Adalta Capital Management LLC reduced its holdings in shares of Schlumberger Limited. (NYSE:SLB) by 1.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 54,047 shares of the oil and gas company’s stock after selling 1,000 shares during the period. Schlumberger accounts for approximately 3.1% of Adalta Capital Management LLC’s investment portfolio, making the stock its 11th largest holding. Adalta Capital Management LLC’s holdings in Schlumberger were worth $3,798,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Harding Loevner LP boosted its stake in shares of Schlumberger by 1,337.3% during the 3rd quarter. Harding Loevner LP now owns 138,957,632 shares of the oil and gas company’s stock worth $569,035,000 after purchasing an additional 129,289,552 shares during the last quarter. First Eagle Investment Management LLC boosted its position in shares of Schlumberger by 103.9% in the second quarter. First Eagle Investment Management LLC now owns 16,025,764 shares of the oil and gas company’s stock worth $1,055,136,000 after acquiring an additional 8,167,945 shares during the last quarter. Dodge & Cox boosted its position 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 worth $3,178,193,000 after acquiring an additional 5,494,165 shares during the last quarter. Capital International Investors boosted its position in shares of Schlumberger by 74.8% in the third quarter. Capital International Investors now owns 10,031,514 shares of the oil and gas company’s stock worth $699,798,000 after acquiring an additional 4,294,058 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Schlumberger by 33.5% in the second quarter. American Century Companies Inc. now owns 11,117,713 shares of the oil and gas company’s stock worth $731,990,000 after acquiring an additional 2,791,675 shares during the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.
Several research firms recently issued reports on SLB. Zacks Investment Research cut shares of Schlumberger from a “hold” rating to a “sell” rating in a research report on Monday, February 12th. Griffin Securities raised shares of Schlumberger from a “neutral” rating to a “buy” rating in a research report on Monday, February 12th. Cowen set a $85.00 target price on shares of Schlumberger and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Loop Capital decreased their target price on shares of Schlumberger from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, October 26th. Finally, Susquehanna Bancshares set a $88.00 target price on shares of Schlumberger and gave the stock a “buy” rating in a research report on Monday, January 22nd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $82.29.
Schlumberger Limited. (NYSE SLB) opened at $65.61 on Wednesday. Schlumberger Limited. has a 1-year low of $61.02 and a 1-year high of $82.69. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.95. The company has a market cap of $90,890.00, a P/E ratio of -60.19, a P/E/G ratio of 5.08 and a beta of 0.98.
Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.12 billion. During the same quarter last year, the firm posted $0.27 earnings per share. Schlumberger’s revenue for the quarter was up 15.1% compared to the same quarter last year. equities analysts expect that Schlumberger Limited. will post 2.17 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Wednesday, February 7th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.05%. Schlumberger’s dividend payout ratio is currently -183.49%.
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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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