Hardman Johnston Global Advisors LLC grew its position in Schlumberger Limited (NYSE:SLB - Free Report) by 97.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 424,630 shares of the oil and gas company's stock after purchasing an additional 209,720 shares during the period. Hardman Johnston Global Advisors LLC's holdings in Schlumberger were worth $22,098,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in Schlumberger during the fourth quarter worth about $1,008,286,000. Price T Rowe Associates Inc. MD grew its holdings in Schlumberger by 200.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,736,684 shares of the oil and gas company's stock worth $527,173,000 after acquiring an additional 7,158,943 shares during the period. Royal Bank of Canada grew its holdings in Schlumberger by 79.7% during the third quarter. Royal Bank of Canada now owns 4,919,990 shares of the oil and gas company's stock worth $286,835,000 after acquiring an additional 2,182,706 shares during the period. Sanders Capital LLC grew its holdings in Schlumberger by 34.9% during the third quarter. Sanders Capital LLC now owns 8,056,492 shares of the oil and gas company's stock worth $469,693,000 after acquiring an additional 2,085,506 shares during the period. Finally, Invesco Ltd. grew its holdings in Schlumberger by 30.5% in the third quarter. Invesco Ltd. now owns 8,370,835 shares of the oil and gas company's stock valued at $488,020,000 after purchasing an additional 1,954,620 shares during the period. 81.99% of the stock is owned by institutional investors and hedge funds.
Schlumberger Trading Down 3.7 %
Schlumberger stock traded down $2.00 during trading on Friday, reaching $52.00. 12,820,880 shares of the company were exchanged, compared to its average volume of 11,331,320. Schlumberger Limited has a 52-week low of $42.73 and a 52-week high of $62.12. The company has a market capitalization of $74.22 billion, a P/E ratio of 18.49, a PEG ratio of 0.98 and a beta of 1.60. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.32 and a quick ratio of 1.00. The stock's 50 day simple moving average is $51.24 and its two-hundred day simple moving average is $52.78.
Schlumberger (NYSE:SLB - Get Free Report) last announced its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.02. Schlumberger had a return on equity of 21.97% and a net margin of 12.68%. The firm had revenue of $8.99 billion for the quarter, compared to the consensus estimate of $8.96 billion. During the same quarter last year, the business posted $0.71 earnings per share. The firm's revenue was up 14.1% compared to the same quarter last year. On average, equities research analysts expect that Schlumberger Limited will post 3.52 earnings per share for the current fiscal year.
Schlumberger Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, February 7th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.92%. Schlumberger's payout ratio is 34.25%.
Analyst Ratings Changes
SLB has been the topic of several research analyst reports. The Goldman Sachs Group reissued a "buy" rating on shares of Schlumberger in a report on Monday, April 1st. Wells Fargo & Company raised their price objective on Schlumberger from $69.00 to $70.00 and gave the company an "overweight" rating in a report on Monday, January 22nd. Susquehanna reissued a "positive" rating and issued a $77.00 price objective on shares of Schlumberger in a report on Monday. HSBC reissued a "buy" rating and issued a $71.00 price objective on shares of Schlumberger in a report on Thursday, April 4th. Finally, Benchmark reissued a "buy" rating and issued a $68.00 price objective on shares of Schlumberger in a report on Wednesday, April 3rd. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.80.
Check Out Our Latest Stock Report on Schlumberger
Insider Buying and Selling
In other Schlumberger news, CAO Howard Guild sold 22,853 shares of the firm's stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $51.66, for a total transaction of $1,180,585.98. Following the completion of the sale, the chief accounting officer now owns 22,181 shares of the company's stock, valued at $1,145,870.46. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Schlumberger news, CAO Howard Guild sold 22,853 shares of the firm's stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $51.66, for a total transaction of $1,180,585.98. Following the completion of the sale, the chief accounting officer now owns 22,181 shares of the company's stock, valued at $1,145,870.46. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Stephane Biguet sold 6,250 shares of the firm's stock in a transaction on Monday, January 29th. The stock was sold at an average price of $52.78, for a total value of $329,875.00. Following the sale, the chief financial officer now directly owns 249,182 shares of the company's stock, valued at approximately $13,151,825.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 172,191 shares of company stock worth $8,636,322. 0.26% of the stock is owned by corporate insiders.
Schlumberger Company Profile
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Free Report)
Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.
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