Schlumberger (SLB) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its stake in shares of Schlumberger (NYSE:SLB) by 7.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,532 shares of the oil and gas company’s stock after acquiring an additional 3,438 shares during the period. Daiwa Securities Group Inc.’s holdings in Schlumberger were worth $3,144,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SLB. Parsons Capital Management Inc. RI increased its stake in Schlumberger by 0.9% in the 4th quarter. Parsons Capital Management Inc. RI now owns 77,882 shares of the oil and gas company’s stock valued at $5,248,000 after buying an additional 694 shares during the last quarter. Gillespie Robinson & Grimm Inc. increased its stake in Schlumberger by 18.1% in the 4th quarter. Gillespie Robinson & Grimm Inc. now owns 4,560 shares of the oil and gas company’s stock valued at $307,000 after buying an additional 700 shares during the last quarter. Lee Danner & Bass Inc. increased its stake in Schlumberger by 0.7% in the 1st quarter. Lee Danner & Bass Inc. now owns 114,118 shares of the oil and gas company’s stock valued at $7,393,000 after buying an additional 747 shares during the last quarter. American Research & Management Co. increased its stake in Schlumberger by 81.1% in the 4th quarter. American Research & Management Co. now owns 1,731 shares of the oil and gas company’s stock valued at $117,000 after buying an additional 775 shares during the last quarter. Finally, Capital Insight Partners LLC increased its stake in Schlumberger by 2.8% in the 4th quarter. Capital Insight Partners LLC now owns 28,604 shares of the oil and gas company’s stock valued at $1,928,000 after buying an additional 777 shares during the last quarter. Institutional investors and hedge funds own 80.53% of the company’s stock.

Shares of SLB stock opened at $74.43 on Friday. The stock has a market cap of $99.18 billion, a P/E ratio of 49.62, a P/E/G ratio of 5.81 and a beta of 1.05. The company has a quick ratio of 0.86, a current ratio of 1.11 and a debt-to-equity ratio of 0.36. Schlumberger has a 52 week low of $71.60 and a 52 week high of $72.42.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, April 20th. The oil and gas company reported $0.38 EPS for the quarter, hitting the consensus estimate of $0.38. The business had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.79 billion. Schlumberger had a negative net margin of 4.01% and a positive return on equity of 5.85%. Schlumberger’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 EPS. research analysts forecast that Schlumberger will post 2.05 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Wednesday, June 6th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Tuesday, June 5th. Schlumberger’s payout ratio is 133.33%.

Several equities research analysts have issued reports on SLB shares. Morgan Stanley set a $81.00 price target on shares of Schlumberger and gave the company a “buy” rating in a research note on Thursday, January 18th. Piper Jaffray lifted their price target on shares of Schlumberger from $74.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. Royal Bank of Canada reiterated a “buy” rating and issued a $85.00 price target on shares of Schlumberger in a research note on Sunday, January 21st. Atlantic Securities upgraded shares of Schlumberger from a “neutral” rating to an “overweight” rating in a research note on Monday, January 22nd. Finally, B. Riley reiterated a “buy” rating and issued a $90.00 price target (up from $80.00) on shares of Schlumberger in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $79.80.

In related news, CEO Paal Kibsgaard bought 10,000 shares of Schlumberger stock in a transaction that occurred on Monday, March 26th. The stock was acquired at an average price of $64.68 per share, with a total value of $646,800.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Patrick Schorn bought 5,000 shares of Schlumberger stock in a transaction that occurred on Monday, March 26th. The shares were bought at an average cost of $64.79 per share, with a total value of $323,950.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 18,000 shares of company stock valued at $1,163,650 in the last ninety days. 0.48% of the stock is currently owned by insiders.

Schlumberger Company Profile

Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.

Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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