Pinebridge Investments L.P. bought a new position in shares of Schlumberger (NYSE:SLB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,033 shares of the oil and gas company’s stock, valued at approximately $137,000.
Several other large investors also recently bought and sold shares of SLB. Harding Loevner LP raised its position in shares of Schlumberger by 1,337.3% in the third quarter. Harding Loevner LP now owns 138,957,632 shares of the oil and gas company’s stock worth $569,035,000 after buying an additional 129,289,552 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Schlumberger by 2.9% in the second quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock worth $6,519,670,000 after buying an additional 2,790,227 shares in the last quarter. Dodge & Cox raised its position in shares of Schlumberger by 12.8% in the second quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock worth $3,178,193,000 after buying an additional 5,494,165 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Schlumberger by 2.2% in the third quarter. Bank of New York Mellon Corp now owns 25,620,279 shares of the oil and gas company’s stock worth $1,787,272,000 after buying an additional 548,250 shares in the last quarter. Finally, Northern Cross LLC raised its position in shares of Schlumberger by 15.3% in the fourth quarter. Northern Cross LLC now owns 19,852,648 shares of the oil and gas company’s stock worth $1,337,870,000 after buying an additional 2,637,527 shares in the last quarter. Hedge funds and other institutional investors own 80.02% of the company’s stock.
In related news, CEO Paal Kibsgaard acquired 10,000 shares of Schlumberger stock in a transaction dated Monday, March 26th. The shares were purchased at an average cost of $64.68 per share, with a total value of $646,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Simon Ayat sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $78.86, for a total value of $5,914,500.00. Following the transaction, the chief financial officer now directly owns 138,827 shares in the company, valued at $10,947,897.22. The disclosure for this sale can be found here. Insiders have bought 18,000 shares of company stock worth $1,163,650 over the last ninety days. Insiders own 0.48% of the company’s stock.
Shares of NYSE:SLB opened at $68.52 on Tuesday. Schlumberger has a 12-month low of $61.02 and a 12-month high of $80.35. The stock has a market cap of $94,038.25, a PE ratio of 45.68, a P/E/G ratio of 5.37 and a beta of 1.05. 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 announced its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.04. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The firm had revenue of $8.18 billion for the quarter, compared to analysts’ expectations of $8.12 billion. During the same period last year, the firm earned $0.27 earnings per share. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. analysts anticipate that Schlumberger will post 2.11 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Wednesday, February 7th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, February 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.92%. Schlumberger’s dividend payout ratio (DPR) is currently 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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