Schlumberger Limited (NYSE:SLB) Stake Raised by Isthmus Partners LLC

Isthmus Partners LLC increased its holdings in Schlumberger Limited (NYSE:SLB) by 2.4% in the 3rd quarter, Holdings Channel reports. The fund owned 261,999 shares of the oil and gas company’s stock after purchasing an additional 6,092 shares during the period. Isthmus Partners LLC’s holdings in Schlumberger were worth $10,991,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Vinva Investment Management Ltd lifted its stake in Schlumberger by 17.3% in the 3rd quarter. Vinva Investment Management Ltd now owns 65,117 shares of the oil and gas company’s stock worth $2,754,000 after acquiring an additional 9,581 shares in the last quarter. Financial Counselors Inc. raised its stake in shares of Schlumberger by 25.2% during the 3rd quarter. Financial Counselors Inc. now owns 337,431 shares of the oil and gas company’s stock worth $14,155,000 after purchasing an additional 67,938 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Schlumberger by 20.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,213,944 shares of the oil and gas company’s stock worth $470,425,000 after purchasing an additional 1,916,851 shares in the last quarter. Fiduciary Trust Co raised its stake in shares of Schlumberger by 25.8% during the 3rd quarter. Fiduciary Trust Co now owns 57,084 shares of the oil and gas company’s stock worth $2,395,000 after purchasing an additional 11,714 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Schlumberger by 1.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 623,004 shares of the oil and gas company’s stock worth $26,135,000 after purchasing an additional 11,611 shares in the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

Schlumberger Stock Up 0.4 %

Shares of SLB stock opened at $43.66 on Friday. The firm has a market cap of $61.65 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 1.54 and a beta of 1.52. The company has a quick ratio of 1.12, a current ratio of 1.48 and a debt-to-equity ratio of 0.52. Schlumberger Limited has a 12 month low of $38.66 and a 12 month high of $55.69. The stock has a 50 day moving average of $42.95 and a 200-day moving average of $44.45.

Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, October 18th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. The business had revenue of $9.16 billion for the quarter, compared to analysts’ expectations of $9.27 billion. During the same period in the previous year, the business posted $0.78 earnings per share. Schlumberger’s quarterly revenue was up 10.2% on a year-over-year basis. On average, equities analysts predict that Schlumberger Limited will post 3.39 EPS for the current year.

Schlumberger Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 4th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Wednesday, December 4th. Schlumberger’s dividend payout ratio (DPR) is 35.37%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SLB shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $60.00 price target (down from $62.00) on shares of Schlumberger in a research note on Monday, October 21st. UBS Group cut their price target on Schlumberger from $63.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Bank of America cut their price target on Schlumberger from $58.00 to $54.00 and set a “buy” rating for the company in a research note on Monday, October 14th. BMO Capital Markets cut their price target on Schlumberger from $60.00 to $58.00 and set an “outperform” rating for the company in a research note on Thursday, October 10th. Finally, Wells Fargo & Company lowered their price objective on Schlumberger from $53.00 to $49.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 25th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.97.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $41.90, for a total value of $2,514,000.00. Following the sale, the executive vice president now directly owns 211,937 shares in the company, valued at $8,880,160.30. This represents a 22.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.26% of the company’s stock.

Schlumberger Profile

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.