Pathstone Family Office LLC Purchases 23,089 Shares of Schlumberger Limited (NYSE:SLB)

Pathstone Family Office LLC raised its position in Schlumberger Limited (NYSE:SLBFree Report) by 172.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,508 shares of the oil and gas company’s stock after acquiring an additional 23,089 shares during the quarter. Pathstone Family Office LLC’s holdings in Schlumberger were worth $2,141,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of SLB. Capital World Investors lifted its stake in shares of Schlumberger by 85.7% in the second quarter. Capital World Investors now owns 43,080,354 shares of the oil and gas company’s stock worth $2,116,107,000 after buying an additional 19,885,771 shares in the last quarter. Norges Bank bought a new position in shares of Schlumberger in the fourth quarter worth approximately $1,008,286,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Schlumberger by 200.1% in 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 buying an additional 7,158,943 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Schlumberger by 156.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,974,987 shares of the oil and gas company’s stock worth $173,442,000 after buying an additional 1,814,440 shares in the last quarter. Finally, Capital Wealth Planning LLC lifted its stake in shares of Schlumberger by 48.2% in the third quarter. Capital Wealth Planning LLC now owns 5,555,662 shares of the oil and gas company’s stock worth $323,895,000 after buying an additional 1,807,061 shares in the last quarter. Hedge funds and other institutional investors own 79.43% of the company’s stock.

Insider Activity

In related news, CFO Stephane Biguet sold 6,250 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $52.44, for a total transaction of $327,750.00. Following the completion of the transaction, the chief financial officer now directly owns 169,765 shares of the company’s stock, valued at $8,902,476.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Gavin Rennick sold 6,675 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $52.88, for a total transaction of $352,974.00. Following the completion of the transaction, the insider now directly owns 39,958 shares of the company’s stock, valued at $2,112,979.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephane Biguet sold 6,250 shares of Schlumberger stock in a transaction on Monday, November 27th. The stock was sold at an average price of $52.44, for a total transaction of $327,750.00. Following the completion of the transaction, the chief financial officer now directly owns 169,765 shares of the company’s stock, valued at $8,902,476.60. The disclosure for this sale can be found here. Insiders have sold 135,116 shares of company stock worth $6,923,671 in the last three months. Company insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SLB. Susquehanna upped their target price on shares of Schlumberger from $72.00 to $77.00 and gave the stock a “positive” rating in a research note on Monday, January 22nd. Stifel Nicolaus boosted their price objective on shares of Schlumberger from $63.00 to $64.00 and gave the company a “buy” rating in a report on Monday, January 22nd. Raymond James boosted their price objective on shares of Schlumberger from $68.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, October 23rd. Royal Bank of Canada reissued an “outperform” rating and set a $66.00 price objective on shares of Schlumberger in a report on Thursday. Finally, Barclays decreased their price objective on shares of Schlumberger from $77.00 to $74.00 and set an “overweight” rating for the company in a report on Monday, January 22nd. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Schlumberger currently has an average rating of “Moderate Buy” and an average price target of $70.67.

Read Our Latest Research Report on Schlumberger

Schlumberger Stock Down 1.5 %

Shares of SLB stock opened at $47.08 on Friday. Schlumberger Limited has a 12 month low of $42.73 and a 12 month high of $62.12. The stock has a market cap of $67.20 billion, a P/E ratio of 16.12, a P/E/G ratio of 0.84 and a beta of 1.61. The company has a current ratio of 1.32, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51. The company has a 50 day simple moving average of $50.51 and a two-hundred day simple moving average of $54.96.

Schlumberger (NYSE:SLBGet Free Report) last announced its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.84 by $0.02. The firm had revenue of $8.99 billion for the quarter, compared to the consensus estimate of $8.96 billion. Schlumberger had a net margin of 12.68% and a return on equity of 21.97%. The company’s revenue was up 14.1% on a year-over-year basis. During the same period last year, the firm earned $0.71 EPS. On average, research analysts expect that Schlumberger Limited will post 3.54 earnings per share for the current year.

Schlumberger Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Wednesday, February 7th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 2.12%. Schlumberger’s payout ratio is 34.25%.

Schlumberger Profile

(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, 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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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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