Schlumberger Limited. (NYSE:SLB) Shares Purchased by Profund Advisors LLC

Profund Advisors LLC lifted its holdings in shares of Schlumberger Limited. (NYSE:SLB) by 7.8% during the second quarter, reports. The fund owned 86,468 shares of the oil and gas company’s stock after purchasing an additional 6,252 shares during the quarter. Profund Advisors LLC’s holdings in Schlumberger were worth $3,436,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SLB. Quad Cities Investment Group LLC acquired a new position in Schlumberger during the second quarter worth approximately $32,000. Mizuho Securities Co. Ltd. bought a new stake in Schlumberger during the second quarter worth $32,000. Lenox Wealth Management Inc. lifted its stake in Schlumberger by 41.1% during the first quarter. Lenox Wealth Management Inc. now owns 879 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 256 shares during the last quarter. Meridian Wealth Management LLC bought a new position in shares of Schlumberger in the 1st quarter valued at $38,000. Finally, Acima Private Wealth LLC lifted its stake in shares of Schlumberger by 141.9% in the 1st quarter. Acima Private Wealth LLC now owns 924 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 542 shares during the last quarter. Institutional investors and hedge funds own 76.94% of the company’s stock.

A number of research firms recently weighed in on SLB. JPMorgan Chase & Co. decreased their price objective on Schlumberger from $41.00 to $34.00 and set a “neutral” rating for the company in a report on Monday. Gabelli began coverage on shares of Schlumberger in a research report on Thursday, June 27th. They set a “buy” rating and a $55.00 price objective on the stock. AltaCorp Capital reaffirmed an “outperform” rating on shares of Schlumberger in a research report on Thursday, June 20th. Bank of America dropped their price target on shares of Schlumberger from $51.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, August 28th. Finally, Wells Fargo & Co dropped their target price on shares of Schlumberger from $48.00 to $44.00 and set an “outperform” rating on the stock in a research report on Thursday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $51.05.

In other news, insider Stephanie Cox sold 24,057 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $40.59, for a total transaction of $976,473.63. Following the sale, the insider now owns 46,354 shares of the company’s stock, valued at $1,881,508.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Patrick Schorn sold 12,151 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $38.93, for a total transaction of $473,038.43. Following the completion of the sale, the executive vice president now directly owns 130,000 shares in the company, valued at approximately $5,060,900. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

NYSE SLB traded up $0.49 on Friday, hitting $37.39. 537,363 shares of the company’s stock traded hands, compared to its average volume of 11,425,570. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 0.47. Schlumberger Limited. has a 1-year low of $31.03 and a 1-year high of $63.65. The firm’s 50-day moving average price is $34.94 and its two-hundred day moving average price is $39.43. The firm has a market capitalization of $51.81 billion, a PE ratio of 23.11, a P/E/G ratio of 2.63 and a beta of 1.49.

Schlumberger (NYSE:SLB) last posted its earnings results on Friday, July 19th. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $8.27 billion during the quarter, compared to analysts’ expectations of $8.11 billion. Schlumberger had a net margin of 6.38% and a return on equity of 5.62%. The business’s revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS. On average, research analysts anticipate that Schlumberger Limited. will post 1.5 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Wednesday, September 4th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date of this dividend is Tuesday, September 3rd. Schlumberger’s dividend payout ratio is currently 123.46%.

Schlumberger Company Profile

Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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