Community Financial Services Group LLC grew its holdings in shares of Schlumberger Limited. (NYSE:SLB) by 2.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 63,344 shares of the oil and gas company’s stock after purchasing an additional 1,390 shares during the period. Schlumberger accounts for 1.8% of Community Financial Services Group LLC’s portfolio, making the stock its 29th biggest position. Community Financial Services Group LLC’s holdings in Schlumberger were worth $4,419,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the business. Gabelli Funds LLC increased its holdings in shares of Schlumberger by 4.3% in the 1st quarter. Gabelli Funds LLC now owns 586,736 shares of the oil and gas company’s stock worth $45,824,000 after acquiring an additional 24,400 shares during the period. RNC Capital Management LLC increased its holdings in shares of Schlumberger by 4.8% in the 1st quarter. RNC Capital Management LLC now owns 368,831 shares of the oil and gas company’s stock worth $28,806,000 after acquiring an additional 16,750 shares during the period. Intrust Bank NA increased its holdings in shares of Schlumberger by 23.8% in the 1st quarter. Intrust Bank NA now owns 28,455 shares of the oil and gas company’s stock worth $2,222,000 after acquiring an additional 5,466 shares during the period. Ropes Wealth Advisors LLC increased its holdings in shares of Schlumberger by 23.1% in the 1st quarter. Ropes Wealth Advisors LLC now owns 32,526 shares of the oil and gas company’s stock worth $2,540,000 after acquiring an additional 6,100 shares during the period. Finally, Main Street Research LLC increased its holdings in shares of Schlumberger by 1.8% in the 1st quarter. Main Street Research LLC now owns 119,168 shares of the oil and gas company’s stock worth $9,307,000 after acquiring an additional 2,155 shares during the period. 79.32% of the stock is currently owned by institutional investors.
In other news, Director Tore I. Sandvold sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total transaction of $219,205.00. Following the completion of the transaction, the director now owns 1,500 shares in the company, valued at approximately $93,945. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.38% of the company’s stock.
Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, October 20th. The oil and gas company reported $0.42 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. Schlumberger had a net margin of 1.86% and a return on equity of 4.42%. The company had revenue of $7.91 billion during the quarter, compared to analyst estimates of $7.91 billion. During the same quarter last year, the firm posted $0.25 EPS. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. sell-side analysts expect that Schlumberger Limited. will post 1.47 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Wednesday, December 6th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 5th. This represents a $2.00 annualized dividend and a dividend yield of 2.97%. Schlumberger’s dividend payout ratio (DPR) is 512.82%.
A number of analysts recently weighed in on SLB shares. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of Schlumberger in a report on Wednesday, September 6th. BMO Capital Markets reaffirmed a “buy” rating and issued a $74.00 price objective on shares of Schlumberger in a report on Wednesday, September 6th. JPMorgan Chase & Co. lowered their target price on shares of Schlumberger from $79.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 12th. Jefferies Group reissued a “buy” rating and set a $80.00 target price on shares of Schlumberger in a research note on Friday, September 29th. Finally, Citigroup raised their target price on shares of Schlumberger from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $79.42.
Schlumberger Company 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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