Schlumberger Limited (NYSE:SLB) Shares Bought by Everence Capital Management Inc.

Everence Capital Management Inc. lifted its position in shares of Schlumberger Limited (NYSE:SLB) by 15.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 110,926 shares of the oil and gas company’s stock after acquiring an additional 15,000 shares during the period. Everence Capital Management Inc.’s holdings in Schlumberger were worth $4,653,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Park Avenue Securities LLC lifted its holdings in shares of Schlumberger by 0.7% in the first quarter. Park Avenue Securities LLC now owns 42,312 shares of the oil and gas company’s stock valued at $2,319,000 after purchasing an additional 310 shares in the last quarter. &PARTNERS acquired a new stake in Schlumberger during the 1st quarter valued at $265,000. First PREMIER Bank increased its position in Schlumberger by 14.4% during the first quarter. First PREMIER Bank now owns 2,615 shares of the oil and gas company’s stock worth $144,000 after buying an additional 330 shares in the last quarter. Strategic Planning Group LLC raised its holdings in shares of Schlumberger by 20.1% in the first quarter. Strategic Planning Group LLC now owns 11,481 shares of the oil and gas company’s stock worth $629,000 after acquiring an additional 1,921 shares during the last quarter. Finally, Community Bank of Raymore purchased a new stake in shares of Schlumberger in the first quarter valued at $243,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SLB has been the subject of a number of recent research reports. Dbs Bank started coverage on Schlumberger in a research report on Wednesday, September 18th. They set a “buy” rating and a $64.50 price objective for the company. Morgan Stanley lowered their price target on shares of Schlumberger from $65.00 to $60.00 and set an “overweight” rating for the company in a report on Monday, September 16th. JPMorgan Chase & Co. reduced their price objective on shares of Schlumberger from $64.00 to $60.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 1st. BMO Capital Markets lowered their target price on shares of Schlumberger from $60.00 to $58.00 and set an “outperform” rating for the company in a research note on Thursday, October 10th. Finally, Barclays cut their price target on Schlumberger from $67.00 to $63.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $62.03.

Schlumberger Trading Up 2.2 %

SLB stock traded up $0.94 during midday trading on Monday, reaching $42.86. 7,453,170 shares of the company’s stock traded hands, compared to its average volume of 11,071,446. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.49 and a quick ratio of 1.13. Schlumberger Limited has a fifty-two week low of $38.66 and a fifty-two week high of $59.05. The business has a 50-day moving average price of $43.10 and a two-hundred day moving average price of $45.95. The company has a market capitalization of $61.26 billion, a P/E ratio of 14.14, a PEG ratio of 0.96 and a beta of 1.51.

Schlumberger (NYSE:SLB) last posted its earnings results on Friday, October 18th. The oil and gas company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.01. Schlumberger had a net margin of 12.56% and a return on equity of 21.92%. The business had revenue of $9.16 billion for the quarter, compared to analyst estimates of $9.27 billion. During the same quarter in the previous year, the business posted $0.78 EPS. The business’s quarterly revenue was up 10.2% on a year-over-year basis. Equities research analysts forecast that Schlumberger Limited will post 3.46 EPS for the current fiscal year.

Schlumberger Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 4th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Wednesday, December 4th. Schlumberger’s payout ratio is 36.54%.

Schlumberger Company Profile

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.