Oakbrook Investments LLC Buys 4,945 Shares of Schlumberger Limited. (SLB)

Oakbrook Investments LLC increased its stake in Schlumberger Limited. (NYSE:SLB) by 1.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 400,805 shares of the oil and gas company’s stock after buying an additional 4,945 shares during the period. Schlumberger accounts for about 1.8% of Oakbrook Investments LLC’s holdings, making the stock its 16th largest holding. Oakbrook Investments LLC’s holdings in Schlumberger were worth $27,960,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Schlumberger by 2.9% during 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 purchasing an additional 2,790,227 shares during the last quarter. Dodge & Cox boosted its stake in Schlumberger by 12.8% during 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 purchasing an additional 5,494,165 shares during the last quarter. Northern Trust Corp boosted its stake in Schlumberger by 2.9% during 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 purchasing an additional 536,928 shares during the last quarter. Northern Cross LLC boosted its stake in Schlumberger by 3.8% during the 2nd quarter. Northern Cross LLC now owns 16,896,879 shares of the oil and gas company’s stock valued at $1,112,491,000 after purchasing an additional 620,270 shares during the last quarter. Finally, Capital Research Global Investors boosted its stake in Schlumberger by 13.8% during the 2nd quarter. Capital Research Global Investors now owns 16,460,016 shares of the oil and gas company’s stock valued at $1,083,727,000 after purchasing an additional 1,993,829 shares during the last quarter. Institutional investors own 79.32% of the company’s stock.

In related news, Director Tore I. Sandvold sold 3,500 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total value of $219,205.00. Following the transaction, the director now directly owns 1,500 shares of the company’s stock, valued at approximately $93,945. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.38% of the stock is currently owned by company insiders.

SLB has been the topic of several recent analyst reports. Piper Jaffray Companies set a $74.00 target price on Schlumberger and gave the company a “buy” rating in a research note on Saturday, October 21st. Sanford C. Bernstein reiterated an “outperform” rating and set a $80.00 target price on shares of Schlumberger in a research note on Wednesday, September 6th. Jefferies Group set a $80.00 target price on Schlumberger and gave the company a “buy” rating in a research note on Friday, August 25th. Goldman Sachs Group downgraded Schlumberger from a “conviction-buy” rating to a “buy” rating and set a $75.00 target price on the stock. in a research note on Monday, November 13th. Finally, Scotiabank set a $80.00 target price on Schlumberger and gave the company a “buy” rating in a research note on Saturday, October 21st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-three have issued 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 an average target price of $79.31.

Schlumberger Limited. (NYSE SLB) opened at $67.86 on Friday. The stock has a market capitalization of $90,429.90, a price-to-earnings ratio of 50.60, a PEG ratio of 2.00 and a beta of 1.01. Schlumberger Limited. has a 52 week low of $61.02 and a 52 week high of $87.84. The company has a quick ratio of 1.20, a current ratio of 1.53 and a debt-to-equity ratio of 0.40.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.42. Schlumberger had a return on equity of 4.42% and a net margin of 1.86%. The company had revenue of $7.91 billion for the quarter, compared to analysts’ expectations of $7.91 billion. During the same period last year, the firm earned $0.25 EPS. Schlumberger’s revenue for the quarter was up 12.6% compared to the same quarter last year. research analysts predict that Schlumberger Limited. will post 1.47 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Wednesday, December 6th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $2.00 dividend on an annualized basis and a yield of 2.95%. Schlumberger’s dividend payout ratio is currently 512.83%.

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Schlumberger Profile

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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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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