11,413 Shares in Schlumberger Limited. (SLB) Purchased by McGuire Investment Group LLC
McGuire Investment Group LLC acquired a new stake in shares of Schlumberger Limited. (NYSE:SLB) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,413 shares of the oil and gas company’s stock, valued at approximately $695,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SLB. DDD Partners LLC lifted its position in shares of Schlumberger by 164.5% in the third quarter. DDD Partners LLC now owns 49,095 shares of the oil and gas company’s stock worth $2,991,000 after buying an additional 30,535 shares during the last quarter. MML Investors Services LLC lifted its position in shares of Schlumberger by 53.7% in the third quarter. MML Investors Services LLC now owns 35,421 shares of the oil and gas company’s stock worth $2,158,000 after buying an additional 12,377 shares during the last quarter. Montag A & Associates Inc. lifted its position in shares of Schlumberger by 2.7% in the third quarter. Montag A & Associates Inc. now owns 49,991 shares of the oil and gas company’s stock worth $3,045,000 after buying an additional 1,313 shares during the last quarter. Brasada Capital Management LP lifted its position in shares of Schlumberger by 17,951.6% in the third quarter. Brasada Capital Management LP now owns 11,553 shares of the oil and gas company’s stock worth $704,000 after buying an additional 11,489 shares during the last quarter. Finally, Honeywell International Inc. lifted its position in shares of Schlumberger by 13.8% in the third quarter. Honeywell International Inc. now owns 244,600 shares of the oil and gas company’s stock worth $14,901,000 after buying an additional 29,600 shares during the last quarter. 77.49% of the stock is owned by hedge funds and other institutional investors.
In other news, CFO Simon Ayat sold 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $56.60, for a total value of $3,396,000.00. Following the sale, the chief financial officer now directly owns 234,008 shares in the company, valued at approximately $13,244,852.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael E. Marks acquired 8,000 shares of the stock in a transaction dated Thursday, September 6th. The stock was bought at an average price of $60.31 per share, for a total transaction of $482,480.00. The disclosure for this purchase can be found here. Insiders own 0.48% of the company’s stock.
Shares of SLB opened at $48.22 on Monday. Schlumberger Limited. has a 12-month low of $47.07 and a 12-month high of $80.35. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.13. The stock has a market cap of $66.78 billion, a P/E ratio of 32.15, a PEG ratio of 4.76 and a beta of 1.03.
Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, October 19th. The oil and gas company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. Schlumberger had a positive return on equity of 6.55% and a negative net margin of 2.00%. The firm had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.57 billion. During the same period in the previous year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. Analysts anticipate that Schlumberger Limited. will post 1.69 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Wednesday, December 5th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $2.00 annualized dividend and a yield of 4.15%. Schlumberger’s dividend payout ratio is 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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