Quantbot Technologies LP Sells 58,800 Shares of Schlumberger Limited. (SLB)

Quantbot Technologies LP cut its holdings in Schlumberger Limited. (NYSE:SLB) by 77.9% during the third quarter, HoldingsChannel.com reports. The firm owned 16,702 shares of the oil and gas company’s stock after selling 58,800 shares during the period. Quantbot Technologies LP’s holdings in Schlumberger were worth $1,165,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings 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 valued at $6,519,670,000 after acquiring an additional 2,790,227 shares in the last quarter. Dodge & Cox boosted its holdings 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 valued at $3,178,193,000 after acquiring an additional 5,494,165 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings 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 valued at $1,787,272,000 after acquiring an additional 548,250 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Schlumberger by 2.9% in the second 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 acquiring an additional 536,928 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in shares of Schlumberger by 8.6% in the third quarter. First Eagle Investment Management LLC now owns 17,406,016 shares of the oil and gas company’s stock valued at $1,214,244,000 after acquiring an additional 1,380,252 shares in the last quarter. Institutional investors own 79.29% of the company’s stock.

In other Schlumberger news, Director Tore I. Sandvold sold 3,500 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total value of $219,205.00. Following the sale, the director now owns 1,500 shares of the company’s stock, valued at $93,945. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.38% of the stock is owned by corporate insiders.

Several analysts have recently weighed in on the stock. Cowen set a $85.00 target price on shares of Schlumberger and gave the company a “buy” rating in a report on Thursday, January 11th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Schlumberger in a report on Sunday. Morgan Stanley set a $81.00 target price on shares of Schlumberger and gave the company a “buy” rating in a report on Thursday. Piper Jaffray Companies lifted their target price on shares of Schlumberger from $74.00 to $90.00 and gave the company an “overweight” rating in a report on Friday. Finally, B. Riley set a $80.00 target price on shares of Schlumberger and gave the company a “buy” rating in a report on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Schlumberger has an average rating of “Buy” and a consensus price target of $80.15.

Shares of Schlumberger Limited. (SLB) opened at $76.42 on Monday. Schlumberger Limited. has a fifty-two week low of $61.02 and a fifty-two week high of $87.78. The company has a market cap of $105,861.72, a PE ratio of -70.11, a P/E/G ratio of 5.88 and a beta of 1.01. The company has a current ratio of 1.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40.

Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.04. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. The company had revenue of $8.18 billion for the quarter, compared to the consensus estimate of $8.12 billion. During the same quarter in the prior 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 forecast that Schlumberger Limited. will post 2.17 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Wednesday, February 7th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.62%. Schlumberger’s dividend payout ratio (DPR) is presently -183.49%.

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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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