Schlumberger Limited. (SLB) Shares Bought by Eqis Capital Management Inc.
Eqis Capital Management Inc. grew its stake in Schlumberger Limited. (NYSE:SLB) by 9.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,161 shares of the oil and gas company’s stock after purchasing an additional 1,300 shares during the quarter. Eqis Capital Management Inc.’s holdings in Schlumberger were worth $1,022,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Harding Loevner LP grew its position in shares of Schlumberger by 1,337.3% in the third quarter. Harding Loevner LP now owns 138,957,632 shares of the oil and gas company’s stock valued at $569,035,000 after purchasing an additional 129,289,552 shares during the period. Vanguard Group Inc. grew its position in shares of Schlumberger by 2.9% in the second quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock valued at $6,519,670,000 after purchasing an additional 2,790,227 shares during the period. Dodge & Cox grew its position in shares of Schlumberger by 12.8% in the second quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock valued at $3,178,193,000 after purchasing an additional 5,494,165 shares during the period. Bank of New York Mellon Corp grew its position in shares of Schlumberger by 2.2% in the third quarter. Bank of New York Mellon Corp now owns 25,620,279 shares of the oil and gas company’s stock valued at $1,787,272,000 after purchasing an additional 548,250 shares during the period. Finally, Northern Trust Corp grew its position in shares of Schlumberger by 2.9% in the second quarter. Northern Trust Corp now owns 18,762,468 shares of the oil and gas company’s stock valued at $1,235,321,000 after purchasing an additional 536,928 shares during the period. Institutional investors and hedge funds own 80.01% of the company’s stock.
A number of equities analysts recently weighed in on SLB shares. Royal Bank of Canada set a $73.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research report on Thursday, December 21st. Morgan Stanley set a $81.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research report on Thursday, January 18th. Cowen set a $85.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research report on Thursday, January 11th. Jefferies Group set a $78.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research report on Thursday, January 4th. Finally, B. Riley set a $80.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $81.59.
Shares of Schlumberger Limited. (NYSE SLB) opened at $67.14 on Wednesday. The stock has a market cap of $93,010.00, a P/E ratio of -58.89, a PEG ratio of 5.30 and a beta of 1.03. Schlumberger Limited. has a 52 week low of $61.02 and a 52 week high of $80.89. The company has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 0.40.
Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.48 earnings per share (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 the consensus estimate of $8.12 billion. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. The business’s revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 EPS. sell-side analysts anticipate that Schlumberger Limited. will post 2.16 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Wednesday, February 7th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date is Tuesday, February 6th. Schlumberger’s dividend payout ratio (DPR) is -175.44%.
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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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