Schlumberger Limited. (SLB) Shares Bought by Valicenti Advisory Services Inc.
Valicenti Advisory Services Inc. grew its holdings in Schlumberger Limited. (NYSE:SLB) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 58,347 shares of the oil and gas company’s stock after purchasing an additional 3,223 shares during the quarter. Schlumberger accounts for about 2.0% of Valicenti Advisory Services Inc.’s holdings, making the stock its 19th biggest holding. Valicenti Advisory Services Inc.’s holdings in Schlumberger were worth $3,932,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Comprehensive Portfolio Management LLC acquired a new stake in Schlumberger in the second quarter valued at approximately $885,000. Meyer Handelman Co. raised its holdings in Schlumberger by 12.3% in the third quarter. Meyer Handelman Co. now owns 232,113 shares of the oil and gas company’s stock valued at $16,193,000 after acquiring an additional 25,494 shares in the last quarter. WFG Advisors LP raised its holdings in Schlumberger by 51.5% in the second quarter. WFG Advisors LP now owns 11,332 shares of the oil and gas company’s stock valued at $746,000 after acquiring an additional 3,853 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in Schlumberger in the second quarter valued at approximately $14,156,000. Finally, Wilkins Investment Counsel Inc. raised its holdings in Schlumberger by 8.8% in the second quarter. Wilkins Investment Counsel Inc. now owns 111,235 shares of the oil and gas company’s stock valued at $7,324,000 after acquiring an additional 8,950 shares in the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.
In related news, insider Howard Guild sold 25,000 shares of Schlumberger stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $78.26, for a total value of $1,956,500.00. Following the transaction, the insider now directly owns 22,410 shares in the company, valued at approximately $1,753,806.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Simon Ayat sold 75,000 shares of Schlumberger stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $78.86, for a total transaction of $5,914,500.00. Following the completion of the transaction, the chief financial officer now owns 138,827 shares in the company, valued at $10,947,897.22. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.
Schlumberger (NYSE:SLB) last announced its earnings results on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. The business had revenue of $8.18 billion for the quarter, compared to analysts’ expectations of $8.12 billion. Schlumberger had a negative net margin of 28.70% and a negative return on equity of 24.46%. The company’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 EPS. analysts predict that Schlumberger Limited. will post 2.16 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders 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 dividend yield of 3.05%. Schlumberger’s payout ratio is -175.44%.
Several brokerages recently weighed in on SLB. ValuEngine cut shares of Schlumberger from a “hold” rating to a “sell” rating in a report on Thursday. Bank of America raised shares of Schlumberger from a “neutral” rating to a “buy” rating and raised their target price for the company from $66.50 to $75.00 in a report on Monday, February 26th. Zacks Investment Research raised shares of Schlumberger from a “sell” rating to a “hold” rating in a report on Monday, February 26th. Susquehanna Bancshares set a $88.00 target price on shares of Schlumberger and gave the company a “buy” rating in a report on Monday, January 22nd. Finally, Cowen set a $85.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a report on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $81.59.
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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