Mutual of America Capital Management LLC boosted its holdings in Schlumberger Limited. (NYSE:SLB) by 23.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 220,440 shares of the oil and gas company’s stock after acquiring an additional 41,731 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Schlumberger were worth $13,429,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its position in Schlumberger by 5.3% in the third quarter. Bank of New York Mellon Corp now owns 31,019,971 shares of the oil and gas company’s stock worth $1,889,738,000 after acquiring an additional 1,558,478 shares in the last quarter. First Eagle Investment Management LLC raised its position in Schlumberger by 3.0% in the third quarter. First Eagle Investment Management LLC now owns 19,795,280 shares of the oil and gas company’s stock worth $1,205,928,000 after acquiring an additional 576,149 shares in the last quarter. Loomis Sayles & Co. L P grew its holdings in Schlumberger by 2.1% in the third quarter. Loomis Sayles & Co. L P now owns 16,257,242 shares of the oil and gas company’s stock valued at $990,391,000 after purchasing an additional 331,671 shares during the last quarter. American Century Companies Inc. grew its holdings in Schlumberger by 20.1% in the third quarter. American Century Companies Inc. now owns 10,218,188 shares of the oil and gas company’s stock valued at $622,492,000 after purchasing an additional 1,707,050 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Schlumberger by 6.2% in the third quarter. Fisher Asset Management LLC now owns 6,576,688 shares of the oil and gas company’s stock valued at $400,652,000 after purchasing an additional 385,816 shares during the last quarter. Hedge funds and other institutional investors own 77.74% of the company’s stock.
SLB opened at $46.30 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38. The firm has a market cap of $62.45 billion, a P/E ratio of 30.87, a P/E/G ratio of 4.45 and a beta of 1.04. Schlumberger Limited. has a 52 week low of $44.68 and a 52 week high of $80.35.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Wednesday, December 5th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend is Tuesday, December 4th. Schlumberger’s payout ratio is currently 133.33%.
SLB has been the topic of several research reports. ValuEngine lowered Schlumberger from a “hold” rating to a “sell” rating in a report on Tuesday, September 4th. Stifel Nicolaus initiated coverage on Schlumberger in a report on Monday, September 10th. They issued a “hold” rating and a $69.00 target price on the stock. Morgan Stanley initiated coverage on Schlumberger in a report on Tuesday, September 18th. They issued an “equal weight” rating and a $72.00 target price on the stock. Jefferies Financial Group lowered their target price on Schlumberger from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, September 26th. Finally, Tudor Pickering lowered Schlumberger from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have assigned a buy rating to the company. Schlumberger currently has an average rating of “Buy” and an average target price of $75.67.
In related news, Director Michael E. Marks acquired 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 6th. The shares were acquired at an average price of $60.31 per share, with a total value of $482,480.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Simon Ayat sold 60,000 shares of the stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $56.60, for a total value of $3,396,000.00. Following the sale, the chief financial officer now directly owns 234,008 shares in the company, valued at approximately $13,244,852.80. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.
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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.
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