2,033 Shares in Schlumberger (SLB) Acquired by Pinebridge Investments L.P.

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.

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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.

SLB has been the topic of a number of recent analyst reports. Royal Bank of Canada set a $73.00 price objective on Schlumberger and gave the stock a “buy” rating in a research report on Thursday, December 21st. Morgan Stanley set a $81.00 price objective on Schlumberger and gave the stock a “buy” rating in a research report on Thursday, January 18th. Cowen set a $85.00 price objective on Schlumberger and gave the stock a “buy” rating in a research report on Thursday, January 11th. Jefferies Group set a $78.00 price objective on Schlumberger and gave the stock a “buy” rating in a research report on Thursday, January 4th. Finally, B. Riley set a $80.00 price objective on Schlumberger and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Schlumberger presently has an average rating of “Buy” and a consensus price target of $81.08.

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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About Schlumberger

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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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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