Mn Services Vermogensbeheer B.V. Acquires 3,400 Shares of Schlumberger Limited. (SLB)
Mn Services Vermogensbeheer B.V. lifted its holdings in Schlumberger Limited. (NYSE:SLB) by 1.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 223,483 shares of the oil and gas company’s stock after buying an additional 3,400 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Schlumberger were worth $13,615,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in SLB. Bank of New York Mellon Corp boosted its stake in Schlumberger by 8.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 29,461,493 shares of the oil and gas company’s stock worth $1,974,805,000 after purchasing an additional 2,188,823 shares in the last quarter. American Century Companies Inc. boosted its stake in Schlumberger by 20.1% in the 3rd quarter. American Century Companies Inc. now owns 10,218,188 shares of the oil and gas company’s stock worth $622,492,000 after purchasing an additional 1,707,050 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Schlumberger by 6.2% in the 3rd quarter. Fisher Asset Management LLC now owns 6,576,688 shares of the oil and gas company’s stock worth $400,652,000 after purchasing an additional 385,816 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Schlumberger by 3.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 5,720,875 shares of the oil and gas company’s stock worth $383,471,000 after purchasing an additional 164,182 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Schlumberger by 2.8% in the 2nd quarter. Swiss National Bank now owns 4,950,935 shares of the oil and gas company’s stock worth $331,861,000 after purchasing an additional 133,900 shares in the last quarter. 78.47% of the stock is currently owned by hedge funds and other institutional investors.
SLB has been the topic of a number of analyst reports. Jefferies Financial Group set a $80.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research note on Monday, July 23rd. Seaport Global Securities set a $72.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research note on Monday, July 23rd. Citigroup dropped their price target on shares of Schlumberger from $78.00 to $77.00 and set a “buy” rating on the stock in a research note on Monday, July 23rd. Credit Suisse Group upped their target price on shares of Schlumberger from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, July 23rd. Finally, Piper Jaffray Companies restated a “buy” rating and set a $80.00 target price on shares of Schlumberger in a research note on Monday, July 23rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seventeen have assigned a buy rating to the stock. Schlumberger currently has an average rating of “Buy” and a consensus price target of $76.84.
SLB opened at $50.40 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38. The stock has a market cap of $72.45 billion, a price-to-earnings ratio of 29.90, a P/E/G ratio of 5.16 and a beta of 1.03. Schlumberger Limited. has a 52-week low of $50.00 and a 52-week high of $80.35.
Schlumberger (NYSE:SLB) last posted its earnings results on Friday, October 19th. The oil and gas company reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.01. Schlumberger had a negative net margin of 2.00% and a positive return on equity of 6.55%. The business had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $8.57 billion. During the same quarter in the prior year, the business earned $0.42 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, analysts expect that Schlumberger Limited. will post 1.69 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Wednesday, December 5th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Tuesday, December 4th. Schlumberger’s dividend payout ratio (DPR) is presently 133.33%.
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Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.
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