Schlumberger Limited (NYSE:SLB) Shares Purchased by English Capital Management LLC

English Capital Management LLC boosted its stake in shares of Schlumberger Limited (NYSE:SLB) by 34.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 90,106 shares of the oil and gas company’s stock after purchasing an additional 23,040 shares during the quarter. Schlumberger accounts for 2.8% of English Capital Management LLC’s investment portfolio, making the stock its 21st largest position. English Capital Management LLC’s holdings in Schlumberger were worth $3,780,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Boston Partners boosted its position in shares of Schlumberger by 35.8% during the 1st quarter. Boston Partners now owns 11,640,827 shares of the oil and gas company’s stock valued at $635,883,000 after acquiring an additional 3,069,395 shares during the last quarter. Ceredex Value Advisors LLC acquired a new position in Schlumberger in the 2nd quarter valued at about $92,944,000. 1832 Asset Management L.P. purchased a new stake in shares of Schlumberger in the 2nd quarter valued at approximately $91,364,000. Legal & General Group Plc raised its position in shares of Schlumberger by 14.0% during the 2nd quarter. Legal & General Group Plc now owns 12,686,384 shares of the oil and gas company’s stock valued at $598,544,000 after buying an additional 1,560,684 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Schlumberger by 14.9% in the second quarter. Dimensional Fund Advisors LP now owns 7,067,465 shares of the oil and gas company’s stock valued at $333,445,000 after acquiring an additional 915,705 shares during the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Schlumberger

In other news, EVP Abdellah Merad sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $41.90, for a total transaction of $2,514,000.00. Following the completion of the sale, the executive vice president now owns 211,937 shares in the company, valued at approximately $8,880,160.30. The trade was a 22.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.26% of the company’s stock.

Schlumberger Stock Performance

Shares of Schlumberger stock opened at $44.23 on Friday. The business has a 50-day simple moving average of $42.78 and a 200-day simple moving average of $44.58. The company has a market cap of $62.46 billion, a PE ratio of 14.22, a P/E/G ratio of 1.56 and a beta of 1.52. Schlumberger Limited has a one year low of $38.66 and a one year high of $55.69. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.48.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, October 18th. The oil and gas company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. The company had revenue of $9.16 billion for the quarter, compared to the consensus estimate of $9.27 billion. Schlumberger had a net margin of 12.44% and a return on equity of 21.84%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.78 EPS. On average, equities research analysts forecast that Schlumberger Limited will post 3.39 EPS for the current fiscal year.

Schlumberger Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 4th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Wednesday, December 4th. Schlumberger’s dividend payout ratio (DPR) is 35.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SLB shares. Evercore ISI reduced their target price on Schlumberger from $74.00 to $62.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $60.00 target price (down previously from $62.00) on shares of Schlumberger in a research report on Monday, October 21st. Susquehanna dropped their price target on shares of Schlumberger from $60.00 to $56.00 and set a “positive” rating for the company in a research report on Monday, October 21st. Dbs Bank initiated coverage on shares of Schlumberger in a report on Wednesday, September 18th. They issued a “buy” rating and a $64.50 price objective on the stock. Finally, JPMorgan Chase & Co. dropped their target price on shares of Schlumberger from $64.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.97.

About Schlumberger

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.