Osborne Partners Capital Management LLC trimmed its holdings in Schlumberger Limited. (NYSE:SLB) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 196,343 shares of the oil and gas company’s stock after selling 2,749 shares during the quarter. Schlumberger accounts for about 1.8% of Osborne Partners Capital Management LLC’s portfolio, making the stock its 11th biggest holding. Osborne Partners Capital Management LLC’s holdings in Schlumberger were worth $13,232,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of SLB. Harding Loevner LP lifted its holdings in Schlumberger by 1,337.3% in the 3rd quarter. Harding Loevner LP now owns 138,957,632 shares of the oil and gas company’s stock valued at $569,035,000 after acquiring an additional 129,289,552 shares during the last quarter. Dodge & Cox raised its holdings in Schlumberger by 12.8% during the 2nd quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock worth $3,178,193,000 after buying an additional 5,494,165 shares during the period. Capital International Investors raised its holdings in Schlumberger by 74.8% during the 3rd quarter. Capital International Investors now owns 10,031,514 shares of the oil and gas company’s stock worth $699,798,000 after buying an additional 4,294,058 shares during the period. Vanguard Group Inc. raised its holdings in Schlumberger by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock worth $6,519,670,000 after buying an additional 2,790,227 shares during the period. Finally, Capital Research Global Investors raised its holdings in Schlumberger by 13.8% during the 2nd quarter. Capital Research Global Investors now owns 16,460,016 shares of the oil and gas company’s stock worth $1,083,727,000 after buying an additional 1,993,829 shares during the period. 78.94% of the stock is owned by institutional investors.
Several research firms have issued reports on SLB. Piper Jaffray Companies boosted their price objective on Schlumberger from $74.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, January 19th. ValuEngine downgraded Schlumberger from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Barclays set a $75.00 price objective on Schlumberger and gave the stock a “hold” rating in a report on Tuesday, January 23rd. Cowen set a $85.00 price objective on Schlumberger and gave the stock a “buy” rating in a report on Wednesday, February 14th. Finally, Zacks Investment Research downgraded Schlumberger from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $81.59.
Schlumberger Limited. (SLB) opened at $68.78 on Monday. The firm has a market capitalization of $95,280.00, a PE ratio of -60.33, a PEG ratio of 5.30 and a beta of 1.03. Schlumberger Limited. has a twelve month low of $61.02 and a twelve month high of $80.89. The company has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 0.40.
Schlumberger (NYSE:SLB) last issued its earnings results on Friday, January 19th. The oil and gas company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. The company 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 firm’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 EPS. sell-side analysts forecast that Schlumberger Limited. will post 2.16 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Wednesday, February 7th will be paid 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 2.91%. Schlumberger’s payout ratio is -175.44%.
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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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