Rothschild Investment Corp IL decreased its position in Schlumberger Limited. (NYSE:SLB) by 17.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,208 shares of the oil and gas company’s stock after selling 3,369 shares during the period. Rothschild Investment Corp IL’s holdings in Schlumberger were worth $1,131,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aviance Capital Management LLC bought a new position in Schlumberger in the 2nd quarter worth about $100,000. Mountain Capital Investment Advisors Inc bought a new position in Schlumberger in the 2nd quarter worth about $107,000. Tradewinds Capital Management LLC grew its position in Schlumberger by 22.3% in the 2nd quarter. Tradewinds Capital Management LLC now owns 1,636 shares of the oil and gas company’s stock worth $108,000 after purchasing an additional 298 shares during the last quarter. Jacobi Capital Management LLC grew its position in Schlumberger by 95.8% in the 2nd quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock worth $134,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Atlantic Trust LLC bought a new position in Schlumberger in the 2nd quarter worth about $137,000. Hedge funds and other institutional investors own 79.30% of the company’s stock.
In other Schlumberger news, Director Tore I. Sandvold sold 3,500 shares of the stock in a transaction that occurred on Tuesday, October 24th. The shares were 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 owns 1,500 shares in the company, valued at approximately $93,945. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.38% of the stock is owned by corporate insiders.
Schlumberger (NYSE:SLB) last released its earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. Schlumberger had a net margin of 7.03% and a return on equity of 5.53%. The company had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $7.91 billion. During the same quarter in the prior year, the firm earned $0.25 EPS. The company’s revenue was up 12.6% compared to the same quarter last year. equities analysts expect 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. Shareholders of record on Wednesday, December 6th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $2.00 dividend on an annualized basis and a yield of 2.94%. Schlumberger’s payout ratio is 512.83%.
SLB has been the subject of several recent analyst reports. Loop Capital decreased their target price on shares of Schlumberger from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, October 26th. Scotiabank set a $80.00 price objective on shares of Schlumberger and gave the company a “buy” rating in a report on Saturday, October 21st. Royal Bank of Canada set a $86.00 price objective on shares of Schlumberger and gave the company a “buy” rating in a report on Saturday, October 7th. Citigroup increased their price objective on shares of Schlumberger from $77.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, October 5th. Finally, Deutsche Bank initiated coverage on shares of Schlumberger in a report on Tuesday, October 10th. They issued a “buy” rating and a $78.00 price objective for the company. 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 issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $79.42.
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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