Ninepoint Partners LP Invests $384,000 in Schlumberger Limited. (SLB)

Ninepoint Partners LP purchased a new position in Schlumberger Limited. (NYSE:SLB) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,500 shares of the oil and gas company’s stock, valued at approximately $384,000.

Several other large investors have also recently modified their holdings of the company. Aviance Capital Management LLC acquired a new position in Schlumberger during the second quarter worth $100,000. Mountain Capital Investment Advisors Inc acquired a new position in Schlumberger during the second quarter worth $107,000. Tradewinds Capital Management LLC boosted its stake in Schlumberger by 22.3% during the second quarter. Tradewinds Capital Management LLC now owns 1,636 shares of the oil and gas company’s stock worth $108,000 after buying an additional 298 shares during the last quarter. Jacobi Capital Management LLC boosted its stake in Schlumberger by 95.8% during the second quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock worth $134,000 after buying an additional 1,000 shares during the last quarter. Finally, Atlantic Trust LLC acquired a new position in Schlumberger during the second quarter worth $137,000. 79.29% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Schlumberger Limited. (NYSE:SLB) opened at $79.21 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.21 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $110,530.05, a price-to-earnings ratio of -72.67, a P/E/G ratio of 6.22 and a beta of 1.01. Schlumberger Limited. has a 1-year low of $61.02 and a 1-year high of $86.05.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.04. The firm had revenue of $8.18 billion for the quarter, compared to the consensus estimate of $8.12 billion. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 EPS. research analysts forecast that Schlumberger Limited. will post 2.14 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Wednesday, February 7th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $2.00 annualized dividend and a dividend yield of 2.52%. Schlumberger’s dividend payout ratio is presently -183.49%.

SLB has been the topic of a number of recent research reports. Deutsche Bank initiated coverage on Schlumberger in a research note on Tuesday, October 10th. They set a “buy” rating and a $78.00 price objective on the stock. Royal Bank of Canada set a $86.00 price objective on Schlumberger and gave the stock a “buy” rating in a research note on Saturday, October 7th. Cowen set a $80.00 price objective on Schlumberger and gave the stock a “buy” rating in a research note on Friday, October 6th. Citigroup boosted their price objective on Schlumberger from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, October 5th. Finally, Jefferies Group restated a “buy” rating and issued a $80.00 target price on shares of Schlumberger in a research report on Friday, September 29th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. Schlumberger presently has a consensus rating of “Buy” and an average target price of $82.11.

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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.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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