Beaton Management Co. Inc. Takes $415,000 Position in Schlumberger Limited. (SLB)

Beaton Management Co. Inc. bought a new stake in Schlumberger Limited. (NYSE:SLB) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 6,299 shares of the oil and gas company’s stock, valued at approximately $415,000.

Several other large investors have also recently modified their holdings of SLB. Valley National Advisers Inc. raised its holdings in shares of Schlumberger by 0.3% in the second quarter. Valley National Advisers Inc. now owns 2,594 shares of the oil and gas company’s stock valued at $171,000 after buying an additional 8 shares during the last quarter. Family Legacy Inc. raised its holdings in shares of Schlumberger by 0.9% in the second quarter. Family Legacy Inc. now owns 3,372 shares of the oil and gas company’s stock valued at $222,000 after buying an additional 30 shares during the last quarter. Frontier Wealth Management LLC raised its holdings in shares of Schlumberger by 0.4% in the second quarter. Frontier Wealth Management LLC now owns 8,229 shares of the oil and gas company’s stock valued at $542,000 after buying an additional 35 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its holdings in shares of Schlumberger by 0.3% in the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,886 shares of the oil and gas company’s stock valued at $848,000 after buying an additional 36 shares during the last quarter. Finally, Delta Asset Management LLC TN raised its holdings in shares of Schlumberger by 0.8% in the second quarter. Delta Asset Management LLC TN now owns 5,189 shares of the oil and gas company’s stock valued at $342,000 after buying an additional 40 shares during the last quarter. Institutional investors own 79.76% of the company’s stock.

Shares of Schlumberger Limited. (NYSE SLB) traded down $0.88 during mid-day trading on Thursday, hitting $63.30. The stock had a trading volume of 7,485,500 shares, compared to its average volume of 7,144,598. The company has a current ratio of 1.53, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40. The company has a market cap of $88,906.11, a PE ratio of 49.75, a PEG ratio of 1.96 and a beta of 1.01. Schlumberger Limited. has a one year low of $61.02 and a one year high of $87.84.

Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. The company had revenue of $7.91 billion during the quarter, compared to analysts’ expectations of $7.91 billion. Schlumberger had a return on equity of 4.42% and a net margin of 1.86%. Schlumberger’s revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 EPS. analysts anticipate that Schlumberger Limited. will post 1.47 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Wednesday, December 6th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.16%. Schlumberger’s dividend payout ratio (DPR) is presently 512.83%.

In other news, Director Tore I. Sandvold sold 3,500 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total value of $219,205.00. Following the completion of the sale, the director now directly owns 1,500 shares of the company’s stock, valued at approximately $93,945. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.38% of the company’s stock.

A number of research analysts recently issued reports on the company. Jefferies Group reaffirmed a “buy” rating and issued a $80.00 price target on shares of Schlumberger in a report on Friday, September 29th. Citigroup lifted their price target on Schlumberger from $77.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, October 5th. Royal Bank of Canada set a $86.00 price target on Schlumberger and gave the company a “buy” rating in a report on Saturday, October 7th. Cowen set a $80.00 price target on Schlumberger and gave the company a “buy” rating in a report on Friday, October 6th. Finally, BMO Capital Markets cut Schlumberger from an “outperform” rating to a “market perform” rating and cut their price target for the company from $74.00 to $72.00 in a report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $79.31.

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About Schlumberger

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.

Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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