12 hours Ago By ABMN Staff
Elo Mutual Pension Insurance Co decreased its position in shares of Schlumberger Limited ( NYSE:SLB – Free Report ) by 19.5% in the second quarter, Holdings Channel.com reports.
The firm owned 122,365 shares of the oil and gas company’s stock after selling 29,634 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Schlumberger were worth $5,773,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds have also recently bought and sold shares of the company.
Register Financial Advisors LLC acquired a new stake in shares of Schlumberger during the 1st quarter valued at about $27,000. Bruce G. Allen Investments LLC raised its position in Schlumberger by 204.
2% during the second quarter. Bruce G. Allen Investments LLC now owns 584 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 392 shares in the last quarter.
Unique Wealth Strategies LLC acquired a new stake in Schlumberger in the second quarter valued at approximately $30,000. Manchester Capital Management LLC grew its position in Schlumberger by 297.9% in the first quarter.
Manchester Capital Management LLC now owns 569 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 426 shares in the last quarter. Finally, Riverview Trust Co increased its stake in shares of Schlumberger by 90.6% during the 2nd quarter.
Riverview Trust Co now owns 648 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 308 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.
Analyst Ratings Changes Several equities research analysts recently issued reports on SLB shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $69.00 price objective on shares of Schlumberger in a research note on Monday, July 22nd.
Susquehanna reduced their price target on Schlumberger from $77.00 to $70.00 and set a “positive” rating for the company in a research report on Thursday, July 11th.
Bank of America lowered their price objective on Schlumberger from $62.00 to $58.00 and set a “buy” rating on the stock in a report on Monday, July 15th.
Morgan Stanley reduced their target price on Schlumberger from $65.00 to $60.00 and set an “overweight” rating for the company in a report on Monday.
Finally, TD Cowen increased their price target on Schlumberger from $62.00 to $64.00 and gave the company a “buy” rating in a report on Monday, July 22nd.
Two analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.
29. Schlumberger Stock Down 0.2 % NYSE SLB opened at $41.
44 on Thursday. Schlumberger Limited has a twelve month low of $38.66 and a twelve month high of $61.
70. The stock has a market cap of $59.22 billion, a PE ratio of 13.
77, a PEG ratio of 0.85 and a beta of 1.52.
The firm has a 50-day simple moving average of $44.63 and a 200 day simple moving average of $47.48.
The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.13 and a current ratio of 1.
49. Schlumberger ( NYSE:SLB – Get Free Report ) last announced its quarterly earnings data on Friday, July 19th. The oil and gas company reported $0.
85 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02.
Schlumberger had a return on equity of 21.92% and a net margin of 12.56%.
The company had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $9.08 billion.
During the same quarter last year, the company earned $0.72 EPS. The company’s quarterly revenue was up 12.
8% on a year-over-year basis. On average, research analysts forecast that Schlumberger Limited will post 3.49 EPS for the current year.
Schlumberger Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Wednesday, September 4th will be paid a dividend of $0.275 per share.
The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $1.10 annualized dividend and a yield of 2.
65%. Schlumberger’s dividend payout ratio is currently 36.54%.
Insider Buying and Selling at Schlumberger In related news, CFO Stephane Biguet sold 50,048 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $49.94, for a total transaction of $2,499,397.
12. Following the completion of the sale, the chief financial officer now owns 203,076 shares in the company, valued at approximately $10,141,615.44.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website . In related news, Director Vijay Kasibhatla sold 10,000 shares of the firm’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $49.
29, for a total transaction of $492,900.00. Following the completion of the sale, the director now directly owns 62,354 shares of the company’s stock, valued at approximately $3,073,428.
66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . Also, CFO Stephane Biguet sold 50,048 shares of the business’s stock in a transaction on Monday, July 22nd.
The stock was sold at an average price of $49.94, for a total value of $2,499,397.12.
Following the completion of the transaction, the chief financial officer now directly owns 203,076 shares in the company, valued at approximately $10,141,615.44. The disclosure for this sale can be found here .
Over the last three months, insiders sold 180,716 shares of company stock valued at $9,048,624. 0.26% of the stock is currently owned by company insiders.
About Schlumberger ( Free Report ) Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.
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