AMF Pensionsforsakring AB Has $55.35 Million Holdings in Schlumberger Limited. (SLB)
AMF Pensionsforsakring AB raised its position in Schlumberger Limited. (NYSE:SLB) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,534,070 shares of the oil and gas company’s stock after buying an additional 128,131 shares during the period. AMF Pensionsforsakring AB’s holdings in Schlumberger were worth $55,349,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of SLB. Capital International Investors increased its stake in Schlumberger by 62.5% in the 3rd quarter. Capital International Investors now owns 33,296,194 shares of the oil and gas company’s stock valued at $2,028,404,000 after buying an additional 12,810,020 shares during the last quarter. Bank of New York Mellon Corp increased 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 valued at $1,974,805,000 after buying an additional 2,188,823 shares during the last quarter. American Century Companies Inc. increased 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 valued at $622,492,000 after buying an additional 1,707,050 shares during the last quarter. Schroder Investment Management Group increased its stake in Schlumberger by 31.5% in the 3rd quarter. Schroder Investment Management Group now owns 4,303,769 shares of the oil and gas company’s stock valued at $262,185,000 after buying an additional 1,030,579 shares during the last quarter. Finally, Sound Shore Management Inc. CT purchased a new stake in Schlumberger in the 3rd quarter valued at about $61,845,000. Hedge funds and other institutional investors own 76.85% of the company’s stock.
Several equities research analysts have commented on the stock. HSBC upgraded shares of Schlumberger from a “hold” rating to a “buy” rating in a research note on Sunday, December 2nd. Credit Suisse Group decreased their price objective on shares of Schlumberger from $82.00 to $71.00 and set an “outperform” rating for the company in a research note on Monday, October 22nd. UBS Group decreased their price objective on shares of Schlumberger from $92.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, October 22nd. Barclays set a $58.00 price objective on shares of Schlumberger and gave the company a “hold” rating in a research note on Monday, December 10th. Finally, Citigroup decreased their price objective on shares of Schlumberger from $57.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, January 4th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. Schlumberger presently has an average rating of “Hold” and an average target price of $66.65.
Schlumberger stock opened at $42.78 on Friday. Schlumberger Limited. has a twelve month low of $34.99 and a twelve month high of $75.43. The company has a market cap of $60.10 billion, a PE ratio of 26.66, a P/E/G ratio of 2.29 and a beta of 1.36. The company has a quick ratio of 0.87, a current ratio of 1.17 and a debt-to-equity ratio of 0.40.
Schlumberger (NYSE:SLB) last released its earnings results on Friday, January 18th. The oil and gas company reported $0.36 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.36. Schlumberger had a net margin of 6.51% and a return on equity of 6.12%. The firm had revenue of $8.18 billion during the quarter, compared to the consensus estimate of $8.10 billion. During the same period in the prior year, the firm earned $0.48 EPS. The company’s revenue was up .0% compared to the same quarter last year. On average, equities analysts expect that Schlumberger Limited. will post 1.62 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Wednesday, February 13th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date of this dividend is Tuesday, February 12th. Schlumberger’s dividend payout ratio is currently 123.46%.
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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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