12 billion. During the same period in the previous year, the firm earned $0.27 EPS. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. analysts anticipate that Schlumberger Limited. will post 2.19 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Wednesday, February 7th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, February 6th. This represents a $2.00 dividend on an annualized basis and a yield of 3.03%. Schlumberger’s dividend payout ratio (DPR) is -183.49%.

In other Schlumberger news, CFO Simon Ayat sold 75,000 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $78.86, for a total value of $5,914,500.00. Following the transaction, the chief financial officer now directly owns 138,827 shares in the company, valued at approximately $10,947,897.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Howard Guild sold 25,000 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $78.26, for a total transaction of $1,956,500.00. Following the completion of the transaction, the insider now owns 22,410 shares in the company, valued at $1,753,806.60. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by corporate insiders.

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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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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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