Integre Asset Management LLC cut its position in Schlumberger Limited. (NYSE:SLB) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,637 shares of the company’s stock after selling 1,592 shares during the period. Schlumberger Limited. comprises 1.4% of Integre Asset Management LLC’s portfolio, making the stock its 27th largest position. Integre Asset Management LLC’s holdings in Schlumberger Limited. were worth $4,251,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the company. Smith Asset Management Group LP increased its position in shares of Schlumberger Limited. by 6.7% in the third quarter. Smith Asset Management Group LP now owns 1,280 shares of the company’s stock worth $101,000 after buying an additional 80 shares during the last quarter. Cable Hill Partners LLC increased its position in shares of Schlumberger Limited. by 28.3% in the third quarter. Cable Hill Partners LLC now owns 1,411 shares of the company’s stock worth $115,000 after buying an additional 311 shares during the last quarter. WealthTrust Arizona LLC increased its position in shares of Schlumberger Limited. by 5.5% in the third quarter. WealthTrust Arizona LLC now owns 1,429 shares of the company’s stock worth $112,000 after buying an additional 74 shares during the last quarter. Roble Belko & Company Inc increased its position in shares of Schlumberger Limited. by 5.5% in the third quarter. Roble Belko & Company Inc now owns 1,445 shares of the company’s stock worth $114,000 after buying an additional 75 shares during the last quarter. Finally, Mascoma Wealth Management LLC acquired a new position in shares of Schlumberger Limited. during the fourth quarter worth about $124,000. 78.66% of the stock is owned by institutional investors.
Shares of Schlumberger Limited. (NYSE:SLB) opened at 76.96 on Friday. The stock’s market capitalization is $107.09 billion. Schlumberger Limited. has a 1-year low of $71.34 and a 1-year high of $87.84. The stock’s 50 day moving average is $80.20 and its 200 day moving average is $81.36.
Schlumberger Limited. (NYSE:SLB) last announced its quarterly earnings data on Friday, January 20th. The company reported $0.27 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.27. Schlumberger Limited. had a negative net margin of 6.07% and a positive return on equity of 3.81%. The business had revenue of $7.11 billion for the quarter. During the same quarter in the previous year, the business posted $0.65 earnings per share. Schlumberger Limited.’s revenue for the quarter was down 8.2% compared to the same quarter last year. On average, equities analysts forecast that Schlumberger Limited. will post $1.80 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Wednesday, February 15th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, February 13th. This represents a $2.00 annualized dividend and a yield of 2.60%. Schlumberger Limited.’s dividend payout ratio is currently -169.49%.
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SLB has been the topic of a number of recent analyst reports. Vetr raised Schlumberger Limited. from a “hold” rating to a “buy” rating and set a $95.37 price target on the stock in a research report on Tuesday, December 13th. FBR & Co upped their price target on Schlumberger Limited. from $105.00 to $107.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 22nd. Credit Suisse Group AG upped their price target on Schlumberger Limited. from $94.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, January 23rd. Stephens downgraded Schlumberger Limited. from an “overweight” rating to an “equal weight” rating in a research report on Monday, January 23rd. Finally, Evercore ISI reaffirmed a “buy” rating and set a $99.00 price target on shares of Schlumberger Limited. in a research report on Tuesday, January 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $96.27.
In related news, Director Tore I. Sandvold sold 5,000 shares of Schlumberger Limited. stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $81.54, for a total transaction of $407,700.00. Following the sale, the director now directly owns 7,750 shares in the company, valued at approximately $631,935. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.36% of the stock is owned by company insiders.
Schlumberger Limited. 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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