Stonebridge Capital Advisors LLC boosted its stake in Schlumberger Limited. (NYSE:SLB) by 3.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,448 shares of the oil and gas company’s stock after buying an additional 1,730 shares during the quarter. Stonebridge Capital Advisors LLC’s holdings in Schlumberger were worth $3,868,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in SLB. Harding Loevner LP grew its stake in Schlumberger by 1,337.3% in the 3rd quarter. Harding Loevner LP now owns 138,957,632 shares of the oil and gas company’s stock valued at $569,035,000 after buying an additional 129,289,552 shares during the last quarter. Vanguard Group Inc. grew its stake in Schlumberger by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock valued at $6,519,670,000 after buying an additional 2,790,227 shares during the last quarter. Dodge & Cox grew its stake in Schlumberger by 12.8% in the 2nd quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock valued at $3,178,193,000 after buying an additional 5,494,165 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Schlumberger by 2.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 25,620,279 shares of the oil and gas company’s stock valued at $1,787,272,000 after buying an additional 548,250 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Schlumberger by 2.9% in the 2nd quarter. Northern Trust Corp now owns 18,762,468 shares of the oil and gas company’s stock valued at $1,235,321,000 after buying an additional 536,928 shares during the last quarter. Institutional investors own 80.69% of the company’s stock.
In related news, insider Howard Guild sold 25,000 shares of Schlumberger stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $78.26, for a total transaction of $1,956,500.00. Following the completion of the transaction, the insider now directly owns 22,410 shares of the company’s stock, valued at approximately $1,753,806.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Simon Ayat sold 75,000 shares of Schlumberger stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $78.86, for a total transaction of $5,914,500.00. Following the transaction, the chief financial officer now directly owns 138,827 shares of the company’s stock, valued at $10,947,897.22. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.
Schlumberger Limited. (SLB) opened at $66.28 on Monday. The company has a market cap of $91,727.09, a PE ratio of 44.19, a PEG ratio of 5.08 and a beta of 0.98. Schlumberger Limited. has a 1-year low of $61.02 and a 1-year high of $82.69. The company has a current ratio of 1.21, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40.
Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. The company had revenue of $8.18 billion during the quarter, compared to the consensus estimate of $8.12 billion. During the same period last year, the firm earned $0.27 EPS. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. research analysts anticipate that Schlumberger Limited. will post 2.17 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Wednesday, February 7th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.02%. The ex-dividend date is Tuesday, February 6th. Schlumberger’s dividend payout ratio is currently -183.49%.
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Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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