Mcdaniel Terry & Co. Has $12.90 Million Holdings in Schlumberger Limited. (SLB)
Mcdaniel Terry & Co. cut its holdings in shares of Schlumberger Limited. (NYSE:SLB) by 0.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 195,970 shares of the oil and gas company’s stock after selling 429 shares during the quarter. Schlumberger makes up approximately 2.5% of Mcdaniel Terry & Co.’s holdings, making the stock its 21st largest holding. Mcdaniel Terry & Co.’s holdings in Schlumberger were worth $12,903,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Tradewinds Capital Management LLC grew its position in shares of Schlumberger by 29.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock worth $104,000 after acquiring an additional 307 shares in the last quarter. Proficio Capital Partners LLC grew its position in shares of Schlumberger by 18.0% in the 1st quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock worth $145,000 after acquiring an additional 310 shares in the last quarter. Jacobi Capital Management LLC grew its position in shares of Schlumberger by 95.8% in the 2nd quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock worth $134,000 after acquiring an additional 1,000 shares in the last quarter. Independence Advisors LLC acquired a new position in shares of Schlumberger in the 2nd quarter worth approximately $288,000. Finally, Point View Wealth Management Inc. grew its position in shares of Schlumberger by 6.6% in the 1st quarter. Point View Wealth Management Inc. now owns 2,574 shares of the oil and gas company’s stock worth $201,000 after acquiring an additional 160 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.
In other news, Director Tore I. Sandvold sold 3,500 shares of the business’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total value of $219,205.00. Following the sale, the director now owns 1,500 shares of the company’s stock, valued at approximately $93,945. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.38% of the stock is currently owned by insiders.
Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.42. Schlumberger had a return on equity of 4.42% and a net margin of 1.86%. The company had revenue of $7.91 billion during the quarter, compared to analyst estimates of $7.91 billion. During the same quarter in the previous year, the firm posted $0.25 EPS. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. analysts predict that Schlumberger Limited. will post 1.47 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Wednesday, December 6th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend is Tuesday, December 5th. Schlumberger’s dividend payout ratio is presently 512.83%.
A number of research analysts recently issued reports on the company. Argus assumed coverage on Schlumberger in a research report on Monday, August 21st. They set a “buy” rating for the company. BidaskClub lowered Schlumberger from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Barclays set a $70.00 price objective on Schlumberger and gave the company a “hold” rating in a research report on Wednesday, October 25th. SunTrust Banks restated a “hold” rating on shares of Schlumberger in a research report on Tuesday, October 31st. Finally, Citigroup boosted their price objective on Schlumberger from $77.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $79.31.
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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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